Solutia Bankruptcy Reorganization Plan Confirmed

St. Louis, MO, November 29, 2007—U.S. Bankruptcy Court for the Southern District of New York has confirmed Solutia Inc.’s plan of reorganization.

"While this has been a long process, we have used our time in Chapter 11 to truly transform and revitalize Solutia - shaping a strong portfolio of businesses, shedding $1.3 billion in liabilities, and growing the company by $1 billion in sales while more than doubling our earnings,” said CEO Jeffry N. Quinn.

Quinn added, "We are pleased to have gained confirmation of a plan of reorganization that was supported by all of the major constituents in our case and that provides for significant creditor recoveries."

The company anticipates that it will emerge from bankruptcy in late December or January.