CheMatch.com Posts Record Trading Month for November with $11.5 Million in Transaction Value.

HOUSTON--(BUSINESS WIRE)--Dec. 2, 1999--

Leading exchange for bulk commodity chemicals, plastics and fuel

products continues to generate liquidity

CheMatch.com, the trusted, global Internet exchange and information resource for bulk commodity chemicals, plastics and fuel products, reports that it transacted $11.5 million and 321,000 barrels (45,000 metric tons) in volume over its platform during the month of November, making this a record month.

"The impressive figures recorded for November demonstrate that industry is adopting our solution much more quickly than previously expected," says Carl McCutcheon, president and CEO of CheMatch.com. "The level and type of activity occurring on the exchange this month signal that the rate at which behavior is changing has accelerated. We are particularly pleased that we are seeing indications that participants are coming to rely on our exchange for more sophisticated transactions such as forward deals."

According to business-to-business e-commerce analyst Mark Hughes of investment banking and brokerage firm C.E. Unterberg, Towbin, "The strong trading volume and advanced financial products traded on the CheMatch.com exchange are clear indications of the chemical industry's endorsement of e-commerce. Companies such as CheMatch.com that can demonstrate the efficiencies provided by an eMarketplace should secure a foothold in the large and rapidly growing b2b e-commerce industry."

Although the $1.6 trillion chemical industry is one of the most heavily traded worldwide, it has been fragmented and information on pricing has been limited. CheMatch.com creates a pure market where buyers and sellers benefit from unprecedented market data, price transparency and access to a global pool of product, unfettered by boundaries of space and time. CheMatch.com is focused on bulk commodity chemicals, plastics and fuel products, a market valued in excess of $400 billion. More than 50 of the world's leading chemical companies are represented on the exchange, which has an average transaction value of $530,000.

During the last 60 days, CheMatch.com welcomed leading global companies to the system including: AllChem Industries Inc., BF Goodrich Kalama Inc., BP Chemicals Trading Ltd., Enron Petrochemicals (Europe) Company, Gadiv Petrochemical Industries, InterChem 2000 Ltd., JLM Chemicals Asia PTE Ltd., Chemical Trading S.L., Marubeni America Corporation, Midland Petrochemical Ltd., Noble Americas Corp., Occidental Chemical Corporation, Phenolchemie Gmbh & Co., KG, Phenolchemie Inc., JLM Industries Holland B. V., Talichem S.A., Union Carbide Corporation and Vinmar International, Ltd.

"The chemical industry has been a leading developer of b2b e-commerce solutions," stated McCutcheon. "As we hit important milestones and rapidly add new services and products to our offering, CheMatch.com continues to facilitate the industry's migration to the web."

CheMatch.com (http://www.chematch.com) is the trusted, global Internet exchange and information resource for buying and selling bulk commodity chemicals, plastics and fuel products. CheMatch.com creates a seamless, global marketplace where users can trade 24 hours a day, seven days a week. The company yesterday announced that it had closed a $30 million second round of financing from Sprout Group, the venture capital affiliate of Donaldson, Lufkin & Jenrette Inc.; DuPont (NYSE:DD); Battery Ventures; and Millennium Chemicals (NYSE:MCH). Computer Sciences Corporation (NYSE:CSC) is another strategic investor in CheMatch.com. CheMatch.com companies have served the chemical industry since 1995.