LyondellBasell Industries NV (LYB)

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LyondellBasell Board Authorizes Dividend Increase

LyondellBasell (NYSE: LYB) today announced that its Supervisory Board has authorized the company's Management Board to declare a dividend of $0.20 per share, double the amount of the company's initial dividend paid in May 2011. The dividend of $0.20 per share will be paid on Sept. 7, 2011 to shareholders of record as of Aug. 17, 2011, subject to the adoption of a resolution by the Management Board, which is expected to occur on August 17.

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.