ROTTERDAM, The Netherlands, March 19, 2007 -- Univar N.V., a world leader in chemical distribution, today announced that its US subsidiary, Univar USA, received notice that CHEMCENTRAL Corporation received a non-binding proposal from Brenntag Holding GmbH to acquire CHEMCENTRAL for USD 700 million, subject to certain reductions, including a reduction for the termination fee payable to Univar. The proposal is subject to completion of due diligence and other conditions. Univar announced on March 12, 2007, that its US subsidiary, Univar USA, entered into an agreement to acquire CHEMCENTRAL for approximately USD 600 million. If the CHEMCENTRAL Board of Directors determines that a competing proposal is superior to Univar’s, CHEMCENTRAL must give Univar advance notice of 3 business days, during which period Univar may decide, but is not required, to negotiate with CHEMCENTRAL to make adjustments in the terms and conditions of their merger agreement. CHEMCENTRAL may terminate the merger agreement with Univar in favor of a competing offer if it pays Univar a termination fee of USD 22 million.