News Column

OCI NV Announces Proposed IPO of Beaumont Business

Jun 5 2013 12:00AM



CAIRO, EGYPT -- (Marketwired) -- 06/05/13 --

Amsterdam, the Netherlands / 5 June, 2013 8:00 AMOCI N.V. Announces Proposed Initial Public Offering of BeaumontMethanol and Ammonia Production BusinessOCI N.V. today announced that it intends to contribute its methanol andammonia facility near Beaumont, Texas to a newly formed limitedpartnership (the "MLP") and that it expects the MLP to file aregistration statement with the U.S. Securities and Exchange Commissionto register an initial public offering (the "IPO") of common units tobe issued by the MLP. OCI N.V. expects that the initial filing of theregistration statement will occur in June 2013.Subject to market conditions and final approval by OCI N.V.'s board ofdirectors, OCI N.V. anticipates that a minority interest in the MLPwill be offered in the IPO in the second half of 2013. The purpose ofthe IPO is to raise proceeds to repay outstanding indebtedness of theMLP and to fund expenditures relating to the Beaumont facility'splanned debottlenecking project. Additional information will beincluded in the registration statement once publicly filed. DISCLOSURES UNDER RULE 135A registration statement relating to the common units of the MLP to besold in the IPO is expected to be filed with the Securities andExchange Commission, but has not been filed or become effective. Thisannouncement does not constitute an offer to sell, or the solicitationof an offer to buy, any securities. This announcement is being issuedpursuant to, and in accordance with, Rule 135 under the Securities Actof 1933, as amended.CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995This news release contains certain forward-looking statements withinthe meaning of Section 27A of the Securities Act of 1933, as amended,and Section 21E of the Securities Exchange Act of 1934, as amended,which are intended to be covered by the safe harbors created thereby.Words and phrases such as "is anticipated,""is estimated,""isexpected,""is planned,""is scheduled,""istargeted,""believes,""intends,""objectives,""projects,""strategies" andsimilarexpressions are used to identify such forward-looking statements.However, the absence of these words does not mean that a statement isnot forward-looking. Forward-looking statements relating to theexpected filing of the registration statement with respect to the IPOof the MLP, the expected timing of the completion of the IPO of the MLPand the purpose of the IPO are based on management's expectations,estimates and projections about the MLP and OCI N.V.'s industry ingeneral on the date this news release was prepared. These statementsare not guarantees of future performance and involve certain risks,uncertainties and assumptions that are difficult to predict, includingthe risks related to prevailing conditions in the U.S capital marketsand the risk that the IPO may not occur. Therefore, actual outcomes andresults may differ materially from what is expressed in suchforward-looking statements. OCI N.V. is under no obligation (andexpressly disclaims any such obligation) to update or alter itsforward-looking statements, whether as a result of new information,future events or otherwise.About OCI N.V.:OCI N.V. is a global nitrogen-based fertilizer producer and engineering&construction contractor based in the Netherlands. The FertilizerGroup owns and operates nitrogen fertilizer plants in the Netherlands,the United States, Egypt and Algeria and has an internationaldistribution platform spanning from the Americas to Asia. TheFertilizer Group ranks among the world's top fertilizer producers witha fertilizer production capacity of nearly 7 million metric tons. TheConstruction Group provides international engineering and constructionservices primarily on infrastructure, industrial and high-endcommercial projects in the United States, Europe, the Middle East,North Africa and Central Asia for public and private clients. TheConstruction Group ranks among the world's top global contractors. OCIN.V. employs more than 75,000 people in 35 countries around the globeand is listed on the NYSE Euronext in Amsterdam.For additional information contact:Investor Relations Department: For additional information on OCI N.V.:Omar Darwazah Mijnweg 1,Erika Wakid 6167 AC Geleen, The NetherlandsHassan BadrawiDirector OCI N.V. stock symbols: OCI / OCI.NA / OCI.AS / OCINYTel: +202 2461 1036/0727/0917Fax: +202 2461 9409 This information is provided by RNS The company news service from the London Stock ExchangeEND

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