Media Release Corporate 14/11/2005

Borealis appoints new Vice President Wire and Cable

Borealis has announced the appointment of Hans Christian Ambjerg in the position of Vice President Wire & Cable, effective November 1st, 2005. Hans Christian will be based in Mechelen, Belgium. Hans Christian holds a Master of Science degree in chemical engineering from the Danish Technical University of Copenhagen and an Executive MBA from the Scandinavian International Management Institute.

Hans Christian brings with him 15 years of commercial experience working with a variety of companies in the US and Denmark. His latest position was Group Vice President, Business Development at Chr. Hansen, Denmark.

"We are very pleased to welcome Hans Christian Ambjerg to our company," said David Rolph, Executive Vice President Polyolefins. "His appointment will strengthen our commitment to the wire & cable business worldwide." In taking up his new responsibilities, Hans Christian commented: "Borealis delivers innovative plastics solutions to wire & cable manufacturers that are driven by their needs and give real value to the value chain. I look forward to work in this challenging environment together with a very experienced, professional team."

Borealis is a leading supplier to the worldwide wire & cable industry where it has 40 years of experience in providing high quality polyolefin compounds to customers in this exacting market.

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 Borealis and Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company, visit www.borealisgroup.com and www.borouge.com.

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