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Price increase announcement

29 January 2021

Melsele, 29 January, 2021 - As the worldwide market leader for EVOH development and sales, Kuraray continues to supply EVAL™ EVOH resin from Europe's largest production site. EVAL Europe N.V. started with a production capacity of 10,000T in 1999, which after the most recent expansion in 2017, now stands at 35,000T/year.

We remain committed to delivering highest value, product availability and quality to all our customers.

Effective February 22, 2021 or as contracts allow, EVAL Europe N.V. is announcing a price increase for all EVAL™ EVOH resin grades, including service products (ETC and GF), by 0.18 €/kg.

If you have any questions about this announcement, please contact your sales representative for clarification.

About Kuraray

Founded in 1926, Kuraray Co., Ltd is a world leader in specialty chemicals, polymers, fibers and textiles. Headquartered in Tokyo, Japan, Kuraray has over 10,000 employees worldwide.

Kuraray has been manufacturing and marketing ethylene vinyl-alcohol copolymers (EVOH) under the name EVAL™ since 1972, and remains the world leader in EVOH production and market development. EVAL™ EVOH is one of Kuraray's core businesses and is produced globally in Europe, America and Asia-Pacific. The sales and technical development of EVAL™ EVOH is supported by specialized local teams in each region.

In Europe Kuraray operates the region's largest EVOH production site, with a capacity of 35,000 tons per year in Zwijndrecht (Antwerp), Belgium.