ADVANSA INCREASES ITS PRICES IN ACCORDANCE
WITH MARKET CONDITIONS

Hamm, GERMANY, July 9th, 2008: Advansa - ADVANSA, the largest polyester fibre
manufacturer in Europe, announces today that due to the recent increase in Paraxlyene (PX),
it will raise its prices to correspond with current market conditions.

Following recent price increases in raw materials, energy, and other cost elements, the price
of Paraxylene (PX) has reached levels at 100€/ton above any expectations for the month of
July 2008.  Such price levels of Paraxylene (PX) are forcing the polyester industry to react.

In order to secure a viable business, Advansa will thus increase its prices by 0.10 €/Kg with
immediate effect on top of all current agreements.

According to Heinz Meierkord, ADVANSA’s Vice President Marketing & Sales: “I know that
this increase will put many businesses into equal difficult situation. However, in order to
maintain a functional industry, these cost increases have to go down the value chain now.”