Celanese Corporation Announces New $1.5 Billion Share Repurchase Authorization

DALLAS–(BUSINESS WIRE)–Celanese Corporation (NYSE:CE), a global technology and specialty
materials company, today announced that its board of directors has
approved a new $1.5 billion share repurchase authorization. The new
share repurchase authorization represents approximately 11 percent of
the company’s shares outstanding. The timing of the buybacks will be
partially based on the closing of the recently announced proposed tow
joint venture with Blackstone.

The company has deployed $300 million in the first half of 2017 and is
on pace to meet its $500 million share buyback commitment for 2017 which
would exhaust the existing $1.0 billion repurchase authorization put in
place in 2015.

“This new share repurchase authorization reflects our confidence in the
underlying growth strategy and cash generation capabilities of Celanese.
Consistent with our prior commitments to shareholders, we remain focused
on investing in high quality growth initiatives while also returning
cash to investors,” said Mark Rohr, chairman and chief executive officer.

About Celanese

Celanese Corporation is a global technology leader in the production
of differentiated chemistry solutions and specialty materials used in
most major industries and consumer applications. Our two complementary
business cores, Acetyl Chain and Materials Solutions, use the full
breadth of Celanese’s global chemistry, technology and business
expertise to create value for our customers and the corporation. As we
partner with our customers to solve their most critical business needs,
we strive to make a positive impact on our communities and the world
through The Celanese Foundation. Based in Dallas, Celanese currently
employs approximately 7,500 employees worldwide and had 2016 net sales
of $5.4 billion. For more information about Celanese Corporation and its
product offerings, visit www.celanese.com or
our blog at www.celaneseblog.com.

All registered trademarks are owned by Celanese International
Corporation or its affiliates.

Forward-Looking Statements

This release may contain “forward-looking statements,” which include
information concerning the company’s plans, objectives, goals,
strategies, future revenues or performance, capital expenditures,
financing needs and other information that is not historical
information. All forward-looking statements are based upon current
expectations and beliefs and various assumptions. There can be no
assurance that the company will realize these expectations or that these
beliefs will prove correct. There are a number of risks and
uncertainties that could cause actual results to differ materially from
the results expressed or implied in the forward-looking statements
contained in this release. These risks and uncertainties include, among
other things: changes in general economic, business, political and
regulatory conditions in the countries or regions in which we operate;
the length and depth of product and industry business cycles,
particularly in the automotive, electrical, textiles, electronics and
construction industries; changes in the price and availability of raw
materials, particularly changes in the demand for, supply of, and market
prices of ethylene, methanol, natural gas, wood pulp and fuel oil and
the prices for electricity and other energy sources; the ability to pass
increases in raw material prices on to customers or otherwise improve
margins through price increases; the ability to maintain plant
utilization rates and to implement planned capacity additions and
expansions; the ability to reduce or maintain their current levels of
production costs and to improve productivity by implementing
technological improvements to existing plants; increased price
competition and the introduction of competing products by other
companies; market acceptance of our technology; the ability to obtain
governmental approvals and to construct and improve facilities on terms
and schedules acceptable to the company; changes in the degree of
intellectual property and other legal protection afforded to our
products or technologies, or the theft of such intellectual property;
compliance and other costs and potential disruption or interruption of
production or operations due to accidents, interruptions in sources of
raw materials, cyber security incidents, terrorism or political unrest
or other unforeseen events or delays in construction or operation of
facilities, including as a result of geopolitical conditions, the
occurrence of acts of war or terrorist incidents or as a result of
weather or natural disasters; potential liability for remedial actions
and increased costs under existing or future environmental regulations,
including those relating to climate change; potential liability
resulting from pending or future litigation, or from changes in the
laws, regulations or policies of governments or other governmental
activities in the countries in which we operate; changes in currency
exchange rates and interest rates; our level of indebtedness, which
could diminish our ability to raise additional capital to fund
operations or limit our ability to react to changes in the economy or
the chemicals industry; and various other factors discussed from time to
time in the company’s filings with the Securities and Exchange
Commission. Any forward-looking statement speaks only as of the date on
which it is made, and the company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after the
date on which it is made or to reflect the occurrence of anticipated or
unanticipated events or circumstances.

Contacts

Celanese Corporation
Investor Relations:
Surabhi
Varshney, +1 972-443-3078
[email protected]
or
Media
Relations – Global:
Travis Jacobsen, +1 972-443-3750
[email protected]