Disposal

Croda International PLC 03 March 2008 3 March 2008 Croda International Plc Sale of minority interest in Baxenden Chemicals Ltd Continuing the strategy of focusing on its core businesses, Croda International Plc announces the sale of its 46.5% interest in Baxenden Chemicals Ltd to Chemtura Corporation, the majority shareholder, for a cash consideration of £13m. Baxenden, a leading manufacturer in the specialist polyurethane industry, was part of Croda's Industrial Specialities division. The business contributed £1.1m to Group profit before tax in the year to 31 December 2007 and had a carrying value of £9.2m at the end of the year. The proceeds of the transaction will be used to reduce Group borrowings. For further information: Sean Christie, Finance Director Tel: 01405 860 551 Charlie Armitstead, Financial Dynamics Tel: 020 7269 7275 This information is provided by RNS The company news service from the London Stock Exchange
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