SOLVAY RECOMMENDED TENDER OFFER FOR RHODIA: IMPLEMENTATION OF A SQUEEZE-OUT

Brussels and Paris, 13 September 2011
 
  SOLVAY RECOMMENDED TENDER OFFER FOR RHODIA: IMPLEMENTATION OF A SQUEEZE-OUT
 
In  accordance with the  intentions stated in  its offer document  and its press
release  dated  31 August  2011, Solvay  has  informed  today  the French market
authority  (AMF) of  its decision  to implement  a squeeze-out procedure for the
shares  and the bonds  convertible into and/or  exchangeable for newly issued or
existing  shares (OCEANEs) of Rhodia not  tendered to the offer in consideration
for an indemnity in cash of :
 
- EUR 31.60 per share corresponding to the price per share paid into the offer,
 
-  EUR 52,35 per OCEANE corresponding to the price per OCEANE paid in the offer,
i.e.,  EUR 52.32, increased by an  mount equal to 2.35% of  the price per OCEANE
(coupon   included),  calculated  prorata  temporis  for  the  period  from  the
settlement of the offer to the date of the squeeze-out.
 
Accordingly,  the  AMF  has  published  today  a  notice relating to the date of
implementation of the squeeze-out, i.e. 16 September 2011.
 
The  amount of the indemnification for the shares and the OCEANEs subject to the
squeeze-out  will  be  paid  on  16 September  2011 and will be transferred on a
dedicated  technical cash account  opened for that  purpose in the  books of BNP
Paribas Securities Services, in charge of the indemnification process within the
squeeze-out.
 
At  the time of the closure of the affiliates' accounts by Euroclear France, the
financial  intermediaries will require  from BNP Paribas  Securities Services an
indemnification  for the shares and the  OCEANEs registered in their books which
have  not been tendered to  the offer, and will  thus credit the accounts of the
holders  of Rhodia shares and OCEANEs for  the amount of the indemnification due
to them.
 
The  amounts corresponding to  the indemnification for  Rhodia shares and Rhodia
OCEANEs,  which will not have been  requested by the financial intermediaries on
behalf of the beneficiaries, will be kept by BNP Paribas Securities Services for
a  period of 10 years as  from 16 September 2011 and will  be transferred to the
Caisse  des dépôts  et consignations  following the  expiry of such period. Such
amounts  could be  claimed at  any time  by their  beneficiaries, subject to the
thirty-year prescription in favor of the French State.
 
The Rhodia shares and the Rhodia OCEANEs will be delisted on 16 September 2011,
date on which the squeeze-out will be implemented.
 
The  French and English  versions of the  Solvay prospectus, including the terms
for  submitting Rhodia shares to  the Offer, the French  and English versions of
Rhodia's  memorandum in response as well  as the legal, financial and accounting
disclosures  for Solvay and Rhodia  can be viewed on  the dedicated pages of the
websites   of  Solvay  (www.solvay.com/OPARhodia)  and  Rhodia  (www.rhodia.com)
respectively.
 
SOLVAY  is an  international industrial  Group active  in Chemistry. It offers a
broad  range of products  and solutions that  contribute to improving quality of
life.  The Group is headquartered in Brussels and employs about 14,800 people in
40 countries.  In  2010, its  consolidated  sales  amounted  to EUR 7.1 billion.
Solvay  is listed on the NYSE Euronext stock exchange in Brussels, Belgium (NYSE
Euronext: SOLB.BE - Bloomberg: SOLB.BB - Reuters: SOLBt.BR).
 
Rhodia,  as  a  leading  chemicals  company  in  each  of  its businesses, is an
international  company firmly committed to  sustainable development. The company
focuses  on operational  excellence and  innovation on  behalf of its customers.
Rhodia  is  organized  around  11 businesses  within 5 divisions supplying large
companies  in the automotive, electronics, perfume, healthcare, beauty products,
detergent,  industrial  products  and  retail  sectors. The company posted 2010
revenues of EUR 5.23 billion and currently employs some 14,000 people worldwide.
Rhodia is listed on Euronext Paris.
 
For additional information about the offer, please contact:
 
Individual shareholders in France    institutional shareholders
 
Toll free number: 0800 525 525       Orient Capital Ltd,
                                      Institutional Investor Information Agent
 
 Internet: www.solvay.com/OPARhodia   David Chase Lopes: +33 1 40 67 15 76 or
                                      +44 207 776 7578
 
 Internet: www.rhodia.com             Sheryl Cuisia: +44 207 776 7584
 
Individual shareholders In the USA
 
Internet: www.solvay.com/OPARhodia
Internet:www.rhodia.com
 
For additional information, please contact:
 
 Erik De Leye                 Lamia Narcisse
 
 Corporate Press Officer      Corporate Media Relations
 
 SOLVAY S.A.                  Rhodia
 
 +32 2 264 1530               +33 1 53 56 59 62
 
 erik.deleye@solvay.com       lamia.narcisse@eu.rhodia.com
 
Patrick Verelst              Maria Alcon Hidalgo
 
 Head of Investor Relations   Investor Relations
 
 SOLVAY S.A.                  Rhodia
 
 +32 2 264 1540               +33 1 53 56 64 89
 
 patrick.verelst@solvay.com   maria.alcon-hidalgo@eu.rhodia.com
 
Press Release: 
http://hugin.info/133981/R/1546264/474393.pdf
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Solvay S.A. via Thomson Reuters ONE
 
[HUG#1546264]