Celanese Corporation Reports Strong Third Quarter Results; Raises Outlook for Full Year 2007

Dallas, Oct. 22 - Celanese Corporation today reported strong overall performance with net sales of $1,573 million for the quarter, a 7 percent increase from the prior year. Higher pricing on continued robust global demand for Acetyl Intermediates products and sales from the recently acquired Acetate Products Limited (APL) business drove the increased revenue. Additionally, net sales benefited from increased volume in Advanced Engineered Materials, the successful startup of the company's acetic acid unit in Nanjing, China and the favorable effect of foreign currency exchange across all businesses. Volumes in Acetyl Intermediates and Industrial Specialties were lower due to the unplanned outage of the acetic acid unit at the company's Clear Lake, Texas facility which restarted in early August. Operating profit decreased to $147 million from $172 million in the prior year period, primarily due to increased other charges and a loss on sale related to the AT Plastics Films business. Net earnings were $128 million compared with $109 million a year ago, primarily due to U.S. GAAP treatment of taxes in the quarter.

Third quarter highlights:

• Net sales increased 7% to $1,573 million from prior year
• Operating profit decreased 15% to $147 million
• Net earnings increased 17% to $128 million
• Operating EBITDA increased to $302 million from $296 million in prior year
• Diluted EPS increased 19% to $0.76
• Adjusted EPS increased to $0.73 from $0.71 in prior year
• 2007 adjusted earnings per share outlook raised to between $3.10 and $3.20 from previous guidance of between $2.85 and $3.00