October 5, 2007
Dear Valued Supplier:
At Lyondell Chemical Company, we are committed to conducting business according to the highest legal and ethical standards. We have a Business Ethics and Conduct Policy which outlines our commitment. We expect not only our employees but also our suppliers to abide by this policy. With the approaching holiday season, it seems timely to communicate Lyondell's policy regarding gifts and entertainment.
Lyondell, Equistar and Millennium employees may not request, accept or give to a supplier anything (including money or gifts) that could reasonably be construed to influence the Company's business relationships. This also applies to family members of Lyondell, Equistar and Millennium employees. Gifts include not only material goods but also services, promotional premiums or discounts on personal purchases of goods and services. In addition to asking you to respect this policy when dealing with our employees, it is also our expectation that you will bring to our attention any ethics or compliance issues that are in conflict with the statement above.
If you are concerned about what appears to be an inappropriate situation, you may contact our Senior Compliance Manager Susan Tanner, at 1.713.309.7103. Or, you may contact us anonymously by using our Compliance Hotline, which is available 24 hours a day, by calling 1.800.269.2837 (United States). Outside the United States, please call the compliance number specified for your country in the "Compliance Hotline Document" available on www.lyondell.com (follow the path to "Investor Relations" then "Corporate Governance"). You may also send an email to ethics.policy@lyondellbasell.com.
The management and employees of Lyondell, Equistar and Millennium place a high value on conducting business in an ethical and responsible manner. We want to conduct our business with suppliers who share our business values. We thank you for your support and look forward to working together in the future.
Sincerely,
Dan F. Smith
Chairman, President and Chief Executive Officer