Celanese Statement on Proposed Joint Venture with Blackstone

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DALLAS–(BUSINESS WIRE)–
Celanese Corporation (NYSE: CE), a global technology and specialty
materials company, has issued the following statement:

Celanese Corporation continues to work cooperatively with the
European Commission toward a successful close of the ongoing merger
review process of its proposed Joint Venture with Blackstone to form a
new acetate tow supplier. As part of the standard review process of a
Phase II investigation we confirm receipt of the statement of
objections. It sets out the provisional position of the Commission and
does not prejudge the final outcome of the case.

Celanese remains committed to creating an acetate tow supplier that
provides an increased ability to serve customers efficiently and
reliably, while enhancing opportunities for innovation and productivity.

About Celanese

Celanese Corporation is a global technology leader in the production
of differentiated chemistry solutions and specialty materials used in
most major industries and consumer applications. Our two complementary
business cores, Acetyl Chain and Materials Solutions, use the full
breadth of Celanese’s global chemistry, technology and business
expertise to create value for our customers and the corporation. As we
partner with our customers to solve their most critical business needs,
we strive to make a positive impact on our communities and the world
through The Celanese Foundation. Based in Dallas, Celanese employs
approximately 7,500 employees worldwide and had 2016 net sales of $5.4
billion. For more information about Celanese and our product offerings,
visit
www.celanese.com
or our blog at
www.celaneseblog.com.

All registered trademarks are owned by Celanese International
Corporation or its affiliates.

Forward-Looking Statements

This release contains “forward-looking statements,” which include
information concerning the Company’s plans, objectives, goals, and
strategies that is not historical information. All forward-looking
statements are based upon current expectations and beliefs and various
assumptions, including the announced joint venture. There can be no
assurance that the Company will realize these expectations or that these
beliefs will prove correct. There are a number of risks and
uncertainties that could cause actual results to differ materially from
the results expressed or implied in the forward-looking statements
contained in this release, including with respect to the joint venture.
These risks and uncertainties and various other factors are discussed
from time to time in the Company’s filings with the Securities and
Exchange Commission
.

Celanese Corporation
Investor Relations:
Surabhi
Varshney, +1 972-443-3078
surabhi.varshney@celanese.com
or
Media
Relations – Global:

W. Travis Jacobsen, +1 972-443-3750
william.jacobsen@celanese.com
or
Media
Relations Europe (Germany):

Jens Kurth, +49(0)69 45009 1574
j.kurth@celanese.com

Source: Celanese Corporation