Solutia Completes Offering of 20,564,891 Shares at $5 Per Share

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Stonemartin	LSE:SOA	London	Ordinary Share	GB0009136580	ORD 1P

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

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ST. LOUIS, June 18 /PRNewswire-FirstCall/ -- Solutia Inc. (NYSE:SOA) today announced it has completed a public offering of 20,564,891 shares of its common stock at a price of $5.00 per share for gross proceeds of approximately $103 million. Solutia is using the net proceeds to fully repay its $74 million German term loan and for general corporate purposes. (Logo: http://www.newscom.com/cgi-bin/prnh/20081029/AQW096LOGO) As part of the offering, Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situation Fund, L.P. have, collectively, sold 7,260,109 million shares of their Solutia common stock at a price of $5 per share. Solutia will not receive any proceeds from the sale of shares by Harbinger. Solutia expects to close the transaction on or about June 24, 2009, and the closing is subject to customary conditions. Jefferies & Company, Inc. acted as sole book-running manager for the transaction, and has the option to purchase from Solutia up to an additional 4,173,750 additional shares to cover over-allotments, if any, within 30 days. A shelf registration on Form S-3 relating to these securities was filed with the Securities and Exchange Commission and became effective on July 25, 2008. Copies of the prospectus supplement relating to these securities may be obtained, when available, from Jefferies & Company, Inc., 520 Madison Avenue, New York, NY 10022 or by calling 1-888-449-2342. Forward Looking Statements This press release contains forward-looking statements, including, but not limited to statements about projected financial performance, which can be identified by the use of words such as "believes," "expects," "may," "will," "intends," "plans," "estimates" or "anticipates," or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on management's current expectations and assumptions about the industries in which Solutia operates and Solutia's ability to raise additional funds which is subject to market conditions. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the accuracy of our assumptions, the ability of third parties to finance an acquisition, and those risk and uncertainties described in Solutia's most recent Annual Report on Form 10-K, including under "Cautionary Statement About Forward Looking Statements" and "Risk Factors", and Solutia's quarterly reports on Form 10-Q. These reports can be accessed through the "Investors" section of Solutia's website at http://www.solutia.com/. Solutia disclaims any intent or obligation to update or revise any forward-looking statements in response to new information, unforeseen events, changed circumstances or any other occurrence. Corporate Profile Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: Saflex(R) interlayer for laminated glass; CPFilms(R) aftermarket window films sold under the LLumar(R) brand and others; and technical specialties including the Flexsys(R) family of chemicals for the rubber industry, Skydrol(R) aviation hydraulic fluid and Therminol(R) heat transfer fluid. Solutia's businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,100 employees in more than 60 locations. More information is available at http://www.solutia.com/ . http://www.newscom.com/cgi-bin/prnh/20081029/AQW096LOGO http://photoarchive.ap.org/ DATASOURCE: Solutia Inc. CONTACT: Media, Dan Jenkins, +1-314-674-8552, or Investors, Susannah Livingston, +1-314-674-8914, both for Solutia Inc. Web Site: http://www.solutia.com/

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