SOLVAY TO CREATE WITH RHODIA A MAJOR PLAYER IN CHEMICALS - A GLOBAL LEADER IN THEIR BUSINESSES

Solvay will launch a friendly cash Offer for Rhodia at EUR 31.60 per share (ex-dividend of EUR 0.5). Creation of a new group with sales of EUR 12 billion and REBITDA of EUR 1.9 billion. The transaction will be net profit accretive from 2011