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Elementis PLC (ELM)

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Wednesday 11 November, 2009

Elementis PLC

Elementis plc - EU communication on heat stabil...





11 November 2009

Following the press release issued by the EU Commission today
relating to its investigation into heat stabilisers, Elementis ("the
Company") confirms that it has received a communication from the
Commission regarding the imposition of a fine on Elementis and
others. The communication states that the Commission is imposing a
fine of Euro 14,309,000 on Elementis and a further fine of Euro
18,266,000 jointly and severally on Elementis, Akcros Chemicals Ltd
and other companies owned by Akzo Nobel. The Company's share of the
latter fine has yet to be determined.

Elementis and its affiliates no longer manufacture such products and
have not done so since 1998, when the Company disposed of its 50%
joint venture interest in Akcros Chemicals to Akzo Nobel, the other
50% joint venture owner. The Company intends to appeal the decision
of the Commission to impose a fine and will vigorously defend its
position that the Commission is precluded from imposing any fine on
Elementis or its affiliates. Elementis' policy is to conduct its
business in full compliance with all applicable competition laws.

Payment of any fine, up to the amounts indicated above, will be met
from within Elementis' existing debt facilities and banking
covenants.

Enquiries:


Elementis plc               Tel: +44 (0)20 7408 9302
Brian Taylorson
Finance Director

Financial Dynamics          Tel: +44 (0)20 7831 3113
Greg Quine

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