Investor Release

Styrolution announces withdrawal of proposed new term loan credit agreement and redemption of all of its outstanding senior secured notes due 2016


Frankfurt, Germany

Frankfurt am Main – August 7, 2014 – Due to changes in market conditions, Styrolution Group GmbH ("Styrolution") today announced the withdrawal of its previously announced planned borrowing of term loans of approximately €1.6 billion. As a result, the Refinancing Condition in respect of the conditional notice that Styrolution issued on July 4, 2014 stating its intention to redeem (subject to the satisfaction or waiver of the Refinancing Condition) its existing 7.625% senior secured notes due 2016 will not be satisfied on or before September 2, 2014.