Chemrez Technologies Intends to Voluntarily Delist

22 September 2014 - Chemrez Technologies, Inc. intends to voluntarily delist from the
Philippine Stock Exchange should its public float fall below the minimum 10%
requirement following the completion of the tender offer by its parent company, D&L
Industries.

The tender offer was announced on 01 September by D&L Industries, which currently owns
34.7% of Chemrez Technologies, to purchase up to 850.39 million shares of the Company,
equivalent to 65.3% of its issued and outstanding capital. The tender offer price is P6.00 per
share, which is 24% above the 60-day moving average of the Companys share price as of
29 August. The tender offer started last 04 September and will run until 03 October.

All of Chemrez Technologies principal stockholders, executive officers, and affiliates, have
advised that they have already tendered all of their currently owned shares in the offer.

If, as result of the tender offer, the ownership falls below the minimum public ownership
requirement of 10% as mandated by the PSE, Chemrez Technologies will most likely
initiate voluntary delisting rather than wait for the Philippine Stock Exchange to institute
involuntary delisting. Further note that there is no intention to turn the Company into a listed
shell entity.

This offer provides the final attractive opportunity for the remaining minority shareholders
to fully realize their profits. Should the company elect to delist and have its shares no longer
traded on the PSE, the ability to quickly liquidate the shares may be diminished in the
absence of a healthy marketplace. Delisting would certainly reduce the shares
marketability. Also, trading of shares of a private company entails higher taxes as capital
gains tax and documentary stamp tax on every sale, barter, exchange or other disposition of
shares of Chemrez shall be imposed, according to Chemrez Technologies Treasurer and
Chief Finance Officer Alvin D. Lao.




Chemrez Technologies is a leading manufacturer of resins, oleochemicals, and specialty
products in the Philippines. It is 34%-owned by D&L Industries. As part of a diversified
group, it has vast resources and experiences in various technologies including: colorants,
polymers, biopetroleum, oleochemicals, powder coating, food, oil & gas, and water
treatment among others. The company implements an Integrated Management System
(IMS) to ensure the highest standards for product quality and care for customers, employees,
and the environment. Furthermore, it implements the guidelines of Responsible Careand
espouses the principles of Green Chemistry. Chemrez is listed in the Philippine Stock
Exchange. For more information, please visit www.chemrez.com.

D&L Industries is a Filipino company engaged in product customization and specialization
for the food, plastics, and aerosol industries. The companys principal business activities
include manufacturing of customized food ingredients, specialty raw materials for plastics,
and oleochemicals for personal and home care use. Established in 1963, D&L has the largest
market share in each of the industries it serves, as well as longstanding customer
relationships with the Philippines leading consumer and chemical companies. It was listed
on the Philippine Stock Exchange in December 2012. For more information, please visit
www.dnl.com.ph.



INVESTOR RELATIONS CONTACT:
Nikka Maloles
Investor Relations Officer
+632 635 0680 loc 150
debmaloles@dnl.com.ph