LyondellBasell offers 25 million ordinary shares by Apollo

LyondellBasell offers 25 million ordinary shares by Apollo

6:16 AM, 15th February 2013
LyondellBasell offers 25 million ordinary shares by Apollo

ROTTERDAM, THE NETHERLANDS: LyondellBasell announced the pricing of an underwritten public offering of 25 million ordinary shares by certain selling shareholders that are affiliates of Apollo Management Holdings. The offering is expected to close by 19 February 2013, subject to the satisfaction of customary closing conditions.

The selling shareholders have agreed to a lock-up (subject to certain exceptions) for a period of 30 days after the date of the prospectus supplement for the offering. LyondellBasell will not receive any proceeds from the offering. The total number of LyondellBasell ordinary shares outstanding will not change as a result of the offering. Goldman, Sachs & Co acted as the sole underwriter for the offering.

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