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<br />LYONDELL-MILLENNIUM PARTNERSHIP - Page 5
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<br />Executive Management Team Announced for New Venture
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<br />The venture company will be governed by an owners' committee comprised of
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<br />representatives of Millennium and Lyondell. Members of the owners' committee will include:
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<br />Dan F. Smith, President and CEO of Lyon dell Petrochemical Company and CEO of the
<br />venture - Co-Chairman
<br />William M. Landuyt, Chairman and CEO of Millennium Chemicals Inc. - Co-Chairman
<br />Dr. Ronald H. Yocum, President and CEO of Millennium Petrochemicals Inc.- Member
<br />John E. Lushefslci, Senior Vice President and CFO of Millennium Chemicals Inc. - Member
<br />Jeffrey R. Pendergraft, Senior Vice President, Chief Administrative Officer of Lyon dell
<br />Petrochemical Company - Member
<br />Clifton B. Currin, Jr., Vice President, Corporate Development of Lyon dell Petrochemical
<br />Company - Member
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<br />The members of the executive management team of the venture company include:
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<br />Eugene R. Allspach, President and Chief Operating Officer
<br />Joseph M. Putz, Senior Vice President, Finance and Administration
<br />Debra L. Starnes, Senior Vice President, Polyolefins
<br />John R. Beard, Vice President, Manufacturing
<br />1.R. Fontenot, Vice President, Engineering
<br />Alan Houlton, Vice President, Customer Services
<br />Gerald A. O'Brien, Vice President/Secretary
<br />Myra 1. Perkinson, Vice President, Human Resources
<br />W. Norman Phillips, Jr., Vice President, Olefins
<br />Kerry F. Williams, Vice President, Research and Development
<br />Jeffrey L. Hemmer, Director, Business Process Improvement
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<br />Lyondell Petrochemical Company (web site: www.lyondell.com) is a major commodity petrochemical
<br />and polymers company with headquarters in Houston, TX The company manufacturers and markets
<br />olefins (primarily ethylene, propylene, butadiene, butylenes and specialty products), aromatics, methanol
<br />and MTBE, and polymers (or polyolefins), including high-density polyethylene, polypropylene and low-
<br />density polyethylene. Lyondell is involved in petroleum refining through its 58% participation interest in
<br />LYONDELL-CITGO Refining Company Ltd. (LCR), which produces refined petroleum products,
<br />including gasoline, low sulfur diesel andjetfuel. Lyondell operates a methanol business, in which it has
<br />a 75% ownership interest.
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<br />Millennium Chemicals Inc. (web site: www.millenniumchem.com) is a major international chemical
<br />company, with leading market positions in a broad range of commodity, industrial, performance and
<br />specialty chemicals. Millennium Chemicals was formed as a result of a spin-off from Hanson PLC, a UK
<br />public C(ompany, on October 1, 1996.
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