NOVA Chemicals Files an Application to Cease to be a Reporting Issuer in Canada

Calgary, Alberta (February 26, 2013) -NOVA Chemicals Corporation (“NOVA Chemicals”) today announced that it has applied to the securities regulatory authorities in each of Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, Québec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Northwest Territories, Nunavut and Yukon for a decision that it be deemed to have ceased to be a reporting issuer in such jurisdictions. As a reporting issuer under applicable Canadian securities laws, NOVA Chemicals is subject to Canadian filing and disclosure requirements. If the decision is made, NOVA Chemicals will no longer be a reporting issuer in any jurisdiction in Canada, but will continue to comply with the reporting requirements under the trust indentures governing its debt securities, including making filings with the United States Securities and Exchange Commission.


About NOVA Chemicals

NOVA Chemicals develops and manufactures chemicals, plastic resins and end-products 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 the International Petroleum Investment Company (IPIC) of the Emirate of Abu Dhabi, United Arab Emirates.


Investor Relations inquiries, please contact:
Pace Markowitz, Director, Communications

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 in Canada.

Forward-Looking Statements: This news release contains forward-looking statements regarding NOVA Chemicals’ application to securities regulatory authorities for a decision that it be deemed to have ceased to be a reporting issuer in in any jurisdiction in Canada. By their nature, forward-looking statements require NOVA Chemicals to make assumptions and are subject to inherent risks and uncertainties. Some of the risks that could affect NOVA Chemicals’ future results are detailed in the publicly filed disclosure documents and securities commissions’ reports of NOVA Chemicals. NOVA Chemicals’ forward-looking statements are expressly qualified in their entirety by this cautionary statement. In addition, the forward-looking statements are made only as of the date of this news release, and except as required by applicable law, NOVA Chemicals undertakes no obligation to publicly update the forward-looking statements to reflect new information, subsequent events or otherwise.