DKSH : Enters Distribution Agreement with Hexion Inc. in Indonesia

Media release

DKSH Enters Distribution Agreement with Hexion Inc. in Indonesia

DKSH has signed a distribution agreement with Hexion Inc., a leading global producer of adhesives and performance materials, in Indonesia. By distributing Hexion's Versatic™ acids and derivatives, DKSH will boost business opportunities and market growth for the partnership across the region.

Jakarta, Indonesia, November 1, 2023 - DKSH's Business Unit Performance Materials, a leading distributor of specialty chemicals and ingredients, will provide market analysis and research, marketing, sales, logistics, and distribution services for Hexion Inc.'s range of Versatic™ acids and derivatives in Indonesia.

Hexion's Versatic™ acids and derivatives portfolio includes Cardura™ glycidyl ester and VeoVa™ vinyl esters. These specialty monomers provide significant performance advantages for finished coatings, including superior adhesion, hydrolytic stability, water resistance, appearance, and ease of application. Applications for these specialty monomers include decorative, automotive, and protective coatings as well as other uses such as adhesives and intermediates.

DKSH is entrusted to grow Hexion's Versatics business across Indonesia due to its extensive distribution network, knowledgeable commercial and technical teams, strong capabilities in logistics, and its value- added services, including market research and analysis.

Atul Nagarkar, Vice President, Global Specialty Chemicals Industry, DKSH, added: "We are pleased to expand Hexion's Versatics business in Indonesia. Our strong local presence and value-added services will enable Hexion Inc. to further penetrate the Indonesian market and boost the market growth of its Versatic™ acids and derivatives in the region."

About Hexion

Based in Columbus, Ohio, Hexion Inc. is a leading global producer of adhesives and performance materials. Hexion provides specialty products and technical support for customers in a diverse range of applications and industries, such as construction, furniture, energy and automotive. Building on over a century of experience, Hexion is working to preserve the Earth's natural resources, meet the needs of growing populations and respond to a changing climate. Learn more about Hexion and its commitment to sustainability at www.hexion.com.

About DKSH

DKSH's purpose is to enrich people's lives. For more than 150 years, we have been delivering growth for companies in Asia and beyond across our Business Units Healthcare, Consumer Goods, Performance Materials, and Technology. As a leading Market Expansion Services provider, we offer sourcing, market insights, marketing and sales, eCommerce, distribution and logistics as well as after-sales services. DKSH is a participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business. Listed on the SIX Swiss Exchange, DKSH operates in 37 markets with 32,600 specialists, generating net sales of CHF 11.3 billion in 2022. The DKSH Business Unit Performance Materials distributes specialty chemicals and ingredients for food, pharmaceutical, personal care, and various industrial applications. With 53 innovation centers and regulatory support worldwide, we create cutting-edge formulations that comply with local regulations. With around 1,650 specialists, the Business Unit generated net sales of CHF 1.5 billion in 2022. www.dksh.com/pm

For further information, please contact:

DKSH Performance Materials

Daniel Hollister

Director, Group Marketing Phone +44 20 8879 5500 daniel.hollister@dksh.com

Hexion John Kompa

Vice President, Investor Relations & Public Affairs Phone +1 61 4225 2223 john.kompa@hexion.com

2