NEWS RELEASE

Price Increase Notice

SCHENECTADY, NY – July 8, 2009 - SI Group, Inc., has announced a price increase up to $.11/lb for all grades of phenolic resins on shipments on or after August 1,2009. This adjustment is primarily based on the continued escalation of raw material feedstocks.

About SI Group

SI Group is a family-owned company founded in 1906 and headquartered in Schenectady, New York. A leading global manufacturer of alkylphenols, phenolic resins and other chemical intermediates, SI Group has over 19 operations in 13 countries around the world. For more information about SI Group, visit www.siigroup.com.

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