Celanese Corporation Signs Agreement to Acquire Acetate Products Limited.

DALLAS -- Celanese Corporation (NYSE:CE) announced today that it has signed an agreement to purchase the business of Acetate Products Limited (APL), the cellulose acetate flake, tow and film activities of Corsadi BV. The transaction is subject to regulatory approvals and other customary conditions. Details of the purchase agreement were not disclosed.

The acquisition will broaden the reach of Celanese's acetate products business and add balance to its global product supply. With approximately 750 employees and sales revenue of about $230 million in 2005, APL operates two manufacturing facilities in the United Kingdom that produce acetate flake, tow and film. "This strategic acquisition will enhance our acetate production integration and supply capabilities, particularly in Europe," said Douglas Madden, president of Celanese Acetate LLC. "The addition of the APL business will further improve the productivity of the Celanese Acetate products network and provide an even more cost-efficient and reliable supply to our customers globally."

Acetate products are used in a range of applications in the tobacco, textile and packaging industries.

As a global leader in the chemicals industry, Celanese Corporation makes products essential to everyday living. Our products, found in consumer and industrial applications, are manufactured in North America, Europe and Asia. Net sales totaled $6.1 billion in 2005, with approximately 60% generated outside of North America. Known for operational excellence and relentless execution of its business strategies, Celanese delivers value to customers around the globe with innovations and best- in-class technologies. Based in Dallas, Texas, the company employs approximately 9,300 employees worldwide. For more information on Celanese Corporation, please visit the company's website at www.celanese.com.

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