The members of the new Nova Chemicals Board are:

- Gerhard Roiss, Chairman - Deputy CEO of OMV and Chairman of Borealis AG (Borealis) Supervisory Board

- Mohamed Al Mehairi, Vice Chairman - Director, Investments of IPIC, member of Borealis Supervisory Board

- David C. Davies - Chief Financial Officer (CFO) of OMV, member of Borealis Supervisory Board

- Georg F. Thoma - Shearman Sterling

- Philip J. Brown - Torys

- Mark Garrett - Chief Executive Officer (CEO) of Borealis

- Randy G. Woelfel - CEO Designate of Nova Chemicals

In addition, Nova Chemicals confirmed that November 16, is the effective date for the previously announced appointments of Randy Woelfel as CEO and Todd Karran as CFO and Treasurer.

Nova Chemicals develops and manufactures chemicals, plastic resins and end-products that make everyday life safer, healthier and easier.

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The Company said that the notes are being made available in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"), with closing expected to occur on October 16, subject to customary closing conditions.

Nova Chemicals develops and manufactures chemicals, plastic resins and end-products that make everyday life safer, healthier and easier.

((Comments on this story may be sent to health@closeupmedia.com))

"We are pleased to bring someone to Nova with the extensive industry experience of Randy Woelfel," said Mohammed Al Mehairi, Chairman of the Board of Nova Chemicals, and Director, Investments of International Petroleum Investment Company (IPIC). "Along with Borealis and Borouge, Nova Chemicals is an important part of IPIC's plans to build a new global polyolefins leader."

"I am delighted and honoured to join the Nova Chemicals team," said Woelfel. "The Company has great strengths, and with the strong commitment and backing of IPIC, I am confident Nova has an outstanding future."

Woelfel began his career with Shell Oil Company in 1977, and was a key member of the team which helped create Montell Polyolefins in 1995 - today part of LyondellBasell. He subsequently held the positions of President Basell International and President Basell North America. Most recently, Woelfel was Managing Director Energy at the Houston Technology Center and President of bioplastics developer Cereplast, Inc.

Nova Chemicals develops and manufactures chemicals, plastic resins and end-products that are designed to make everyday life safer, healthier and easier.

((Comments on this story may be sent to health@closeupmedia.com))

Mohamed Al Mehairi, Chairman of the Board of Nova Chemicals and Director, Investments of International Petroleum Investment Corp. (IPIC), said, "Chris has been an enormous support to Nova Chemicals and IPIC during the acquisition and transition period and we truly appreciate his expertise and leadership."

Nova Chemicals also announced that Todd D. Karran has been appointed as Chief Financial Officer (CFO), succeeding Larry MacDonald. Karran has been with Nova Chemicals for 24 years and is currently Treasurer and Vice President Corporate Development. Karran's new role will be effective January 1, 2010.

Chris Pappas said, "Todd is a natural choice to move into the CFO role at Nova. He has the experience and capability to be successful in the role immediately. Todd will continue to work closely with Larry MacDonald on Nova's refinancing activities and toward a seamless and successful transition."

Nova Chemicals develops and manufactures chemicals, plastic resins.

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