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02-23-2011

Huntsman: Fourth Quarter and Full Year Results 2010

Huntsman Corporation’s revenues for the fourth quarter of 2010 were USD 2,412 million, an increase of 17% compared to USD 2,064 million for the same period in 2009 and a slight increase compared to USD 2,401 million for the third quarter of 2010. Adjusted Ebitda for the fourth quarter of 2010 was USD 219 million compared to USD 174 million for the same period in 2009 and USD 273 million for the third quarter of 2010. Adjusted net income for the fourth quarter of 2010 was USD 58 million or USD 0.24 per diluted share. This compares to adjusted net income of USD 78 million or USD 0.30 per diluted share for the same period in 2009 and adjusted net income of USD 83 million or USD 0.34 per diluted share for the third quarter of 2010. Net income attributable to the company for the fourth quarter of 2010 was USD 30 million or USD 0.12 per diluted share. This compares to net income attributable to Huntsman Corporation of USD 66 million or USD 0.26 per diluted share for the same period in 2009 and USD 55 million or USD 0.23 per diluted share for the third quarter of 2010.

Revenues for the full year 2010 were USD 9,250 million compared to USD 7,665 million for 2009. Adjusted Ebitda for 2010 was USD 872 million compared to USD 529 million for 2009. Adjusted net income for 2010 was USD 200 million or USD 0.83 per diluted share compared to adjusted net loss of USD 303 million or USD 1.30 loss per diluted shared for 2009. Net income attributable to the company for 2010 was USD 27 million or USD 0.11 per diluted share compared to USD 114 million or USD 0.48 per diluted shared for 2009.

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