Huntsman Completes the Acquisition of CVC Thermoset Specialties

THE WOODLANDS, Texas – Huntsman Corporation (NYSE: HUN) today announced that it has completed the acquisition of CVC Thermoset
Specialties, a North American specialty chemical manufacturer serving the industrial composites, adhesives and coatings markets. Huntsman
acquired the business from Emerald Performance Materials LLC, a majority-owned affiliate of American Securities LLC, for approximately $300
million, subject to customary closing adjustments. The all-cash transaction was funded from available liquidity.

The acquisition of CVC Thermoset Specialties, with its highly specialized toughening, curing and other additives used in a wide range of
applications and markets, is strongly aligned with Huntsman’s strategy of growing its specialty Advanced Materials portfolio. CVC Thermoset
Specialties has annual revenues of approximately $115 million with manufacturing facilities located in Akron, Ohio, and Maple Shade, New

Scott Wright, President of Huntsman’s Advanced Materials division, commented: “These products deliver enhanced performance, such as
durability, flexibility, and chemical, crack and impact resistance, in harsh environments. Its applications make vehicles, aircraft, infrastructure
and electronics lighter, stronger and last longer. Not only will this acquisition strengthen Advanced Materials’ position in North America, it offers
products and technologies that we intend to rapidly grow and globalize by utilizing our existing asset footprint and routes to market in Europe
and Asia. We expect to achieve approximately $15 million of annualized synergies within two years.”

Peter Huntsman, Chairman, President and CEO, further commented: “This acquisition provides unique technology, cost efficiency, an expanded
custo mer base, and greater shareholder value. We look forward to continuing to expand through transactions such as this.”

About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2019 revenues of
approximately $7 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse
range of consumer and industrial end markets. We operate more than 70 manufacturing, R&D and operations facilities in approximately 30
countries and employ approximately 9,000 associates within our four distinct business divisions. For more information about Huntsman, please
visit the company’s website at

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Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These statements are based on management’s current beliefs and expectations. The
forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may
affect the company’s operations, markets, products, services, prices and other factors as discussed under the caption “Risk Factors” in the
Huntsman companies’ filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, bu t are not
limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities,
reorganization or restructuring of Huntsman’s operations, including any delay of, or other negative developments affecting the ability to
implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize
anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The
company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise
required by applicable laws.

Gary Chapman
(281) 719-4324

Investor Relations:
Ivan Marcuse
(281) 719-4637