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Dallas, Texas -- October 10, 2004 -- Jobwerx News -- Celanese Chemicals announced on Friday, that it will increase the price in North America for all Celvol Polyvinyl Alcohol grades by $0.07 per dry pound. These changes will take effect on November 1, 2004, subject to existing contract conditions.

Also effective November 1, Celanese Chemicals will implement a temporary freight surcharge on all Celvol Polyvinyl Alcohol orders globally. The temporary surcharge, which will be based upon the mode of transportation, is being put in place to address unprecedented fuel and transportation costs.

For more information about products or services, please contact your Celanese Polyvinyl Alcohol Sales Representative or visit our Web site at www.Celvol.com

Celanese AG also announced a week ago, that the Celanese board of management has approved the divestment of Celanese Americas Corporation (CAC) to BCP Crystal Acquisition GmbH & Co. KG (BCP). CAC is the holding company for the company’s business operations in North America. The transfer of the company to BCP is still pending approval by the Celanese AG supervisory board. CAC will be divested at a value of approx. €290 million, which reflects the result of a valuation of CAC by the Accounting Firm Ernst & Young. Ernst & Young had been retained by Celanese AG for a valuation of CAC in the course of the preparation of the Annual Accounts as of September 30, 2004 by Celanese AG.

BCP intends to transfer CAC to a U.S. holding company. These steps will optimize the group structure since the future parent company of the Celanese group will have its headquarters in the U.S.

In February 2004, BCP stated in its takeover offer documents that if it succeeded in acquiring Celanese AG, it planned to create a U.S. holding company and transfer CAC to it. The Celanese AG management board also referred to this intention in its reasoned opinion on the takeover offer.

In divesting CAC, the Celanese AG board of management is acting upon instructions from BCP under the domination and profit and loss transfer agreement between Celanese AG and BCP. This agreement went into effect on October 1, 2004.


About Celanese Chemicals and Celanese AG

Celanese Chemicals, a world leader in the production of acetyls products and their derivatives, including polyvinyl alcohol and emulsions, is a business of Celanese AG.

Celanese AG is a global chemicals company with leading positions in its key products and world class process technology. The Celanese portfolio consists of four main businesses: Chemical Products, Acetate Products, Technical Polymers Ticona and Performance Products. For further information please visit our website at http://www.celanese.com.



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