Market Overview

Hexion and Vanora Create a New Biocide-Free Waterborne Binder Solution for the Paint and Coatings Industry

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VeoVa™ vinyl ester monomer from Hexion Inc. ("Hexion" or the "Company")
is a key component in a new specialized binder developed by Vanora for
the paint and coatings industry that is environmentally preferred for
having no volatile organic compounds (VOCs).

Vanora, an innovative polymer dispersion manufacturer located in
Sempach, Switzerland, leveraged Hexion's VeoCryl technology, which
combines VeoVa™ vinyl ester and acrylate monomers, to develop a
biocide-free dispersion. Biocides are the active chemical molecules that
can be used to control or inhibit harmful microorganism growth.

The new dispersion known as DXV.4229 contains waterglass, also known as
sodium silicate, to increase the pH and a stabilized hydrophobic polymer
based on VeoVa vinyl ester. VeoVa vinyl ester provides both alkaline and
water resistance, while the water glass ensures good water vapor
diffusion. DXV.4229 is suitable for use in indoor and outdoor paints and
plasters.

"Hexion was pleased to cooperate with Vanora to create a biocide-free
alternative for water-based industrial paints," said Harold Schweitzer,
Vice President and General Manager, Versatic™ Acids & Derivatives.
"Importantly, the binder DXV.4229 does not emit VOCs and this technology
meets the growing need for a sustainable solution in response to recent
stringent legislation in Europe that limit the use of biocides in paints
and coatings."

About Hexion

Based in Columbus, Ohio, Hexion Inc. is a global leader in specialty
chemicals. Hexion Inc. serves multiple global markets such as the
automotive, paints, coatings, wood and industrial markets through a
broad range of specialty products and technical support for customers.
Hexion Inc. is controlled by investment funds affiliated with Apollo
Global Management, LLC. Additional information about Hexion Inc. and its
products is available at www.hexion.com.

About Vanora

VANORA – where the chemistry for innovative dispersions is alive.

Vanora is a Swiss resin producer located in Sempach Station. According
to our values exclusive – individual – visionary we develop and
sell unique and "by design" dispersions to the paint and coating
industry. The dynamic and smart VANORA team with over 60 years of
experience understands the market needs and is extremely strong in
implementing creative solutions.

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