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 Friday June 22 2001
EVC International NV comments on Italian case
Comments of a legal case in Italy investigating alleged chemical pollution and deaths resulting from chemical exposure have been published in today's edition of De Financieele Nieuwsdienst in Holland. The article refers to a EUR 37 bn damages claim against two chemical companies; Enichem and EVC. The article has incorrectly linked EVC with this claim. EVC is not a party to the legal case.

Friday May 18 2001
EVC International Annual General Meeting of shareholders
The EVC Annual General Meeting of Shareholders, held on Friday in Amsterdam, approved the appointments of Messrs Andy Currie and Willem Prinselaar as members of the Supervisory Board and Messrs Calum MacLean, John Hudson, Jeff Seed and David Thompson as members of the Management Board. The AGM also approved the issue of 4,372,075 new shares to INEOS Vinyls Holdings Limited.

Thursday March 8 2001
EVC announces opening of the subscription period
EVC is pleased to confirm that the two remaining substantive conditions for the completion of the INEOS transaction have now been met and therefore the subscription period will open on Monday 12 March. The agreements relating to EVC's revised borrowing facilities have now been received. Following the approval of the stock exchange authorities, the prospectus offering existing EVC shareholders the opportunity to subscribe for new EVC shares at Euro 4 per share will be published tomorrow 9 March.

Friday March 2 2001
EVC announces important progress in the INEOS transaction
EVC is pleased to announce that important progress has been made on the INEOS transaction. The INEOS proposal was subject to three conditions: shareholder approval, received on Monday 12 February 2001; regulatory approval, which has been received in all but one country where it is expected to be received in the coming days; and finally, agreement by EVC's lenders to revised borrowing facilities, which has been received from all lenders in principle and final documentation is to be completed very shortly.

Thursday February 15 2001
Trouble-shooters leave EVC prematurely
Jacques Hurkmans and Kenneth Tjon, the two Dutch trouble-shooters who were given the task of implementing a reorganisation at Dutch PVC resin producer EVC, have left the company after three months on the job. The EVC supervisory board recruited the two trouble-shooters in the autumn, and it was expected that the operation would last between two and three years.

Monday February 12 2001
EVC's shareholders approve EUR 75 mln equity injection by INEOS
The Extraordinary General Meeting (EGM) of EVC International NV's Shareholders has approved on Monday the terms of the proposed EUR 75 mln equity injection by INEOS Vinyls Holdings Limited. Amendments to the Articles of Association and changes to the membership of the Supervisory and Management Boards of EVC have also been approved.

Friday January 26 2001
EVC calls extraordinary general meeting of shareholders
EVC International N.V. is convening an Extraordinary General Meeting of Shareholders for 12 February 2001 to seek the approval of its shareholders to the equity injection by INEOS announced on 21 December 2000. The meeting will be held at Hotel Okura in Amsterdam starting at 10:00 a.m.. A notice has been published on Friday in Het Financieele Dagblad and De Offici‰le Prijscourant in Holland describing what further explanatory information is available for shareholders.

Thursday December 21 2000
EVC signs conditional agreement with Ineos on EUR 75 mln equity injection
EVC International and Ineos Capital Limited have signed a conditional agreement, whereby an Ineos affiliate proposes to subscribe for up to 18,750,000 newly-issued shares of EVC at a price per share in cash of Euro 4.00, representing Euro 75 million in aggregate, thereby potentially acquiring between 52.7% and 64.7% of the enlarged fully-diluted voting share capital of EVC.

Wednesday November 22 2000
EVC announces changes in management
EVC is determined to pursue these intentions and actions with priority and effort. In the subsequent discussions between the Supervisory Board and the members of the Management Board, the parties have jointly come to the conclusion that it is in the best interest of the Group and its stakeholders that the following steps be effected: Mr Ettore dell'Isola (CEO and Chairman of the Management Board) and Mr Nigel Taylor (CFO) offered their resignation as members of the Management Board.

Friday October 13 2000
EVC announces termination of discussions with Vestolit
EVC and Vestolit GmbH & KG announce that their discussions about a potential offer for EVC by Vestolit GmbH & KG have not led to a transaction. Market demand for PVC softened in the third quarter, selling prices have fallen and there has been continued pressure from input costs driven by the high price of oil.

Monday July 31 2000
EVC to talk with Vestolit
European Vinyls Corpora-tion (EVC), Europe's biggest manufacturer of PVC, will this week press on with talks with a German company, a quarter of its size, which EVC says wants to buy and de-list it. The Amsterdam-listed company is in discussions with the main shareholders of Vestolit, a privately owned PVC producer, which may lead to a cash offer, said Nigel Taylor, EVC chief financial officer.

Thursday July 27 2000
EVC positive on Vestolit merger talks
EVC International is "positive" about talks for a possible merger with Vestolit GmbH & Co KG, said Nigel Taylor, EVC's chief financial officer, after a news conference on EVC's first-half results. In line with other consolidating European chemical companies, Vestolit plans to take over other companies in addition to EVC, he said, adding Vestolit is about one quarter the size of EVC.

Wednesday April 12 2000
EVC benefits from price recovery
EVC said higher prices for PVC products worldwide have compensated for the higher cost of raw materials. EVC expects to profit from the positive market trend in the second half of 2000. In 1999 EVC reported net losses of EUR 46.9 mln, compared with losses of over EUR 100 mln in 1998. EVC booked turnover of EUR 919 mln in 1999, down from EUR 926.5 mln the previous year.

Wednesday February 23 2000
EVC 1999 net loss EUR 46.9 mln
EVC reported on Wednesday net losses for 1999 narrowed to EUR 46.9 mln, compared to a net loss of EUR 104.6 mln the company booked in 1998. Turnover decreased 1% from EUR 926.5 mln to EUR 919.1 mln. Operating losses came to EUR 37.1 from EUR 38.5 mln. Loss per share for 1999 came to EUR 3.42, compared with a loss per share of EUR 7.60 for 1998.

Friday December 10 1999
EVC sells Spanish compounds business
EVC announced on Friday that it has signed an agreement with Brussels-based Solvay Group by which Solvay Group will acquire EVC Iberia, the compounds business of EVC in Spain. EVC Iberica employs 49 people. PVC compounds are used mainly for the production of packaging, profiles, cables, pipes and accessories as well as in the automotive sector. Financial details were not disclosed.

Monday October 4 1999
EVC developes new production process
EVC announced that it has developed a new production process that would cut production costs by 25%. EVC plans to invest some USD 200 mln in a plant to exploit the new process. The company said it was looking for a capital injection and was looking for a partnership.

Wednesday September 8 1999
EVC in alliance with Bechtel
EVC announced on Tuesday that it is forming an alliance with US company Bechtel for the marketing of technology and building of industrial plants for the production of VCM from ethane. EVC said that its new Ethane-to-VCM technology looked promissing, although some technical aspects remain to be proven.

Tuesday July 27 1999
EVC H1 net loss EUR 37.2 mln
EVC reported on Tuesday net losses for the first-half of 1999 widened with EUR 35.4 mln to EUR 37.2 mln, compared with net losses of EUR 1.8 mln the company booked in the comparible period of 1998. Turnover decreased 19% from EUR 505.0 mln to EUR 411.5 mln. The company booked an operating loss of EUR 32.5, compared with a small operating profit of EUR 2.1 mln for the first half of 1998.

Tuesday July 20 1999
EVC restarts Italian PVC unit
EVC International announced on Tuesday that it is to restart its VCM and PVC manufacturing plants at Porto Marghera during this week. The plants had been shut down last month by the Italian environment ministry after an accident which released 900 kilos of vinyl chloride monomer into the atmosphere.

Wednesday February 24 1999
EVC posts operating loss
EVC booked an operating loss of NLG 84.4 mln in 1998, well above the NLG 70 mln loss the group had forecast when it made a profit warning in November.In 1997, EVC booked profit of NLG 24.9 mln. In total, EVC booked a net loss of NLG 230.5 mln on turnover down 14% at NLG 2.37 bn. The net loss includes a NLG 137.3 mln provision, mainly to fund closing the group's production site on southern Italy.

Friday November 6 1998
EVC issues profit warning
EVC International has issued a profit warning on Friday, stating that the company expects to close 1998 with a loss of NLG 70 mln due to worsening international trading conditions. Earlier EVC had forecast a considerable improvement for the second-half of 1998.

Wednesday October 21 1998
EVC scraps Norsk Hydro deal
EVC and Norsk Hydro ASA announced today that discussions regarding the proposed merger of EVC with selected assets of the petrochemical division of Norsk Hydro have terminated without reaching final agreement. This mutually agreed decision reflects differences in strategic priorities and emphasis which emerged during the detailed negotiations. The takeover would have made EVC the world's fourth biggest producer of PVC, with a workforce of 7,000 and turnover of NLG 4 bn.

Thursday July 30 1998
EVC reports H2 in the red
EVC reports a net loss of NLG 3.9 mln for the first-half of 1998, compared with a net profit of NLG 17.0 mln for the first-half of 1997. The company said the net loss was due to the Asian financial crisis. PVC prices have fallen 15% and margins are under pressure as well. Turnover decreased with 7% from NLG 1.2 bn to NLG 1.1 bn.

Monday July 6 1998
EVC acquires Norsk Hydro
EVC is acquiring the petrochemicals division of Norks Hydro. The transaction is to be financed with shares that will give Norsk Hydro a 45% stake in EVC. The partners consider the alliance as essential in order to survive the saturated European market. The takeover will make EVC one of the world's four largest PVC producers and the synergy from the EVC deal with Norsk Hydro ise expected to yield savings of NLG 80 mln a year.

Wednesday February 25 1998
EVC reports net profit NLG 32.6 mln
EVC reports a net profit of NLG 32.6 mln for 1997, including an extraordinary income of NLG 54 mln. In 1996, the company booked a loss of NLG 25 mln. Turnover increased with 13% at NLG 2.37 bn (NLG 2.09 bn). Operating profit increased from NLG 1 mln to NLG 24.9 mln. Earnings per share rose to NLG 2.34, compared with a loss per share of NLG 1.75 in 1996.

Hebels Financial Website believes the information herein was obtained from reliable sources but does not guarantee its accuracy. Neither the information nor any opinion expressed constitutes a solicitation of the purchase or sale of securities, derivatives or commodities. © 2002 Hebels Financial Website