NEWS RELEASE

Price Increase Notice

Schenectady, NY – November 9, 2010 - SI Group, Inc., has announced a price increase of up to $.42/lb for all grades of phenolic resins. The increase will vary depending on application. The price change is effective on all shipments on or after November 22, 2010.

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 20 facilities in 12 countries around the world. For more information about SI Group, visit www.siigroup.com

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