Innospec Announces Streamlined Reporting Structure.

NEWARK, Del. -- Innospec Inc. (NASDAQ: IOSP) today has announced a new streamlined reporting structure for its rapidly expanding Performance Chemicals business. The new structure is part of the Company's strategy to grow and develop its business within its target specialty chemicals markets.

With immediate effect, the operating units that fall within Innospec's Performance Chemicals business will report directly to Paul Jennings as Chief Executive Officer.

This new streamlined organisational reporting structure is expected to deliver increased shareholder value by improving focus and accountability within the different Performance Chemicals businesses. These include the aroma chemicals and personal care businesses.

Said Paul Jennings: "These changes reflect the growing importance of our Performance Chemicals business. Having simplified reporting lines within the company and a much more dynamic reporting structure, will improve the speed, decisiveness and quality of our decision-making in this area. It will also enable me to focus more directly on our growing Performance Chemicals businesses. This, in turn, will help us deliver on our strategy of driving growth and performance excellence within our chosen specialty chemicals markets."

About Innospec Inc.

Innospec Inc. is an international specialty chemical company with almost 1,000 employees in 23 countries. Innospec divides its operations into three distinct business areas: Fuel Specialties, Performance Chemicals, and Octane Additives. Together, the three businesses manufacture and supply a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. Innospec's Fuel Specialties business specialises in manufacturing and supplying the fuel additives that help improve fuel efficiency, boost engine performance and reduce harmful emissions. Innospec's Performance Chemicals business includes a range of companies that manufacture performance chemicals used in the manufacture of such items as personal care products, household detergents, crop protection chemicals as well as in plastics and paper and in the metal plating and oil industries. Innospec's Octane Additives business is the world's only producer of tetra ethyl lead (TEL). The management team has a clear strategy in place to ensure the Company maximizes shareholder value from TEL supply while monitoring and reducing production in line with global demand.

Innospec has manufacturing and sales operations in 23 countries including Belgium, China, Cyprus, Dubai, France, Germany, Greece, Holland, Hong Kong, Hungary, India, Italy, Korea, Singapore, South Africa, Spain, Sweden, Switzerland, the UK and USA, which service the company's worldwide distribution network

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Although such statements are believed by management to be reasonable when made, caution should be exercised not to place undue reliance on forward-looking statements, which are subject to certain risks, uncertainties and assumptions. Factors that could cause actual results to differ materially from expectations are identified and included in Innospec's Inc. Annual Report on Form 10-K for the year ended December 31, 2005 and those identified in the Company's other reports filed with the Securities and Exchange Commission.