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Press release from PR Newswire

LyondellBasell to Exercise Bond Option

Wednesday, March 30, 2011

LyondellBasell to Exercise Bond Option09:52 EDT Wednesday, March 30, 2011ROTTERDAM, Netherlands, March 30, 2011 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced that it has given notice to redeem $202.5 million of 8 percent senior secured dollar notes and 33.75 million euro of 8 percent senior secured euro notes maturing in 2017, pursuant to the terms of the indenture.  Each action represents repayment of 10 percent of the outstanding bonds.LyondellBasell (NYSE: LYB) is one of the world's largest plastics, chemical and refining companies.  The company manufactures products at 58 sites in 18 countries.  LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.  More information about LyondellBasell can be found at www.lyondellbasell.com.Media Contact:David A. Harpole +1 713-309-4125 Investor Contact:Douglas J. Pike +1 713-309-7141SOURCE LyondellBasell