Solutia Posts Third Quarter Loss

St. Louis, MO, November 7, 2007—According to a company filing with the Securities and Exchange Commission, Solutia reported a third-quarter net loss of $111 million, or $1.06 a share, swinging from net income of $39 million, or $.37 a share, in last year's third quarter.

The reported that net sales for the period ended September 30 were $961 million, up from $709 million a year earlier.

Solutia has been in bankruptcy reorganization since 2003. It has secured $2 billion in exit financing and is trying to emerge from Chapter 11 protection by the end of 2007.