Chemtura Corporation Selects Vendavo Price Management Software.

MIDDLEBURY, Conn. & PALO ALTO, Calif. -- Chemtura Corporation (NYSE: CEM) announced today the signing of a contract to deploy Vendavo price management software throughout its businesses. The software is designed to improve the management of strategic pricing initiatives, to set and control prices and margins, and to track performance and customer compliance.

Chemtura has been making significant strides in achieving greater sophistication and consistency in establishing and maintaining optimum pricing levels for its many products. Such enhancements to the process of making pricing decisions are a key driver in the pursuit of profitability improvement.

The decision to deploy Vendavo software builds on a two-year internal initiative at Chemtura (which was recently formed by the merger of Crompton Corporation and Great Lakes Chemical Corporation) of analyzing customer and product data to determine the profit contribution of each customer relationship and each product line.

The Vendavo price management software will:

--Deliver real-time pricing analysis to business users leveraging enterprise-wide SAP data;

--Accelerate the speed with which data is analyzed and pricing decisions made;

--Tally profit contributions by discrete area of responsibility for incentive compensation purposes.

"We are ready to advance to the next stage in the process of optimizing our pricing model," said James Mason, Chemtura's vice president, Commercial Transformation, "and expect to use the Vendavo price management software suite to improve decision making throughout the Chemtura organization."

"We evaluated all of the available technologies for such applications, and concluded that the price management package from Vendavo offered the best capabilities for achieving our objectives," Mason added.

Al Crites, chief executive officer of Vendavo, added, "We are proud to have a chemical industry leader of Chemtura's stature choose to partner with us on this strategic initiative. We will work closely with Chemtura to meet their evolving needs and are confident that our price management software will deliver significant bottom-line benefits."

About Chemtura

Chemtura Corporation, with pro forma 2004 sales of $3.7 billion, is a global manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products. Headquartered in Middlebury, Conn., the company has 7,300 employees around the world. Additional information concerning Chemtura is available at www.chemtura.com.

About Vendavo

Vendavo is the leading provider of price management software to global process, industrial and high-tech manufacturing, and distribution corporations. Vendavo's customers significantly increase their net margins by solving a broad range of pricing challenges that include managing strategic pricing initiatives, setting list prices, managing price lists, controlling margin leakage, negotiating and managing contracts, pricing quotes, tracking pricing performance and customer compliance, and communicating prices across the organization. Vendavo solutions integrate seamlessly with other mission-critical, customer-facing processes and applications. To learn more or to request information, visit www.vendavo.com.

Forward-Looking Statement 

Certain statements made in this release are forward-looking statements that involve risks and uncertainties, including, but not limited to, general economic conditions, the outcome and timing of antitrust investigations and related civil lawsuits to which Chemtura is subject; the ability to obtain selling-price increases; pension and other post-retirement benefit plan assumptions; energy and raw- material prices and availability; production capacity; changes in interest rates and foreign-currency exchange rates; changes in technology, market demand and customer requirements; the enactment of more stringent environmental laws and regulations; the ability to realize expected cost savings under Chemtura's cost-reduction initiatives; the amount of any additional earn-out payments from GE, the ability to reduce Chemtura's debt levels, and other risks and uncertainties detailed in Chemtura's filings with the Securities and Exchange Commission. The following factors, among others, could cause actual results to differ from those included in the forward-looking information: the risk that the businesses and/or SAP systems will not be integrated successfully; the risk that the cost savings and other synergies from the transaction may not be fully realized or take longer to realize than anticipated; the inability to achieve cash flow synergies; disruption from the merger making it more difficult to maintain relationships with employees, customers or suppliers; and competition and its effect on pricing, spending, third-party relationships and revenues. These statements are based on Chemtura's estimates and assumptions and on currently available information. The forward-looking statements include information concerning our possible or assumed future results of operations, and Chemtura's actual results may differ significantly from the results discussed. Forward-looking information is intended to reflect opinions as of the date this release was issued and such information will not necessarily be updated by Chemtura.