DBRS Confirms AA (sf) Rating to the Trade Receivables Loan Facility of Ineos Finance (Ireland) Ltd.

DBRS, Inc. (“DBRS”) has confirmed the rating of AA (sf) to the Trade Receivables Loan Facility related to Ineos Finance (Ireland) Limited. The trade receivable transaction is administered by Citibank, N.A. The rating addresses the timely payment of interest and ultimate payment of principal.

The confirmation of the rating reflects the ongoing performance of the Trade Receivables transaction.

The principal methodology is U.S. Trade Receivables Methodology, which can be found on www.dbrs.com.

The sources of information used for this rating include parties involved in the rating, including but not limited to Ineos Finance (Ireland) Limited and Citibank, N.A. DBRS considers the information available to it for the purposes of providing this rating to be satisfactory.

Lead Analyst: Matthew La Capra
Rating Committee Chair: Jerry van Koolbergen
Initial Rating Date: 3 November 2010

This credit rating has been issued outside the European Union (EU) and is endorsed by DBRS Ratings Limited. It may be used for regulatory purposes by financial institutions in the EU.

Notes:
All figures are in U.S. dollars unless otherwise noted.