Martin Kuzaj joins Borealis Executive Board

03.10.2007

Borealis announces the appointment of Martin Kuzaj as Executive Vice President for Base Chemicals and member of the Executive Board effective November 1, 2007. He will report to CEO John Taylor and will be located in Linz, Austria.

Martin Kuzaj comes to Borealis with extensive experience in the chemicals industry. From 1986 to 2000, he held several management positions within the Shell Group of companies, culminating in his appointment as the Global Business Manager for Styrene at Shell Chemicals Limited based in London. From 2000 to 2003, Martin was President/Chief Executive Officer of Steinbeis Packaging Group located near Munich, Germany, and since 2004, he has been an independent Senior Partner consulting in the chemical and financial industries.

Having graduated summa cum laude from Marburg University in Germany with a degree in Organic Chemistry, Martin is 50 years old, a German citizen, married and has three children.

“We are pleased to welcome Martin to Borealis and to our leadership team,” says John Taylor, Borealis CEO. “We look forward to his contribution as we build a Base Chemicals business from our hydrocarbons and aromatics businesses and integrate Agrolinz Melamine International (AMI) into our organisation.”

“I am joining Borealis at an exciting time of growth and expansion,” adds Martin Kuzaj. “I look forward to the opportunity of making Base Chemicals an integral and successful part of its business portfolio. The company has an excellent reputation in the plastics industry, upon which we can build in the chemicals sector.”

For further information, please contact:

Craig Halgreen
Communications Director, Borealis
+43 1 22400 334
craig.halgreen@borealisgroup.com

Borealis and Borouge are leading providers of innovative, value creating plastics solutions. With more than 40 years of experience in polyolefins and using our unique Borstar® technology, we focus on the infrastructure, automotive and advanced packaging markets across Europe, the Middle East and Asia . Our production facilities, innovation centres and service centres work with customers in more than 170 countries to provide the materials that make an essential contribution to society and sustainable development. We are committed to the principles of Responsible Care® and to leading the way in 'Shaping the Future with Plastics'™.

For more information on Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company, visit www.borouge.com

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