SOLVAY IN ACTION - DECEMBER 2015

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Dear Shareholders,

With the Holiday season upon us, this naturally calls for celebration. And this year especially, there is definitively cause for it!

This December issue of SOLVAY IN ACTION highlights the successful completion of the capital increase undertaken to finance the acquisition of Cytec. By largely subscribing to the capital increase, you have expressed your confidence in this transforming project that underpins tomorrow's Solvay. 

We take this opportunity to welcome our new shareholders and genuinely thank you for your trust and loyalty.

This issue also features Solvay’s commitment to provide innovative materials, ensuring the future of batteries, and unveils the long-awaited outcome of the Chemistry for the Future Solvay Prize’s Ceremony.

Seasons greetings to you all and best wishes for 2016 !

Solvay Investor Relations team

Successful completion of the capital increase

Dear Sir, 
Dear Madam, 
Dear Shareholder, 

Solvay has just announced the successful completion of the €1.5 billion capital increase we have undertaken to finance the acquisition of US company Cytec. By subscribing in large numbers to this operation, you have showed your confidence in this ambitious project destined to build tomorrow's Solvay. We would like to thank you for your participation and cooperation and we also welcome our new shareholders.

Solvay is now a global player in lightweighting materials for the aerospace industry. The Group has also expanded its product offering with high-tech materials for the automotive industry, and enhanced its expertise and knowledge in specialty formulations. This gives Solvay an unparalleled range of sustainable COemission reduction solutions.

We are already working closely together with the Cytec teams to achieve a fast and efficient integration of activities, the key to the success of this acquisition. The strong synergies between the two companies and the exchange of expertise and talent will create many opportunities for growth, innovation and development for all our stakeholders. With Cytec, which will be fully integrated into the Group's accounts from January 1, 2016, Solvay will realize about a quarter of its turnaround in the automotive and aerospace industries. 
Solvay expects to generate a minimum of €100 million of synergies per year within the next three years. The transaction will be accretive to adjusted earnings and free cash flow after year two, as well as to ROI in the medium term. 

In the name of all Solvay teams that worked on this project, I would like to thank you for the confidence you have shown in us, a confidence that allows us to take this decisive step in our transformation. 

I wish you, dear Sir, Madam and Shareholder, a lovely festive season as well as a year ahead full of promise and success. 

JPC
Yours sincerely, 

Jean-Pierre Clamadieu
President of the Executive Committee and Chief Executive Officer