Chemspec International Limited Shareholders Vote to Approve Merger

Chemspec International Limited

announced today that, at an extraordinary general meeting held today, the Company's shareholders voted in favor of the proposal to adopt the previously announced agreement and plan of merger, dated as of March 21, 2011, by and among Halogen Limited, a Cayman Islands company beneficially owned by Dr. Jianhua Yang, chairman of the board of directors and chief executive officer of the Company, and Primavera Capital Fund I L.P., Halogen Mergersub Limited, a Cayman Islands company wholly owned by Parent, the Company and Dr. Jianhua Yang, pursuant to which Merger Sub will be merged with and into Chemspec with Chemspec surviving the merger as a wholly owned subsidiary of Parent. Approximately 94.4% of the Company's total outstanding ordinary shares voted in person or by proxy at today's extraordinary general meeting. Of the ordinary shares voted in person or by proxy at the extraordinary general meeting, approximately 98.6% were voted in favor of the proposal to adopt the Merger Agreement. The proposal to adopt the Merger Agreement was also approved by approximately 96.5% of the unaffiliated ordinary shares voted in person or by proxy at the extraordinary general meeting, satisfying the "majority of the minority" voting requirement set forth in the Merger Agreement.