03 March 2022

Dear Ladies and Gentlemen,

The political and economic outcomes related to current Russian aggression in the Ukraine are very dynamic and are expected to have significant impacts in the near future.

In line with our values, Prefere Resins Management has decided to stop our deliveries to Russian customers for the duration of hostilities.

Today, we can confirm that neither our raw material supply nor our ability to produce and deliver are affected by the current events. However, we will be reviewing and re-assessing the situation on a constant basis. Possible cost implications would have to be discussed separately.

We will keep you informed in case of any changes.

Best regards

The Management Team