Braskem Announces EBITDA of R$4.1 Billion in 2010, Up 27% From 2009

SAO PAULO, March 17, 2011 /PRNewswire/ --

BRASKEM S.A. (BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for 4Q10 and FY2010.

HIGHLIGHTS:

    
    -- Braskem consolidated EBITDA stood at R$ 1.1 billion in the last 
       quarter of the year.
    -- Quattor's crackers operated at capacity utilization rates above 90% in
       4Q10, led by the Rio de Janeiro unit (former Riopol), which recorded 
       an average utilization rate of 93%, making Quattor EBITDA reach R$361 
       million in 2010, for EBITDA margin of 20.2%.
    -- Braskem posted record-high production volume in October and December 
       at its Polyethylene plants in the Triunfo Petrochemical Complex.
    -- New synergies resulted from Quattor acquisition were identified and 
       are expected to total R$495 million in annual and recurring EBITDA to 
       be fully captured by 2012. For 2011, R$377 million are estimated to be 
       captured.
    -- Braskem's net debt/EBITDA ratio maintained its downward path to reach
       2.43x, down 8% from 3Q10 and 32% in relation to 2009.
    -- The restructuring of Braskem debt profile lengthened its average debt
       term to 12.5 years, with a cost of debt around 6.6% in dollar terms 
       and 83.4% of CDI in Brazilian real.
    -- Braskem recorded net income of R$1.9 billion in 2010, and, based on
       this result, the Company's management is proposing the distribution of 
       R$666 million in dividends, or 40% of adjusted net income.
    -- On February 23, 2011 the Board of Directors of the Administrative
       Council of Economic Defense (CADE - Brazil's Antitrust Authority) 
       fully approved the acquisition of Quattor Participacoes S/A, Unipar 
       Comercial e Distribuidora S.A. and Polibutenos S/A Industrias 
       Quimicas.

The full earnings release is available on the Company's IR website: http://www.braskem.com.br/ir

Braskem will host conference calls to discuss 4Q10 and FY2010 results TOMORROW, March 18, 2011, at 11:00 a.m. ET in English and 9:00 a.m. ET in Portuguese. See connecting details on the Company's IR website.

    
    For further information, contact Braskem's Investor Relations Area:

    Luciana Paulo Ferreira, +55-11-3576-9178, luciana.ferreira@braskem.com.br
    Roberta Pimphari Varella, +55-11-3576-9266, 
     roberta.varella@braskem.com.br
    Daniela Balle de Castro, +55-11-3576-9615, daniela.castro@braskem.com.br
    Marina Dalben, +55-11-3576-9716, marina.dalben@braskem.com.br
    Isabella Alves, +55-11-3576-9010, isabella.alves@braskem.com.br