Innospec Details New Business Structure and Strategy in Investor Presentation

Innospec Inc. (NYSE: IOP) has created an investor
presentation that outlines its future plans and new strategic
direction to the investment markets, following the announcement on
January 30, 2006 that Octel Corp. has changed its name to Innospec. A
complete copy of the presentation is available for download on
Innospec's website at www.innospecinc.com.
   In the presentation, Innospec's senior management outline the
thinking behind the new brand, the company's goals and strategic
direction, together with a review of the financial position going
forward.
   Paul Jennings, President and Chief Executive Officer of Innospec,
explains how the new identity is a better reflection of the business
today and represents a fresh beginning for the company.
   "The company's mission is to be recognized, in our chosen markets,
as the leading provider of innovative specialty chemical solutions,
delivering value to our customers and shareholders," said Paul
Jennings.
   In the presentation, he gives an overview of Innospec's Fuel
Specialties, Performance Chemicals and Octane Additives businesses and
how they fit together to form a global specialty chemicals company.
"We expect to increase shareholder value through improved financial
performance in our Specialty Chemicals businesses, increased
visibility and education to the markets about the company and improved
capital management."

   --  Innospec's Fuel Specialties business specializes in
        manufacturing and supplying the fuel additives that help
        improve fuel efficiency, boost engine performance and reduce
        harmful emissions.

   --  Innospec's Performance Chemicals business includes a range of
        companies that manufacture performance chemicals used in the
        manufacture of such items as personal care products, household
        detergents, crop protection chemicals as well as in the
        plastics, paper and fungicides and in the metal plating and
        oil industries.

   --  Innospec's Octane Additives business is the world's only
        producer of tetra ethyl lead (TEL). The management team has a
        clear strategy in place to ensure the Company maximizes
        shareholder value from TEL supply while monitoring and
        reducing production in line with global demand.

   Jim Lawler, Executive Vice President and Chief Financial Officer,
provides information on the financial performance in 2005 and the
financial priorities for Innospec going forward. In summary, he said:
"A fit for purpose infrastructure and financing arrangement is now
secure and we know our current core businesses are capable of growth.
We can look forward to margin improvement and capitalizing on
opportunities in the US and Asia-Pacific."
   Patrick Williams, Executive Vice President and President Fuel
Specialties, provides investors with a description of each of
Innospec's core business areas. He explains what products each
business currently manufactures, key trends in their markets and the
opportunities for growth in 2006. "We have a clear strategy and
operating model in place for each business and we understand the key
drivers behind a successful implementation of our plans."
   Paul Jennings concluded: "Innospec is now the new holding company
for three dynamic businesses. There are major opportunities in Fuel
Specialties, Performance Chemicals and Octane Additives. By moving
forward as one business we can maximize profits and shareholder value.
We are a business with a clear market focus."

   FORWARD-LOOKING STATEMENTS

   This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements which address
operating performance, events or developments that we expect or
anticipate will occur in the future. Although such statements are
believed by management to be reasonable when made, caution should be
exercised not to place undue reliance on forward-looking statements,
which are subject to certain risks, uncertainties and assumptions. If
the risks or uncertainties ever materialize or the assumptions prove
incorrect, actual results may differ materially from those expressed
or implied by such forward-looking statements and assumptions. Risks,
assumptions and uncertainties include, without limitation, changes in
the terms of trading with significant customers or gain or loss
thereof, the effects of changing government regulations and economic
and market conditions, competition and changes in demand and business
and legal risks inherent in non-U.S. activities, including political
and economic uncertainty, import and export limitations and market
risks related to changes in interest rates and foreign exchange rates,
government investigations, material fines or other penalties resulting
from the Company's voluntary disclosure to the Office of Foreign
Assets Control of the U.S. Department of the Treasury and other risks,
uncertainties and assumptions identified in the Company's Annual
Report on Form 10-K for the year ended December 31, 2004 and those
identified in the Company's other reports filed with the Securities
and Exchange Commission. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.