January 18th, 2017

Shell Announces Polyol Increase

January 18, 2017

CARADOL® Polyol Price Increase

Effective February 15, 2017, or as contracts will allow, Shell Chemical LP will
increase prices as follows:

CARADOL® Polyol prices will increase US $0.06/lb.

Please contact your Shell Sales Executive should you have any questions regarding
this announcement.

Thank you for your continued business and support.