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e e LYONDELL-MlLLENNIUM PARTNERSHIP - Page 4 The venture will assume primary responsibility for $745 million of existing Lyondell company debt; Lyondell also will remain liable on this debt. In addition, Lyondell will provide a $345 million note payable to the venture. Not included in the venture are Lyondell's 58% interest in L YONDELL-CITGO Refining Co. Ltd. (LCR) and its 75% interest in Lyondell Methanol (a joint venture with MCN Investment Corp.). Millennium's contribution to the new venture company includes the businesses associated with the following operations: . The olefins business comprised of olefins plants at Clinton, IA, LaPorte, TX, and Morris, IL, with a total capacity of 3.8 billion pounds of ethylene. . The polymers business comprised of 4.8 billion pounds of polymers capacity comprised of five manufacturing facilities in Clinton, IA; Morris, IL; LaPorte, Port Arthur and Chocolate Bayou, TX. . The performance polymers business with manufacturing facilities in Tuscola, IL; Fairport Harbor and Heath, OH; and Crockett, TX. . The synthetic ethanol and ethyl ether businesses with facilities at Tuscola, IL; Newark, NJ; and Anaheim, CA. . Research and technology groups and a research center in Cincinnati, OH. See list of plants and capacities in Attachment l Millennium will receive $1 billion from the exchange: the partnership will assume $750 million of Millennium's inter-company debt, which will be repaid from the proceeds of new bank debt to be arranged by the partnership. Millennium will guarantee $750 million of the new bank facility. In addition, Millennium will retain $250 million of accounts receivable from the contributed businesses. Not included in the venture are Millennium's interest in acetic acid, vinyl acetate and methanol assets and operations. Also excluded from the transaction are Millennium Inorganic Chemicals, Millennium Specialty Chemicals, and Millennium's equity interest in Suburban Propane Partners. -MORE-