LYO Lyondell Chemical

HOUSTON, March 1 /PRNewswire/ -- Millennium America Inc. announced today the completion of its cash tender offer for any and all of its 7.00% Senior Notes due 2006 ("Notes"). The offer expired at 12:00 midnight EST on Tuesday, February 28, 2006, with $148,558,000 in aggregate principal amount of Notes (approximately 93.9% of outstanding Notes) tendered and accepted for purchase under the terms of the offer and an aggregate principal amount of $9,735,000 (approximately 6.1% of Notes) remaining outstanding. Banc of America Securities LLC served as the exclusive dealer manager for the offer. This press release is neither an offer to purchase, nor a solicitation for acceptance of an offer to purchase securities. Millennium is making the offer only by, and pursuant to the terms of, the Offer to Purchase. Millennium America Inc. is a wholly owned subsidiary of Millennium Chemicals Inc., a major international producer of chemicals including titanium dioxide (TiO2). Millennium Chemicals Inc. is a wholly owned subsidiary of Lyondell Chemical Company (NYSE:LYO). DATASOURCE: Millennium Chemicals Inc. CONTACT: media, Lisa M. Martin, +1-713-309-4890, or investors, Doug Pike, +1-713-309-7141, both for Millennium Chemicals Inc. Web site: http://www.lyondell.com/

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