TPC Group Urges Holders to Approve Deal with First Reserve Corp., SK Capital Partners

Following the announcement made by Innospec Inc.

("Innospec") this morning that it will not submit a definitive proposal to acquire TPC Group Inc.

, TPC Group's Board of Directors urges all stockholders to take prompt action to vote FOR the adoption of the merger agreement with First Reserve Corporation and SK Capital Partners, under which stockholders will receive $45.00 per share in cash. On November 29, 2012, Institutional Shareholder Services recommended stockholders vote FOR the proposed transaction with First Reserve and SK Capital.