Wellman to Leave NYSE

Fort Mill, SC, December 5, 2007--The New York Stock Exchange will suspend trading of Wellman Inc.’s common stock prior to the market opening on December 10 and will move to delist the stock.

The decision was made because the average closing price of Wellman’s common stock for a consecutive 30-day trading period was lower than $1, which is the NYSE’s minimum share price listing standard, and because the company's market capitalization was below $25 million.

Wellman has decided not to appeal the decision and expects to be traded on the over-the-counter markets. This decision, the company said, should not impact its financial status or the way it conducts business.

Wellman, Inc. manufactures and markets polyester products.