NOVA Chemicals Announces H.E. Suhail Al Mazrouei as New Board Member and Chairman

Calgary, Alberta (May 18, 2015) – NOVA Chemicals Corporation (NOVA Chemicals) today announced the appointment of His Excellency Suhail Mohamed Faraj Al Mazrouei, Managing Director of International Petroleum Investment Company (IPIC) to its Board of Directors and the position of Chairman of the Board of Directors. H.E. Al Mazrouei replaces His Excellency Khadem Al Qubaisi who recently resigned from the Board of Directors. Among other leadership roles, H.E. Al Mazrouei is also UAE Energy Minister and the Chairman of several other UAE and international companies.

“NOVA Chemicals has been a very good investment for IPIC. The expansion work currently underway and future growth options are an integral part of our portfolio and vision to invest in the energy and related sectors across the globe. ” H.E. Al Mazrouei said. “I look forward to working with NOVA Chemicals’ Board, management and employees to grow the Company.”

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About NOVA Chemicals Corporation

NOVA Chemicals develops and manufactures chemicals and plastic resins that make everyday life safer, healthier and easier. Our employees work to ensure health, safety, security and environmental stewardship through our commitment to sustainability and Responsible Care®. NOVA Chemicals, headquartered in Calgary, Alberta, Canada, is a wholly owned subsidiary of International Petroleum Investment Company (IPIC) of the Emirate of Abu Dhabi, United Arab Emirates.

Visit NOVA Chemicals on the Internet at www.novachemicals.com.

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Media inquiries, please contact:
Pace Markowitz, Director, Communications
E-mail:
pace.markowitz@novachem.com

Investor Inquiries, please contact:
Tracey Simpson, Leader, External Financial Reporting
E-mail:
tracey.simpson@novachem.com

NOVA Chemicals’ logo is a registered trademark of NOVA Brands Ltd.; authorized use. Responsible Care® is a registered trademark of the Chemistry Industry Association of Canada.