Resolution Performance and Capital Corporation announce the extension of their exchange offer

The exchange offer had been scheduled to expire at 5:00 P.M., New York City time, on Friday, February 15, 2002.

The terms of the New Notes to be issued in the Exchange Offer are substantially identical to the Old Notes, except that the New Notes are freely tradable by persons other than affiliates. Except for the new Exchange Offer Expiration Date, all other terms, provisions and conditions of the exchange offer that are described in the Issuers' Registration Statement on Form S-4 declared effective on January 15, 2002 will remain in full force and effect.

As of 5:00 P.M., New York City time, on the date of this release, the Issuers have been advised that holders of $74,865,000 aggregate principal amount of the Old Notes have tendered their Old Notes. This amount tendered represents approximately 99.8% of the outstanding Old Notes. Tendered Old Notes may be withdrawn at any time prior to the Exchange Offer Expiration Date.