LYB Enters into Agreement to Acquire 35% of Saudi Arabia-based NATPET; Expands Core PP Business

LyondellBasell Texas Saudi Arabia

Technology-enabled JV increases LYB access to advantaged feedstocks and attractive marketsTransaction encompasses existing assets and planned growth projectsor follow @LyondellBasell on LinkedIn.

About Alujain Corporation
Alujain Corporation was established in 1991 with a view to adding value to Saudi Arabia's natural hydrocarbon and mineral resources. It is a listed Saudi joint stock company and its head office is in Riyadh, Kingdom of Saudi Arabia. Alujain's main strategic objectives are to identify, evaluate, promote, develop and invest/operate major industrial projects in petrochemicals, mining, metals, energy sectors and other projects, with a commitment to creating value for its shareholder by utilizing local strengths and talents, capacities, wealth and natural resources, also setting the highest standards of national, social and environmental responsibility.

Cautionary Note Regarding Forward-looking Statements 
The statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual results could differ materially from the projections, anticipated results, or other expectations expressed in this release, including, but not limited to, receipt of required regulatory approvals or the expiration of applicable waiting periods; the satisfaction of closing conditions; our ability to complete the transaction described in this release within the time period suggested; the final investment decision and the successful construction and operation of the proposed facilities described in this release; and our ability to implement our strategy and successfully align our asset base with that strategy. While these statements and projections are made in good faith, LyondellBasell and its management cannot guarantee that anticipated future results will be achieved. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2022, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission's website at www.sec.gov.

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