NEWS RELEASE

Price Increase Notice

SCHENECTADY, NY – February 8, 2010 – SI Group, Inc., has announced a price increase up to $.15/lb for all grades of phenolic resins. The increase will vary depending on formulation. The price change is effective on all shipments on or after February 16,2010. This adjustment is primarily due to the continued steep escalation of raw material feedstock's.

About SI Group

SI Group is a family-owned company founded in 1906 and headquartered in Schenectady, New York. A leading global developer and manufacturer of phenolic resins, alkylphenolic resins, alkylated phenols and other chemical intermediates, SI Group operates 19 facilities in 12 countries around the world. For more information about SI Group, visit www.siigroup.com

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