## Global
Business Conduct Policy (BCP)

---



## Content

Letter from the Chairman of the Board of Management

How to read this Policy

Our Principles

|I. |  | Conflicts
of Interest
|-- |  | ---------------------

|II. |  | Equal
Opportunity, Discrimination and Harassment
|--- |  | ------------------------------------------------

|III. |  | Fair
Dealings
|---- |  | -------------

|IV. |  | Environment,
Health and Safety
|--- |  | ------------------------------

|V. |  | Use
of Company Assets, Property and Information
|-- |  | -----------------------------------------------

|VI. |  | Insider
Trading
|--- |  | ---------------

|VII. |  | Financial
Integrity / Document Retention
|---- |  | ----------------------------------------

|VIII. |  | Antitrust
|----- |  | ---------

|IX. |  | Bribery
and Fraud
|--- |  | -----------------

|X. |  | International
Commerce
|-- |  | ----------------------

Glossary

Regional supplement North
America

2

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## Letter from the
Chairman of the Board of Management Claudio Sonder

Ladies and Gentlemen,

Celanese maintains its reputation
as a responsible company by upholding high standards of conduct for doing
business.

## Our
Corporate Values

|- |  | Excellence
in safety, health and environment
|- |  | --------------------------------------------

|- |  | Customers
are our reason for existing
|- |  | -------------------------------------

|- |  | A
high performing, diverse group of employees will drive our success
|- |  | --------------------------------------------------------------------

|- |  | Entrepreneurial
mindset and operational excellence generate value creation
|- |  | --------------------------------------------------------------------------

|- |  | Integrity
and openness at all levels form our foundation
|- |  | --------------------------------------------------------

describe how we want to
achieve our vision and strategic goals. They set the standard
Celanese strives for to be an attractive employer, a trustworthy business
partner, a good global neighbor, and to create sustainable value for its
shareholders. These values encourage the culture of integrity and accountability
that we value in our Company. We have therefore developed this global Business
Conduct Policy (BCP) that is a part of the Companys Corporate
Governance for ensuring that all employees have an awareness of
Celaneses values and principles and to provide guidance on how we can put
these values into practice on a daily basis.

Our global BCP is a tool
to help us all understand what is expected of Celanese as an organization, from
its top management and from every Celanese employee throughout the world, by
fostering a culture of integrity and accountability. The policy gives us the
framework in which we can globally act as a fair and reliable partner in all our
endeavors.

Celanese is committed to
adhering to ethical standards of our societies as well as to the laws of the
countries in which it operates. As these ethical and legal requirements may vary
among different regions, we have also established, where needed, guidelines that
apply to specific regions to supplement our global BCP.

Although the global BCP
covers a wide range of topics relevant to doing business, it cannot cover
everything. Therefore, it is essential that you contact the BCP regional
coordinator or in-house legal counsel, if you ever have a doubt as to
whether an action of Celanese or its employees would violate these laws and
ethical standards.

To uphold Celaneses
reputation as an ethical and responsible company, every employee must be aware
of these standards and follow them in his/her daily business affairs. Moreover,
our management is responsible for creating an environment that supports the
principles set forth in our global BCP. We have established a process for
putting this policy into practice and ensuring its compliance. This process is
described in more detail in the section entitled Our principles.

Claudio Sonder

3

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## How to
Read this Policy

The Business Conduct Policy
(BCP or the Policy) is also accessible for our employees
via the Intranet and on the Internet.

As a hardcopy the BCP is
available in English and German. The Spanish version is only available
electronically. Throughout the English and Spanish versions of the BCP you will
see boxes to the right of certain texts. These boxes indicate additional
requirements in North America that can be found at the end of the booklet. This
North American supplement may contain region-specific information on areas not
covered by this BCP. Therefore, it is important that every employee in North
America as well as all employees dealing with a North American subsidiary read
the entire supplement.

In addition, you will see
various terms printed in orange throughout the text. These terms are explained
in the glossary.

As used in this
document Celanese or Company means Celanese AG along
with its subsidiaries. We means the directors, officers and
employees at every level of Celanese (individually or as a group).

4

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## Our
Principles

Here are the principles
of business conduct to which we will adhere in our daily business affairs:

|1. |  | Compliance with Applicable Laws and Internal Policies  We will obey
all laws and regulations applicable to the Companys activities as well as
internal policies, both global and regional, and we will not take any action on
the Companys behalf that we know or should know violates any law,
regulation or internal policy.
|-- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2. |  | Loyalty to the Company  We will not put ourselves in a position
where our personal interests or relationships conflict or may appear to conflict
with the best interests of the Company. Consequently, we should avoid doing
anything that would compromise, or may appear to compromise, the Company or
ourselves as individuals when conducting or representing the Companys
business activities and interests.
|-- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3. |  | Observance of Ethical Standards of Society  We will follow the
ethical standards of our societies while conducting Company business.
|-- |  | -------------------------------------------------------------------------------------------------------------------------------------

The Board of Management
of Celanese AG is responsible for ensuring these principles are communicated to,
understood and observed by, all employees. Day-to-day responsibility is
delegated to the management of Celanese. They are responsible for implementing
and overseeing the Policy, if necessary through more detailed guidance tailored
to local needs.

We are expected to read
and understand this global BCP including the supplements for our region and any
region we work with. In order to ensure that we understand the policies set
forth in this BCP, training will be provided. In addition, local management will
require certain employees to certify in writing periodically that they have read
and understood the Policy and are in compliance with the Policy.

Compliance with these
principles is an essential element for our business success. We, as employees,
should be sensitive to situations that could lead any of us to engage in
behavior that is illegal or unethical, or that contradicts our Corporate Values,
and we should avoid such situations. Therefore, we have the responsibility to
promptly report any breaches or suspected breaches of the BCP to the BCP
regional coordinator or in-house legal counsel, and we may call the
helplines that have been set up for reporting purposes. Calls to the
helplines can also be made anonymously  the system safeguarding anonymity
is described on the helpline message. Each reported breach or suspected breach
will be dealt with by in-house legal counsel, and the person reporting the
breach has a right to receive information on how such breaches or suspected
breaches will be handled.

We will not suffer for
speaking up, nor will management be criticized for any loss of business or any
reasonable expense resulting from good faith adherence to or remedying any
breaches of this Policy and other mandatory policies and instructions. Any
attempt to deter employees from raising proper concerns will be treated as a
serious disciplinary offense.

Violations of the BCP can
expose the Company to substantial damages and unfavorable publicity. Severe
disciplinary action for breaches of the Policy will be taken, which may include
termination of employment.

5

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## I.
Conflicts of Interest

We will give our
undivided business loyalty to the Company when conducting our job-related
duties.

A conflict of interest
arises when our loyalty to the Company is prejudiced by actual or potential
personal benefit from another source. We will avoid any investment, interest or
association that might interfere or seem to interfere with our ability to make
independent judgments or decisions on the Companys behalf.

We must disclose to the
BCP regional coordinator or in-house legal counsel any personal interests or
circumstances that might constitute a conflict of interest as soon as the
circumstances arise, so that management and counsel can resolve the matter in a
manner best suited to the interests of the Company and the employee.

Conflicts of interest can
arise in the following situations:

| |  | when an employee or a member of the employees family has a
significant (over 1 %) direct or indirect financial interest in, or obligation
to, an actual or potential competitor, any company or individual Celanese does
business with, or any company in which Celanese has an ownership interest.
|- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | when an employee conducts business on behalf of Celanese with any other company
of which a relative is a principal, officer or representative;
|- |  | ----------------------------------------------------------------------------------------------------------------------------------------------

| |  | when
an employee misuses information obtained in the course of his/her employment; or
|- |  | -------------------------------------------------------------------------------------

| |  | when an employee, a member of the employees family, or any person or
entity, including charities, designated by the employee, accepts social
amenities such as gifts and entertainment. Consequently, we will only accept
gifts or entertainment from a current or potential supplier or customer (of
goods as well as services) in accordance with normal business practices, and
provided:
|- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | - |  | the
amenities follow the generally accepted ethical standards and comply with local laws
where the activity occurs
| | - |  | ------------------------------------------------------------------------------------------------------------------

| | - |  | the
value of any gift is modest and the value of any entertainment is not excessive
| | - |  | -----------------------------------------------------------------------------------

| | - |  | the
amenities are not accepted on a regular or frequent basis; and
| | - |  | ------------------------------------------------------------------

| | - |  | public
disclosure would not embarrass the Company.
| | - |  | --------------------------------------------------

6

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## II. Equal
Opportunity, Discrimination and Harassment

The Company is
committed to the principles of equal opportunity and creating a working
environment in which diversity is accepted and valued.

|The Company realizes that success depends on the skills and strength of every employee.
Therefore, we will treat employees with fairness and respect. Moreover, Celanese will
respect employees rights under all applicable laws that may prohibit discrimination
and harassment on the basis of race, color, religion, sex, national origin, sexual
orientation, age, medical condition, physical or mental disability, family leave status or
marital status. Celanese will consider individuals for employment opportunities on the
basis of merit, as measured against objective job requirements. In matters affecting
promotion, training, hiring, compensation and termination, Celanese will ensure that all
employees will be afforded treatment that is lawful and consistent with our Human Resource
management system and processes. |  | RegionalSupplement:North America
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------

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## III. Fair
Dealings

We will conduct all of
our relationships with honesty, trust, fairness, and integrity.

Communication
 Communication is a key factor for Celaneses success as a global
company. Our communication within the Company as well as with our partners in
business and society is based upon an open, trustful and factual dialogue. We
will treat all people with respect, and be aware of cultural differences. Within
the Company, our managers at every level are responsible for communicating and
promoting the achievement of Celaneses goals and values throughout the
organization. We must strive to convey consistent messages internally and
externally and accept criticism constructively. In addition, we must remember
that any communication, either orally or in writing, using the Companys
communication systems or stationery, may be interpreted by the outside world as
being made by Celanese. We will therefore draft such communications carefully to
avoid accidental misinterpretation of a private communication as a Celanese
statement.

Customers/Suppliers
 Customers are our reason for existing. We will base our competitive
appeal on the quality of our products, their competitive price, the service with
which we support them, and the competence and honesty of our product and sales
presentations. We will select our suppliers on the basis of objective criteria
such as capabilities, quality, integrity, reliability, competitive pricing, and
product/service suitability.

The information we give
our customers and suppliers will be accurate, clear and comprehensive and be
consistent with ethical and accepted business practices as well as regulatory
requirements.

If we learn that Celanese
is treating or is being treated by the people and companies it does business
with dishonestly or unfairly, we will advise the BCP regional coordinator or
in-house legal counsel.

Public Relations
 We understand that information about Celaneses businesses that is
given to the public can have a significant effect on Celaneses stock price
and the Company in general. We will therefore not speak to the media, to
analysts, or publicly on behalf of Celanese unless we are authorized to do so.
If for example a representative of the media or an analyst asks us for
information on Celanese or to speak on behalf of Celanese, we will refer them a
representative of Communications or Investor Relations.

Investigations
 We understand that investigations are sometimes necessary to
research business practices, commercial and operational issues or potential
violations of law or internal policies. We will therefore cooperate fully with
and not withhold or give false or misleading information to in-house legal
counsel, Celanese Global Audit, Environmental, Health and Safety (EHS)
personnel, nor to others authorized to conduct internal investigations on behalf
of Celanese. Any time we obtain any information that would lead us to reasonably
believe that an investigation involving Celanese is being conducted by any
regulatory, law enforcement or other government official, we will immediately
contact in-house legal counsel so that the Company can obtain adequate legal
representation. In conjunction with in-house counsel, as appropriate, we will
respond to any inquiries by government officials in an honest, forthright and
truthful manner.

Privacy Laws
 Company files and information technology systems contain sensitive
information concerning our employees, customers, and others. A number of
countries have enacted privacy laws to protect the personal information
of their citizens. However, such laws vary widely from region to region and may
have to be observed not only by the citizens of the respective region, but also
by anyone dealing with such citizens. They may be all-encompassing or limited to
certain types of information. As a company that values its customers, employees,
and others it does business with, Celanese is committed to complying

8

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with all applicable privacy laws,
and will avoid the improper or unauthorized use of personal information. However,
determining whether any action involving such personal information is improper or
unauthorized can be difficult. Therefore, we will consult with in-house legal counsel
before disclosing, collecting, storing, using, changing the purpose of, transferring, or
otherwise handling any medical, financial, sensitive personal or any individual customer
information or before establishing or updating any system, process or procedure to
collect, use, disclose, transmit or otherwise handle such information.

9

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## IV.
Environment, Health and Safety

We, and the Company,
are committed to protecting the environment, preserving the health and safety of
our employees and communities, assuring the safe operations of our processes and
complying with all applicable laws, rules and regulations in each location in
which we do business.

We know that we can only
be successful if the public trusts our businesses, products and plants, and if
we fully comply with the requirements of our regional and national governments.
Environmental protection, employee health and occupational and process safety
are in the interest of our employees and neighbors, as well as a benefit to the
Company. They are therefore top priorities for Celanese.

We will design and
operate our facilities throughout the world to provide our employees with a safe
workplace and to minimize the potential for any adverse impacts on health and
the environment.

We will fully adhere to the following EHS guiding principles

|- |  | complying
with applicable requirements
|- |  | --------------------------------------

|- |  | using
good science
|- |  | ------------------

|- |  | operating
safely
|- |  | ----------------

|- |  | managing
contractors
|- |  | --------------------

|- |  | communicating
proactively
|- |  | -------------------------

|- |  | managing
responsibility.
|- |  | ------------------------

These principles are
outlined in more detail in Celanese AGs Environmental Health and Safety
Policy and in the EHS Core Requirements that we have to comply with.

|The laws
and regulations in this area are complex, and violations can result in severe criminal and
civil penalties for the Company, as well as for individuals. Criminal penalties, including
imprisonment, can be imposed for knowingly, or in some cases even negligently, violating
standards or making false statements. |  | RegionalSupplement:North America
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------

If we are faced with an
environmental, health or safety issue, we will contact our Department of
Environmental, Health and Safety, or in-house legal counsel. We will not suffer
repercussions for raising such issues. Moreover, in some instances, not
immediately reporting a potential environmental, health or safety hazard may
result in a violation of law.

10

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## V. Use of
Company Assets, Property and Information

We will protect all of
Celaneses assets, including time, materials, equipment, intellectual
property and information. Consequently, we will use the Companys assets
efficiently and only for ethical, legal, and proper purposes. We will not use
the Companys assets in any way that might harm or embarrass Celanese or
result in unauthorized personal gain or opportunity.

|Computer Systems/E-Mail/Internet  We will not use the Companys computer
and telecommunications resources, including telephone systems, e-mail systems and Internet
access, for amusement, solicitation, or other purposes that would be a conflict of
interest or otherwise interfere with the business of Celanese. While we may occasionally
use these systems for personal communications, we will keep personal use to a minimum and
never use these systems for any purpose that may be construed as harassment, incite racial
or religious hatred, violent or other criminal acts, or for any purpose that is sexually
or otherwise offensive according to the generally accepted ethical standards of our
societies. |  | RegionalSupplement:North America
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------

Intellectual
Property  As Celanese attaches great importance to its intellectual
property, including patents, trademarks, copyrights, product designs and
know-how, in order to protect its investment in research and development,
manufacturing and marketing, it seeks the widest possible protection for
significant product developments in its major markets. Celanese also respects
the intellectual property of others, including software licenses. Consequently,
we, as Celanese employees, will take steps to safeguard the Companys
intellectual property, including following the Companys On-Line
Identity Use Policy. We will consult with in-house legal counsel or, where
appropriate, with pre-approved outside counsel concerning the proper disclosure
and use as well as the misuse of trade secrets and intellectual property of
Celanese and others.

Confidential
Information  We recognize that communication and information is
important to us; however, the disclosure of confidential or proprietary
information could be harmful to Celanese. Therefore, we will be responsible for
protecting all confidential or proprietary information and documentation within
our areas of responsibility. Confidential Information includes all non-public
information that might be of use to competitors or might be harmful to Celanese
if disclosed. We will comply with Celaneses Information Security
Policy as well as Recommendations on Protecting Confidentiality and
maintain discretion when discussing confidential matters. We will make sure that
all confidential information, whether on paper or in electronic format, is kept
in a secure area, not left in view of others who should not have access to such
information, and is disposed of properly. We will only use Celaneses
confidential or proprietary information for Company business. We will not use it
for personal gain unless the situation has been reviewed and received approval
from designated management or in house legal counsel. Moreover, if we have
access to confidential information of the people we do business with, we will
only disclose such information to others, including other Celanese employees, in
accordance with the terms under which such information was given to us, or if
compelled by law or internal policies to do so.

Company Position
 We will not (a) take personal advantage of information we discover
through our position with the Company (b) use Company position for personal
gain; and (c) compete with the Company, unless the situation has been reviewed
and received approval from in-house legal counsel or the BCP regional
coordinator.

We will promote the
Companys interests and goals whenever we ever have an opportunity to do
so.

11

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## VI.
Insider Trading

We will comply fully
with Celanese AGs policy for Avoidance of Insider Trading. We will
not trade in Celanese AG securities when we have inside information, nor during
the Black-Out Periods established by the Celanese Stock Market Clearing
Team on behalf of the Board of Management.

Until released to the
public, material information concerning the Companys business, including
the Companys financial results, plans, successes or failures, is
considered inside information and therefore, confidential. Inside
information is material if it would likely affect the market price
of, or a reasonable persons decision to buy, sell or hold a companys
securities. Insiders include not only employees but also persons outside the
Company (spouses, parents, friends, children, brokers, etc.) who may have
acquired the information directly or indirectly through tips.

|Shares of Celanese AG are listed on the Frankfurt and New York Stock Exchanges and the
Company follows the rules and listing standards of these Exchanges. When we are aware of
material inside information about Celanese AG or about another company in the performance
of our jobs, we will hold that information in strictest confidence and not disclose it. We
will also refrain from buying or selling (or influencing others to buy or sell) any
securities of Celanese AG or of such other company until the information is public. If we
are identified as an insider for the purposes of Celaneses annual financial statements
and quarterly reports, we will not trade during the Black-Out Periods established by the
Celanese AG Board of Management. |  | RegionalSupplement:North America
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------

The insider trading laws
are rigidly enforced and violators could face criminal fines and imprisonment
and substantial civil penalties. We will consult with the BCP regional
coordinator or in-house legal counsel if we ever have any doubts whatsoever as
to whether we possess material non-public information or whether any trading
would be a violation of law or our policy.

12

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## VII.
Financial Integrity / Document Retention

We will take steps to
safeguard against unauthorized use or disposition of Company assets, maintain
proper accounting records, and ensure the full, accurate, and timely disclosure
of financial information used within the business or for publication. We will
also retain or destroy Company documents only in accordance with the established
policies and procedures.

Financial Integrity
 Accurate and reliable accounting records that fairly reflect
transactions and disposition of assets are critical to the corporate decision
making process and to the ability of the Company to meet its legal and financial
reporting obligations. We will continue to seek ways to improve transparency by
providing financial information in terms that are clear, concise and
understandable to the average investor. Accordingly, we will:

| |  | have all Company payments and other transactions properly authorized by
management and record them accurately, completely and in a timely manner on the
Companys books and records in accordance with relevant Generally
Accepted Accounting Principles and established corporate accounting
policies;
|- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | never establish an undisclosed or unrecorded fund for any purpose, and we will
never place Company funds in any personal or non-corporate account;
|- |  | --------------------------------------------------------------------------------------------------------------------------------------------------

| |  | never make any false or artificial statements or entries for any purpose in the
books and records of the Company or in any internal or external correspondence,
memoranda, or communication of any type, including telephone or electronic
communications;
|- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | always properly protect all Company assets. We will compare asset records with
actual assets regularly and take proper action to reconcile any variances.
|- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------

|Document Retention  Some Company documents whether on paper or in
electronic form (including e-mails), are required by law to be kept for a certain period
of time; others must be destroyed regularly to ensure the availability of records storage.
Moreover, it may be a criminal offense to destroy or alter records that relate to a
lawsuit or governmental investigation. Therefore, we will |  | RegionalSupplement:North America                                                                                                                     
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                    |  | retain or destroy Company documents only in accordance with the established policies and
procedures;                                                 
|                                                                                                                                                                                                                                                                                                                                                                                                    |  | never alter or destroy Company documents that are required to be maintained for a lawsuit
or a governmental investigation until the matter is closed;
|                                                                                                                                                                                                                                                                                                                                                                                                    |  | direct any questions regarding records retention to the BCP regional coordinator or
in-house legal counsel.                                          

We will comply at all
times with both the letter and the spirit of Celaneses accounting and
internal control and document retention procedures, as well as all applicable
laws, rules and regulations. We will cooperate fully with our internal and
external auditors. We will, and the Company encourages us to, report promptly to
the BCP regional coordinator if we detect or suspect any accounting
irregularities or improprieties or any material omissions in our financial
reporting.

13

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## VIII.
Antitrust

Celanese is fully
committed to the principle of free competition and to ensuring that contracts
with our business partners are entered into on fair terms.

|Antitrust laws are in effect in numerous countries that regulate competitive behavior and
prohibit arrangements which unreasonably restrain competition. Space does not permit even
a brief examination here of the various statutes. We must comply with the applicable laws
of all jurisdictions in which a transaction possibly involving a competitive restraint is
to take place. Whenever a transaction involves a competitive restraint in any form or if
we will attend a trade association or other meeting where competitors may be present, we
will consult with our in-house legal counsel at the earliest possible moment. |  | RegionalSupplement:North America
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------

The international
antitrust laws seek to promote vigorous competition, free from unreasonable
restraints. Failure to comply with these laws could result in serious
consequences for the Company and offending employees. Violations of many
antitrust laws are crimes, subjecting the Company and individuals to heavy
fines, and individuals to imprisonment. In addition, the Company may be required
to pay damages, and be barred from engaging in the activity. The following areas
may be subject to illegal anti-competitive practices:

Relations with
Competitors  We will avoid communicating with competitors in any form
including at trade association meetings on the following topics: prices and
pricing policies, terms and conditions of sale (including product promotions,
timing of product promotions, discounts and allowances); credit terms and
billing practices; suppliers terms and conditions; profits and profit
margins; costs; distribution plans and practices; marketing plans and practices;
bids, including your intent to bid or not to bid for a particular contract or
program; allocation of sales territories; selection, retention or quality of
customers; refusals to deal with a supplier or customer; type or quality of
production; new products or production innovations; product packaging; and terms
of warranties or guarantees.

Relations with
Customers  The Companys relationships with its customers
are subject to a number of antitrust laws:

Price Discrimination: The Company will not sell products of like grade and quality
to competing customers at different prices for the same time period if such sales may
result in a material effect on competition.

Promotional Payments, Services and Facilities: The Company will make promotional
payments, services and facilities (such as advertising displays) available only if they
are made on proportionally equal terms to all customers for the products that compete with
each other.

Resale Restrictions: Agreements between the seller and its customer or distributor
about the minimum (and possibly, in some cases, maximum) prices at which the customer or
distributor will resell the product are prohibited per se. Restrictions on resale
that do not relate to price, such as customer and territorial restrictions, will be
governed by the rule of reason (i.e., upheld if not unreasonably
anti-competitive).

Requirements Contracts: Contracts that require a customer to purchase substantially
all of its requirements for a product from the seller.

Tying Arrangements: Any arrangement under which a seller influences a customer to
take a product it does not wish to buy from the seller as a condition of a license, loan
or sale of a second, separate product the buyer does wish to obtain, may be
illegal.

14

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Monopolization
 The Company will not seek to monopolize, attempt to monopolize, or combine
and conspire to monopolize, in any unlawful manner.

15

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## IX.
Bribery and Fraud

We will not make
bribes or attempt to make bribes, nor will we take part in any business
transaction that may be or may appear to be fraudulent or otherwise illegal.

Bribery  We
will never make a bribe, payment (except as described below), or gift to any
government official, directly or indirectly, if there is intent to influence
unlawfully such official. Nor will we pay any bribe or make any other unlawful
payment to anyone, including agents of our customers/suppliers or members of
their families, in connection with the sale or purchase of any of our products,
even if not making such a payment causes us to lose the business.

We will act in accordance
with the provisions of the OECDConvention on Combating Bribery of
Foreign Public Officials in International Business Transactions and comply
with the laws that implement it. These laws with minor exceptions,
prohibit the giving of money or things of value to an official of a foreign
government, a foreign political party or an international organization, or to an
agent of such an official, to influence an act or decision in order to obtain or
retain business. Violations of these laws can lead to severe fines for Celanese
and its employees and in certain cases, jail terms.

Fraud  We
will not take part in any business transaction that may be, or may appear to be,
illegal or fraudulent. We will conduct business only with reputable customers
who are involved in legitimate business activities and whose funds are derived
from legitimate sources. We will undertake proper due diligence of our customers
and take reasonable steps to ensure that Celanese does not become involved in
transactions that may be associated with money laundering or other illegal
activities.

We will contact the BCP
regional coordinator or in-house legal counsel whenever we receive a request for
a bribe, do business with foreign officials or encounter fraudulent behavior.

16

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## X.
International Commerce

We will comply with
all applicable international agreements as well as national laws and regulations
pertaining to controls on international commercial and financial transactions.

|Penalties
for non-compliance with the laws and regulations in this area may include substantial
criminal and civil fines, forfeiture of goods, and restrictions on the ability to import
and export. We will consult in-house legal counsel with regard to any transaction with
respect to which there is reason to believe such agreements, laws and regulations might
apply. |  | RegionalSupplement:North America
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | --------------------------------

Restrictions on
international commercial and financial transactions could be:

Embargoes  Embargoes are
general prohibitions against conducting business with certain targeted countries.
Embargoes may be multilateral, e.g. the U.N. embargo of Iraq, or unilateral/national, e.g.
the U.S. embargo of Cuba. Embargoes may prohibit all commercial and financial transactions
involving the targeted country, or they may prohibit only certain activities, such as
investment. Because embargoes are viewed by governments as foreign policy tools,
applicable restrictions are subject to rapid changes, reflecting fluid foreign policy
priorities.

Restriction on
Chemicals Transfers and Other Export Controls  Whether a particular
transaction requires prior authorization will depend normally on the
specifications of the product, its destination, the specific intended end use,
the identity of the consignee, and the identity of the ultimate end user.
Moreover, the manufacture, use, and sale of chemicals and chemicals-related
technical data that might have chemical weapons applications, or are used in the
manufacture of illegal drugs, are regulated by various international
agreements and national export control regulations. We will comply with all
applicable regulations, licensing requirements, other governmental guidelines,
as well as international agreements pertaining to chemicals, chemical weapons,
and other dual use and arms related materials.

17

---



Underlined Terms

## Letter from the
Chairman:

|- |  | Vision
|- |  | ------

|- |  | Strategic
Goals
|- |  | ---------------

|- |  | Corporate
Governance
|- |  | --------------------

|- |  | BCP
regional coordinator
|- |  | ------------------------

## Our Principles:

|- |  | Helplines
|- |  | ---------

## Conflict of Interest:

|- |  | Family
|- |  | ------

|- |  | Value
of any gift is modest
|- |  | ---------------------------

## Fair Dealings:

|- |  | Privacy
Laws
|- |  | ------------

## Environment, Health
and Safety

|- |  | Environmental,
Health & Safety Policy
|- |  | -------------------------------------

|- |  | Environmental,
Health & Safety Core Requirements
|- |  | ------------------------------------------------

## Use of Company
Assets, Property and Information

|- |  | On-line
Identity Use Policy
|- |  | ---------------------------

|- |  | Information
Security Policy
|- |  | ---------------------------

|- |  | Recommendations
on Protecting Confidentiality
|- |  | ---------------------------------------------

## Insider Trading

|- |  | Avoidance
of Insider Trading
|- |  | ----------------------------

|- |  | Black
Out periods
|- |  | -----------------

## Financial Integrity
/ Document Retention

|- |  | Established
policies and procedures
|- |  | -----------------------------------

|- |  | Generally
Accepted Accounting Principles
|- |  | ----------------------------------------

## Bribery and Fraud

|- |  | OECD
Convention on Combating Bribery of Foreign Public Officials in International Business
Transactions
|- |  | -------------------------------------------------------------------------------------------------------

|- |  | Laws
that implement OECD Convention
|- |  | -----------------------------------

|- |  | Minor
Exceptions to the OECD Convention
|- |  | ---------------------------------------

## International
Commerce

|- |  | International
Agrements
|- |  | -----------------------

18

---



## Vision

In accordance with the
Vision 2005", Celanese aims to be an industry leader in creating
value for customers, shareholders and employees. Celanese will have succeeded in
achieving this when it is:

| |  |  | No.
1 or 2 in its global businesses
| | - |  | -----------------------------------

| |  |  | A
 billion company as a result of internal and external growth
| | - |  | ---------------------------------------------------------------

| |  |  | A
company with a premium stock valuation.
| | - |  | -----------------------------------------

## Strategic
Goals

| |  | Celanese
AG is transforming itself into a less cyclical and higher value added chemical
company.
|- |  | ------------------------------------------------------------------------------------------------

| |  | Celanese AG will use its asset base, balance sheet and equity position to
strengthen its core businesses and expand into higher-growth, integrated value
chains and/or businesses.
|- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | Celanese AG will continue to grow pursuing prime global market positions and
technologies, superior operating performance and shareholder value creation.
|- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------

## Corporate
Governance

Corporate Governance
comprises the relationship of the corporation with all its stakeholders, in
particular its shareholders including all management and monitoring systems to
detect and manage all risks specific to the company. By practicing good
Corporate Governance the company creates value and provides accountability to
all stakeholders.

The Corporate Governance
Principles provide you with a comprehensive summary of the Corporate Governance
of Celanese. You will find the Corporate Governance Principles in the Intranet
under the category About us.

## BCP
regional coordinator

The BCP regional
coordinator is your contact person with regard to all issues belonging to the
Business Conduct Policy. He reports directly to the Global Governance & Risk
Officer (Rita Pikó).

Please find the name of
your BCP regional coordinator below:

|North America: | Julie Chapin
|-------------- | ------------
|Europe:        | Eva Kessler 
|Asia:          | Mike Richard

## Helplines

The helplines are staffed
during certain hours of the week as explained on a pre-recorded message. During
other times, callers may leave a message. Calls can be made anonymously and the
matter will be investigated. If a caller wishes to remain anonymous, yet learn
what has been done about his or her Business Conduct Policy concern, a system
safeguarding the callers anonymity has been set up and is described on the
help line message.

The helpline extensions
are:North America and Asia: 1-800-BCP-4CA1Europe: 00-800-BCP-Celanese (available from January 1st 2003)

## Family

The term
family in the Business Conduct Policy is interpreted as meaning ANY
relative, by blood or marriage, because there could be real or perceived undue
influence with such relationships. Also, a fiancée or someone living in the
employees immediate household should be considered a significant
relationship that could give rise to a conflict of interest.

20

---



## Value of
any gift is modest

You should make every
effort to refuse to accept or to return any gift or series of gifts during a
single calendar year from a current or potential supplier or customer exceeding
100 in value (or its equivalent in local currency).

If you determine that the
donor would be insulted or embarrassed if the gift is refused or returned, a
conflict can nevertheless be avoided by promptly reporting the gift to your
supervisor. Except in special instances where your supervisor determines a
different procedure is warranted, you will deliver the gift or a check for the
full fair value of the gift to a pre-approved charity on behalf of the Company.
This process must be documented and a copy of that documentation must be
forwarded to the BCP regional coordinator.

## Privacy
Laws

Europe:
The Directive on the Protection of Personal Data (95/46/EG) became effective
on 25 October 1998. The Directive establishes a clear and stable regulatory
framework to ensure both a high level of protection for the privacy of
individuals in all Member States and the free movement of personal data within
the European Union. The Directive also establishes rules to ensure that personal
data is only transferred to countries outside the EU when its continued
protection is guaranteed, so that the high standards of protection introduced by
the Directive within the EU are not undermined.

The Directive lays down
common rules to be observed by those who collect, hold or transmit personal data
as part of their economic or administrative activities or in the course of the
activities of their association. There is an obligation to collect and process
personal data only for specified, explicit and legitimate purposes, and to
ensure that such data is relevant, accurate and up-to-date.

Under the Directive,
natural persons are granted a number of important rights and may appeal to
independent national authorities if they believe their rights are not being
respected. These rights include:

| |  | information from subsequent data users about the origin of the data (where such
information is available), the identity of the organization processing the data,
and the purposes of such processing;
|- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | a
right of access to personal data relating to him/her,
|- |  | -------------------------------------------------------

| |  | a
right to have personal data that is shown to be inaccurate corrected; and
|- |  | ---------------------------------------------------------------------------

| |  | the right to prohibit their data to be used in certain circumstances (for
example, for direct marketing purposes, without providing any specific reason).
|- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------

In the case of sensitive
data, such as an individuals ethnic or racial origin, political or
religious beliefs, trade union membership, or data concerning health or sexual
life, the Directive establishes that such data can only be processed with the
explicit consent of the individual. There are, however, a number of exemptions,
such as the consent of the person or if disclosing the data would be in the
public interest (e.g. for medical or scientific research), provided, however
alternative safeguards were established.

For cases where data is
transferred to non-EU countries, the Directive includes provisions to prevent
the EU rules from being circumvented. The basic rule is that the data should
only be transferred to a non-EU country if it will be adequately protected
there, although a practical system of exemptions and special conditions also
applies (such as for data where the subject has given consent or which is
necessary for performance of a contract with the person concerned, to defend
legal claims or to protect vital interests (e.g. health) of the person
concerned).

21

---



USA: There is no
comprehensive data privacy law in the U.S. Generally, private corporations adopt
the data protection measures they deem necessary or appropriate. Many U.S.
corporations that collect information from on- line consumers voluntarily post
privacy policies which govern their handling of consumer information. Companies
that violate their posted privacy policies may be subject to a Federal Trade
Commission (FTC) enforcement action for unfair or deceptive
trade practices under Section 5 of the FTC Act.

In those instances where
the voluntary approach has failed to provide adequate privacy protections-or
where there has been a perception that it has failed to do so-self-regulation
has been supplemented by specific federal and/or state information privacy laws.
These relate in particular to financial institutions, insurance companies, the
medical profession, and to information collected from children.

Canada: In Canada,
the most comprehensive privacy law is the Personal Information Protection and
Electronic Documents Act, which protects the privacy of personal information of
an individual that is collected, used or disclosed in the private sector. As of
January 1, 2001, the Act has applied to the federally-regulated private sector,
including telecommunications, broadcasting, banking and interprovincial
transportation, in respect of both customer and employee information. It will
also apply to an organization that discloses personal information across
provincial or national borders, such as credit reporting agencies. As of January
1, 2002, the Act has applied to all organizations that collect, use or disclose
personal health information. On January 1, 2004, the Act will apply to all
personal information collected, used or disclosed in the course of all
commercial activity, except where such information is otherwise protected by
similar provincial law.

If the Privacy
Commissioner receives a complaint from an individual, he may conduct an
investigation and is empowered to seek and examine any relevant information.
Although the Commissioner has no power to compel organizations to act on its
findings or recommendations, a complainant or the Commissioner can apply to the
Federal Court for an order compelling an organization to correct its practices
to comply with the provisions of the Act. The Court can also award damages to
the complainant.

The Commissioner may also
conduct audits of organizational practices where there are reasonable grounds to
believe that an organization is violating the Act. The Act also protects
organizations from recriminations for acting in good faith to uphold the privacy
provisions and employees or other individuals who inform the Commissioner of
perceived violations.

## Environmental,
Health & Safety Policy

You will find the EHS
policy in the Intranet under the category Working.

## Environmental,
Health & Safety Core Requirements

You will find the EHS
core requirements in the Intranet under the category Working.

## On-line Identity
Use Policy

You will find the On-line
Identity Use Policy in the Intranet under the category Resources.

## Information Security
Policy

You will find the
Information Security Policy in the Intranet under the category
Resources.

## Recommendations
on Protecting Confidentiality

You will find the
Recommendations on Protecting Confidentiality in the Intranet under
the category Resources.

22

---



## Avoidance
of Insider Trading

You will find the
Avoidance of Insider Trading / Black-out Periods policy in the
Intranet under the category Resources.

## Black-out
Periods

Employees who have access
to insider information as a result of their work in the area of regular
financial reporting are subject to black-out periods for trading in Celanese AG
shares. Furthermore, employees who have access to insider information due to
their involvement in project work, e.g. Mergers & Acquisitions, may also be
subject to special transactional black-out periods. Those employees will receive
the information about the transactional black-out period from the Stock Market
Clearing Team or the respective superior.

You will find the
black-out periods as well as the Avoidance of Insider Trading / Black-out
Periods policy in the Intranet under the category Resources.

## Established
Policies and Procedures

A new standard global
records retention is currently being developed. For information on current
records retention procedures, please contact your in-house legal counsel.

## Generally
Accepted Accounting Principles

Generally Accepted
Accounting Principles (GAAP) are a combination of common standards and
procedures, at a particular time, for accounting and reporting of the underlying
financial data of an entity to present fairly, clearly and completely the
economic facts of the existence and operations of the company. These standards
are developed by either an authoritative accounting rule-making body
establishing a principle of reporting in a given area or via long-term universal
practice, or both.

In the United States, the
major organizations that are instrumental in developing these principles are the
Financial Accounting Standards Board (FASB), the American Institute of Certified
Public Accountants (AICPA) and the Securities and Exchange Commission (SEC).
In Germany, corporate and tax laws are supplemented by such generally
accepted accounting principles developed over long-term practice
(Grundsätze ordnungsmässiger Buchführung or GoB) as well
as the German Accounting Standards set by the German Accounting Standards Board
(Deutsche Rechnungslegungs Standard Committee (DRSC))which harmonize
German standards with international standards.

## OECD Convention on
Combating Bribery of Foreign Public Officials in International Business Transactions

The Convention makes it a
crime to offer, promise or give a bribe to a foreign public official in order to
obtain or retain international business deals. In addition, a related document
effectively puts an end to the practice according tax deductibility for bribe
payments made to foreign officials.

The Convention commits
the 35 signatory countries to adopt common rules to punish companies and
individuals that engage in bribery transactions. The OECD Working Group on
Bribery in International Business Transactions also closely monitors the
signatory countries to determine the adequacy of their implementing legislation.

## Laws that
Implement OECD Convention

USA  U.S. Foreign Corrupt
Practices Act

The U.S. Foreign Corrupt Practices
Act (FCPA) prohibits certain payments to non-U.S. officials to
influence a government act or decision in order to obtain or retain business.
These antibribery provisions apply to Celanese AG, its subsidiaries and their
officers, directors, employees and agents.

23

---



| |  | The FCPA makes it a crime to bribe or offer a bribe to a non-U.S. official,
political party, party official or candidate for political office for the
purpose of obtaining, retaining or directing business to any person, whether or
not that person is the one paying or offering the bribe.
|- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | Gifts and entertainment of officials present difficult legal issues under the
FCPA and should be reviewed with your designated legal counsel.
|- |  | ---------------------------------------------------------------------------------------------------------------------------------------------

| |  | Indirect payments made through agents are also strictly prohibited, as is the
use of personal funds for such prohibited purposes. The retention of consultants
and agents is the principal area of exposure under the FCPA.
|- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | The Company can be liable for the acts of its non-U.S. subsidiaries and
affiliates if the Company authorizes the payment or is aware of the payment and
does not take steps to demonstrate that it does not authorize or condone the
payment.
|- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | The law allows certain types of payments to non-U.S. officials, including
payments to facilitate routine government actions. However,
determining what is a facilitating payment involves difficult legal
judgments. No payments or gifts related to the Companys business
activities should be made to foreign officials, directly or indirectly,
including any payment or gift thought to be facilitating or
otherwise exempt from the law, unless approved in advance by your designated
legal counsel.
|- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Celanese AG is also
required by the FCPA to keep records that accurately and fairly reflect
transactions and dispositions of assets. It must also maintain a system of
accounting controls to assure that transactions are properly authorized, that
financial statements can be prepared in accordance with generally accepted
accounting principles and that assets are properly controlled and accounted for.
Celanese AG must require its subsidiaries, and affiliates it controls, whether
U.S. or non-U.S., to comply with these FCPA recordkeeping provisions.

Violations of the FCPA's
antibribery provisions can lead to fines against the Company of up to $2 million per
violation. Officers, directors and employees may be fined up to $100,000 per violation.
An officer, director or employee who is a U.S. citizen, resident, or otherwise subject
to U.S. jurisdiction, can be imprisoned for up to five years.

Violations of the
FCPAs recordkeeping provisions can lead to civil fines imposed by the U.S.
Securities and Exchange Commission. A person who knowingly circumvents, or fails
to implement, internal accounting controls or knowingly falsifies any records
can be fined up to $1 million and imprisoned for not more than 10 years.

Germany  The Act
on Combating International Bribery (Gesetz zur Bekämpfung
internationaler Bestechung  lntBestG)

The Act transforms the OECD
Convention into German criminal law and makes it a criminal offence to offer, promise or
grant to a member of a legislative body of a foreign state or to a member of a
parliamentary assembly of an international organization, an advantage for that member or
for a third party in order to obtain or retain for him/herself or a third party
business, or an unfair advantage in international business transactions, in return for
the Members committing an act or omission in future in connection with his/her
mandate or functions.

The Act also applies,
regardless of the place of commission, to Germans who bribe foreign public
officials in connection with international business transactions, or who bribe
foreign members of parliament in connection with international business
transactions.

Canada  Corruption of
Foreign Officials Act (the CFPOA).

The key provisions of the
CFPOA include the following:

24

---



|1. |  | it is a criminal offense to directly or indirectly bribe or offer a bribe to a
non-Canadian public official, which includes persons who hold an administrative,
legislative or judicial position or who otherwise perform public duties for the
foreign country;
|-- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2. |  | it
is a criminal offense to possess property or any proceeds of property obtained or derived
directly or indirectly from the commission of bribery;
|-- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------

|3. |  | it
is a criminal offense to launder property or any proceeds of property with the intent of
concealing that the property was obtained or derived directly or indirectly from the
commission of bribery;
|-- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4. |  | liability
for acts prohibited under the CFPOA can arise from activities conducted anywhere in the
world; and
|-- |  | ------------------------------------------------------------------------------------------------------------

|5. |  | certain
payments may be made to non-Canadian public officials, including where such payment:
|-- |  | --------------------------------------------------------------------------------------------

| |  |  | is
permitted by the laws of the non-Canadian public official's country;
| | - |  | -----------------------------------------------------------------------

| |  |  | is to reimburse the non-Canadian public official for reasonable expenses
incurred directly related to the promotion, demonstration and explanation of the
products or services of the payer or to the execution or performance of a
contract between the payer and the public officials country;
| | - |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  |  | is made to expedite or secure the performance of any act of the non-Canadian
public official that is part of the officials duties or functions.
| | - |  | ------------------------------------------------------------------------------------------------------------------------------------------------

Indirect attempts at
bribery, such as attempts by agents or consultants retained by the Company, are
also strictly prohibited under the CFPOA.

Giving gifts or providing
entertainment to non-Canadian public officials falls within a gray area under
the CFPOA.

Under the CFPOA, detailed
information about transactions and dispositions of assets must be kept in
accordance with generally accepted accounting principles.

Under the CFPOA, bribery
of non-Canadian public officials, and associated activities, is a criminal
offense exposing a wrongdoer to a penalty of up to five or ten years
imprisonment (depending upon the offense) or, if such offense is considered not
to be serious, to a lesser penalty of six months imprisonment or a
fine of up to $50,000.00 or both.

## Minor
Exceptions to the OECD Convention

Under some circumstances,
certain types of payments, including payments to facilitate routine
government actions may be permitted, but determining what is a
facilitating payment or is otherwise exempt from these laws,
involves difficult legal judgments and must be approved in advance by in-house
legal counsel.

## International
Agreements

Chemical Weapons
Convention

The Chemical Weapons
Convention, which became effective on April 29, 1997, bans the development,
production, stockpiling or use of chemical weapons and prohibits the signatories
(States Parties) from assisting or encouraging anyone to engage in a
prohibited activity. The Convention provides for the declaration and inspection
of all States Parties chemical weapons and chemical weapon production
facilities and oversees the destruction of such weapons and facilities.

The Convention also
establishes a comprehensive verification scheme and requires the declaration and
inspection of facilities that produce, process or consume certain chemicals,
many of which have significant commercial applications. The Convention also
requires States Parties to report exports and imports and to impose export and
import restrictions on certain

25

---



chemicals. These requirements apply
to all entities under the jurisdiction and control of States Parties, including
individuals and commercial entities such as Celanese.

26

---



Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies

The Wassenaar Arrangement
(WA) is the first multilateral institution covering both conventional weapons
and sensitive dual-use goods and technologies. The WA received final approval by
33 co-founding countries in July 1996, and began operations in September 1996.

The WA is designed to
prevent destabilizing accumulations of arms and dual-use goods and technologies.
The Arrangement encourages transparency, consultation and, where appropriate,
national policies of restraint. In doing so, the WA fosters greater
responsibility and accountability in transfers of arms and dual use goods and
technologies. The Arrangement also provides a venue in which governments can
consider collectively the implications of various transfers on their
international and regional security interests. This is the principal security
benefit of membership.

WA members maintain
export controls on the WA Munitions and Dual-Use lists. These lists regularly
are reviewed by experts of the Participating States and revised as needed.
However, the decision to transfer or deny any controlled item remains the
responsibility of individual member states. To facilitate meeting the WAs
principal objective of preventing destabilizing accumulations, members report on
their decisions to transfer or deny to non-members certain classes of weapons
and dual-use technologies.

WA meetings are held in
Vienna, where the Arrangement has established a small secretariat. Plenary
meetings are held at least once a year. The Plenary has established a General
Working Group, an Expert Group, and a Licensing and Enforcement Officers
subgroup, which meet periodically.

The 33 Wassenaar
Arrangement members are: Argentina, Australia, Austria, Belgium, Bulgaria,
Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary,
Ireland, Italy, Japan, Luxembourg, Netherlands, New Zealand, Norway, Poland,
Portugal, Republic of Korea, Romania, Russia, Slovakia, Spain, Sweden,
Switzerland, Turkey, Ukraine, United Kingdom, and the United States

Missile Technology Control
Regime (MTCR)

The MTCR is an informal,
political understanding among 33 member states* that seek to limit the
proliferation of missiles and missile technology.

The MTCR Partners have
committed to apply a common export policy (MTCR Guidelines) applied to a common
list (MTCR Annex) of controlled items, including virtually all key equipment and
technology needed for missile development, production, and operation. The
Guidelines and Annex are implemented by each Partner in accordance with its
national laws and legislation.

The MTCR Guidelines
restrict transfers of missiles  and technology related to missiles 
for the delivery of weapons of mass destruction (WMD). The Regime places
particular focus on missiles capable of delivering a payload of at least 500 kg
to a distance of at least 300 km  so-called Category I or
MTCR-class missiles.

The MTCR Guidelines are
open to all nations to implement, whether or not they are MTCR Partners; we
encourage all governments to unilaterally adhere to the Guidelines.

*Missile Technology
Control Regime (MTCR) Membership (as of May 1, 2001): Argentina, Australia,
Austria, Belgium, Brazil, Canada, Czech Republic, Denmark, Finland, France,
Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Republic of Korea,
Luxembourg, The Netherlands, New Zealand, Norway, Poland, Portugal, Russia,
South Africa, Spain, Sweden, Switzerland, Turkey, Ukraine, United Kingdom, and
the United States.

27

---



Australia Group

The Australia Group (AG)
was founded in 1984 to ensure that the industries of the participating countries
did not assist, either purposefully or inadvertently, states seeking to acquire
chemical and biological weapons capability.

Thirty countries
participate in the AG*. The AG has no charter or constitution and operates by
consensus. The group meets annually in Paris. Members must meet certain
criteria, including an established, effective, legally-based system of national
export controls, and demonstrated compliance with all multilateral treaties
banning CBW activities.

The AG seeks to impede
the proliferation of chemical and biological weapons by providing a multilateral
venue for:

| |  | harmonizing export controls on chemical weapons precursor chemicals and dual-use
facilities and manufacturing equipment that could be used in the production of
chemical or biological weapons;
|- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | sharing information about global trends in the proliferation of chemical and
biological weapons, and entities attempting to procure weapons related
materials;
|- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | consulting with AG non-participants, to encourage them to establish similar
national export-licensing systems.
|- |  | --------------------------------------------------------------------------------------------------------------

The AGs efforts
have made it more difficult for proliferators to acquire materials for their
chemical and biological weapons programs. Through their participation in the
Group, countries demonstrate their determination to prevent the proliferation of
chemical and biological weapons, and to support the establishment of a global
ban on chemical and biological weapons activities.

* Australia, Argentina,
Austria, Belgium, Canada, the Czech Republic, Denmark, Finland, France, Germany,
Greece, Hungary, Iceland, Ireland, Italy, Japan, Luxembourg, the Netherlands,
New Zealand, Norway, Poland, Portugal, Romania, Slovakia, South Korea, Spain,
Sweden, Switzerland, UK, and the United States.

28

---



## Regional Supplement North America

## Equal Opportunity, Discrimination and Harassment

|United States |  | Each
of Celaneses U.S.A. facilities and plants is committed to an affirmative action
program to ensure fair employment, including equal treatment in hiring, promotion,
training and compensation, termination and disciplinary action. If you are not aware of
the terms of the affirmative action program, you should contact your Human Resources/IR
Manager.
|------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Celanese
will fully comply with all U.S.A. federal, state and local laws and regulations, as well
as all foreign legal requirements, which forbid discrimination in employment on the basis
of race, color, sex, age, religion, national origin, handicapped or veteran status or
sexual orientation.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Canada |  | In
Canada, most provinces have enacted legislation that prohibits discrimination on various
grounds, including discrimination based upon race, religious beliefs, gender, physical
disability, mental disability, and age. In Alberta, the relevant act is the Human Rights,
Citizenship and Multiculturalism Act.
|------ |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

## Environment, Health and Safety

|Environmental Laws: |  | 
|------------------- |  | 

1

---



|United States |  | Celanese
AGs U.S.A. businesses are subject to federal, state and local environmental laws
that regulate the emission of pollutants into the atmosphere, the discharge of pollutants
into surface and underground waters and the handling and disposal of wastes. Important
U.S.A. federal laws in this area include the
|------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  Resource
Conservation and Recovery Act, which established a system for the management of hazardous
wastes from their creation to their disposal, or from cradle to grave;
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  Clean
Air and Water Acts, which extend broad protection to air and water resources.
| | -------------------------------------------------------------------------------------

|Canada |  | The
activities of Celanese Canada Inc. are subject to federal, provincial and municipal
environmental laws which regulate the emission of atmospheric pollutants, the discharge of
pollutants onto and below ground surfaces, and the handling and disposal of wastes.
Important Canadian environmental laws include the following:
|------ |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  Canadian
Environmental Protection Act (the CEPA). The CEPA is a federal act intended to
prevent pollution, remove threats to biological diversity, and encourage sustainable
development. The CEPA prohibits or restricts the use of certain substances, and permits
the federal government to implement regulations and guidelines with respect to these
substances.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  Environmental
Protection and Enhancement Act (the EPEA). The EPEA is an act of the Province
of Alberta intended to promote the protection, enhancement and wise use of the
environment.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | There
are many more environmental laws which may be applicable. Celanese Canada Inc. has adopted
policies and operating procedures that deal with many of these legal requirements
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Safety and Health Laws: |  | Other
laws safeguard health and safety by regulating workers physical safety, exposure to
conditions in the workplace that could harm employees, and the safe operations of our
manufacturing processes. Some of these laws establish specific industrial hygiene
procedures, standards for communication of precautions and
|----------------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2

---



| | hazards
associated with substances that Celanese uses or produces, and permissible workplace
exposure limits for certain substances.
| | ------------------------------------------------------------------------------------------------------------------------------------

|United States |  |  Occupational
Safety and Health Act regulates both physical safety and exposure to conditions in the
workplace that could harm employees. The Occupational Safety and Health Act establishes
specific industrial hygiene procedures, standards for communication of precautions and
hazards associated with substances that the Celanese uses or produces, and permissible
exposure limits for certain substances.
|------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  Toxic
Substances Control Act regulates virtually all of Celaneses products, raw materials
and intermediates that are manufactured, processed or imported into the U.S.A.A. Unless
specifically exempted, every chemical Celanese uses or sells in the U.S.A.A. must be
listed on the Environmental Protection Agencys national inventory of chemical
substances and mixtures.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | The
Toxic Substances Control Act also requires that (i) all allegations of significant adverse
reactions to chemical substances and mixtures used orsold be recorded; and (ii) any
substantial risk of injury to health or the environment presented by any chemical
substance or mixture used or sold be reported to the Environmental Protection Agency.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Canada |  | In
Canada, legislation with the specific objective of safeguarding the health and safety of
employees is primarily found in provincial legislation. In Alberta, the relevant act is
the Occupational Health and Safety Act (the OHSA). The OHSA sets standards to
protect and support the health and safety of workers throughout the province. It describes
the rights and duties of workers, employers and others connected with the workplace.
Regulations under the OHSA cover such topics as general safety, noise, chemical hazards
and first aid.
|------ |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Reporting of Spills: |  | 
|-------------------- |  | 

|United States |  | Under
various laws, spills of oils or hazardous substances exceeding defined reportable
|------------- |  | ---------------------------------------------------------------------------------------

3

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| | quantities
must be reported immediately to the National Response Center and, in some cases, to state
and local emergency response officials.
| | --------------------------------------------------------------------------------------------------------------------------------------------

| | Each
Celanese facility in the U.S.A.A. presenting potential environmental hazards also has
emergency response and spill control programs. In addition, community right to
know laws require that information be available to the public on chemical uses and
releases. Therefore, employees must immediately report any spills and/or releases of
hazardous substances to facility management.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Canada |  | Spillage
of oils or hazardous substances, or the release into the environment of any other
substances that may have an adverse effect, must be immediately reported to:
|------ |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  the
relevant provincial authorities in Alberta,; the owner of the substance, if
known; your immediate supervisor and the management at the facility; the
person who has control over the substance; any other person who may be directly
affected by such spillage or release; and municipal and local emergency response
officials if the health and safety of individuals may be at risk.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Product Safety |  | Celaneses
products may be subject to various laws, regulations and other specific requirements in
the markets Celanese serves. Therefore, it is important to ensure that the products meet
applicable requirements in the markets Celanese operates in.
|-------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

## Use of Company Assets, Property and Information

|Computer Resources/E-Mail |  | 
|------------------------- |  | 

|United States |  | Celaneses
U.S.A. companies maintain the right at any time to monitor, access, retrieve, review,
copy, delete and disclose incoming and outgoing information from employee e-mail accounts
and
|------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

4

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| | Company
computers. Employees should be aware that personal information maintained on Company
systems will be treated no differently from other information and is subject to
monitoring, retrieval and review by the Company.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

5

---



## Insider Trading

|Canada |  | In
Canada, prohibitions on the trade of securities based upon inside information
are found in each of the provincial securities acts. In Alberta, the Securities Act
prohibits persons who are in a special relationship with a publicly traded
corporation from purchasing or selling securities of the corporation based upon
information that has not been generally disclosed to the public. A person is in a
special relationship with a corporation if the person is a director, officer,
employee, associate or affiliate of the corporation, such as Celanese Canada Inc.s
relationship with Celanese AG, or is a person proposing to make a take-over bid for
securities of the corporation. A person is also in a special relationship with
the corporation if they receive inside information from another person who they know is in
a special relationship with the corporation.
|------ |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Trading
securities on the basis of inside information is a criminal offense in Canada, with
penalties of up to five years in prison and fines of up to one million dollars in Alberta.
In addition, substantial civil damages may be payable to those who suffered losses as a
consequence of a breach of these provisions.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

## Antitrust

6

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|General |  | In
the U.S.A.A., the major antitrust laws include the Sherman Act and the Robinson-Patman
Act. The Sherman Act covers all companies and individuals that do business, directly or
indirectly, in the US or with companies in the US, as well as any conduct that occurs
anywhere in the world that has an impact on US commerce. The Sherman Act also applies to
U.S. export trade if the activity has a direct, substantial and reasonably foreseeable
effect on such export trade. For example, an arrangement which would restrain a company in
the U.S.A. from selling abroad or a non-U.S-based company from selling into the U.S.A.
would likely be subject to U.S. jurisdiction. Conduct outside the U.S.A. that affects the
Company's operations in the U.S.A. could be subject to the U.S. anti-trust laws, including
criminal enforcement, even though the conduct or decision making occurs outside the
U.S.A.
|------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | In
Canada, antitrust law is governed by the federal Competition Act, which may be applicable
to transactions outside of Canada which affect Canadian individuals or the Canadian
market
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Relations with Competitors: |  | 
|--------------------------- |  | 

|United States |  | The
Sherman Act prohibits any contract, combination or conspiracy that
unreasonably restrains the nations domestic or foreign commerce. It prohibits
agreements with competitors to fix prices, directly or indirectly (e.g., rebates or credit
terms), restrict production, divide up markets, geographic territories, products or
customers; boycott a particular supplier, distributor or customer.
|------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | The
Sherman Act is prosecuted in both criminal and civil cases by the Department of Justice.
Also, most states have an antitrust statute that mirrors the Sherman Act. Penalties
include substantial monetary fines of up to $10 million for corporations, and up to
$350,000 for individuals, as well as 1-3 years jail time in a U.S. federal prison, and the
loss of salary and benefits.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Canada |  | The
Competition Act prohibits any agreement with another person that unduly restrains trade
(referred to as a conspiracy). As with the
|------ |  | ----------------------------------------------------------------------------------------------------------------------------------------

7

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| | U.S.
Sherman Act, such agreements include those with respect to price, terms of sale,
production, and allocation of markets. A breach of this provision is a criminal offense
under the Competition Act and is a per se offense in that all that is needed to prove a
breach is the existence of an agreement with the intent of restraining trade. No actual
effect on competition needs to be established.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Relations with Customers: |  | 
|------------------------- |  | 

|United States |  | The
Robinson-Patman Act prohibits a seller from discriminating in price between different
purchasers of goods of like grade and quality, where substantial competitive injury may
result.
|------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | The
act only covers the sale of commodities, and does not apply to the sale of intangibles,
such as services. To be discriminatory, the sales must be reasonably contemporaneous in
time.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | The
Robinson-Patman Act is enforced by the Federal Trade Commission through civil
administrative proceedings. It can also be enforced through private lawsuits for treble
damages and/or injunctive relief.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | In
addition, the Sherman Act prohibits an agreement between seller and customer/distributor
as to the minimum (and possibly, maximum) price at which customer will resell the product.
Non-price resale restrictions, such as geographic or customer restrictions, can be
acceptable if they are not unreasonably anti-competitive.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Canada |  | Price
discrimination under the Competition Act refers to any sale which, to the sellers
knowledge, discriminates among competitors of a purchaser in that the purchaser receives a
relative advantage in acquiring products of like quality and quantity. It also refers to
selling products in a different area of Canada at a lower price relative to other areas,
and selling products for unreasonably low prices with the effect of substantially
lessening competition or eliminating a competitor, or with the intent of doing so.
|------ |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | In
fact, the only defense under the Competition Act for price discrimination is that any
advantage was not granted as part of a practice
| | -----------------------------------------------------------------------------------------------------------------------------------------

8

---



| | of
discrimination. To clarify and relax the price discrimination provisions, the
federal government has issued interpretation guidelines which generally exclude certain
types of advantages given to purchasers from being considered to be price discrimination.
These exclusions include growth incentive discounts, fidelity discounts, conditional
discounts, exclusive dealing discounts, and functional (in-kind exchange) discounts. A
breach of the price discrimination provisions is a criminal offense.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Monopolization and Attempts to Monopolize: |  | 
|------------------------------------------ |  | 

|United States |  | Section
2 of the Sherman Act prohibits actual monopolization, attempts to monopolize and
combinations and conspiracies to monopolize. Unlike Section 1 of the Sherman Act, which
can only apply when two or more parties are involved, Section 2 can apply to the actions
of the Company alone. In order to establish a monopolization violation, it must be proved
that the Company was in possession of monopoly power (i.e., acting alone, it could raise
the market price by restricting output) in a relevant market; and willfully (i.e.,
by anticompetitive practice) acquired or maintained that power. To establish an attempt to
monopolize, it must be shown that there was a specific intent to monopolize and a
dangerous probability of success of monopolization.
|------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Canada |  | Under
the Competition Act, monopolization is referred to as an abuse of dominant
position, which refers to anti-competitive practices or acts by one or more persons
who substantially or completely control a class of business, such that it does or is
likely to have the effect of substantially lessening or preventing competition in the
marketplace. An abuse of dominant position is a civil offense in which proceedings can
only be commenced by the Canadian Commissioner of Competition.
|------ |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

9

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## International Commerce

|United States |  | Several
U.S.A. laws apply to certain transactions of non-U.S. companies owned or controlled by or
affiliated with Celanese and to the employees of such non-U.S. foreign-based (or located)
companies who participate in those transactions. Violations of these U.S. laws carry
criminal and civil penalties in the U.S.A. for U.S. and non-U.S. foreign-based (or
located) companies and their employees who are U.S. citizens or residents.
|------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Boycotts |  | The
U.S. Export Administration Act of 1979 prohibits cooperation with foreign country boycotts
that discriminate against U.S. firms or citizens on the basis of race, religion, sex or
national origin.
|-------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | This
law also prohibits compliance with requests for information or action, such as refusing to
do business, that further the boycott of a country friendly to the U.S.A. as a condition
of the sale of goods or services to a boycotting country, where the goods or services
involve U.S. persons or material, or where the cooperation is directed by the U.S. parent.
The principal international boycott in the world today is the Arab boycott of Israel and
the related blacklist of companies doing business with Israel.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Furthermore,
this law requires prompt reporting of boycott-related countries, firms or persons, whether
directed to a Celanese U..S. company or to non-U.S. companies that are owned or controlled
by the U.S. company.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Those
who violate this law could be subject to civil and criminal penalties as well as denial or
suspension of export privileges and loss of U.S. tax benefits
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------

|Product and Technical Data Controls |  | The
regulations under the U.S. Export Administration Act and the Arms Export Control Act
describe which U.S. products may be exported to foreign countries and which technical data
of U.S. origin (and products based on U.S. technical data) may be sold or disclosed to
non-U.S. parties. These restrictions can control transfers to a foreign parent or
subsidiary as well as a customer. These controls apply to all
|----------------------------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

10

---



| | destinations,
with the strictest controls applicable to communist or certain formerly communist and
middle eastern destinations. They also apply when the exporter knows or should know that
the exported products and/or technical data will be used in designing or producing
weapons. Violations can result in the imposition of severe sanctions.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Treasury Embargo Controls |  | The
Treasury Departments Office of Foreign Assets Control administers prohibitions on
commercial and financial transactions by U.S.A. companies and foreign firms owned or
controlled by U.S.A. companies, regardless of the product, with selected countries. Those
countries currently include: Cuba, North Korea, Libya, Iraq, Iran, and Sudan. Burma is the
subject of a prohibition on new investment by U.S.A. persons.
|------------------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | The
regulations provide for imprisonment and substantial fines for directors, officers and
employees of the U.S.A. firm involved in willful violation of the regulations. U.S.A.
citizens or residents acting in similar roles for the foreign subsidiaries and affiliates
may be deemed to be aware of such violations, and thus be involved in any failure to
comply with licensing requirements. The subsidiary itself may suffer other adverse
consequences, including inability to obtain licenses or delay in obtaining licenses
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | During
1996, the President of the United States signed into law additional sanctions legislation
against Cuba, Iran and Libya. Non-U.S.A. companies that invest in or profit from property
expropriated by the Cuban government may be subject to lawsuits in the U.S.A.as well as
immigration restrictions on directors and officers and their families. U.S.A. and foreign
companies that invest in the development of the oil or gas industries of Iran or Libya or
which export certain U.N. prohibited products to Libya may be subject to sanctions.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|DEA Controls |  | Under
the Domestic Chemical Diversion Control Act and implementing regulations, the Drug
Enforcement Administration (DEA) controls the export of narcotics-related chemicals and
precursors, and the involvement of U.S. citizens in overseas transactions with such
chemicals.
|------------ |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

11

---



| | Involvement
in such transactions without prior notice and/or approval may result in civil or
criminal penalties.
| | ----------------------------------------------------------------------------------------------------------------

|Canada |  | 
|------ |  | 

|Antidumping |  | The
purpose of the Special Import Measures Act (the SIMA) is to impose duties upon
the importation of goods which are dumped into the Canadian marketplace or
subsidized by the country where the goods originated from. The SIMA permits the imposition
of duties if such goods are found to materially cause or threaten injury to Canadian
production or to retard plans for Canadian production. Goods are generally considered to
have been dumped when they are sold in Canada at a price less than the price
sold in the exporters country or at a price less than the cost of production plus a
reasonable amount for profit. Subsidization of goods generally occurs when pricing of the
goods has benefited from prohibited foreign government subsidies.
|----------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|General |  | The
Export and Import Permits Act (the EIPA) is the most important Canadian
legislation governing the export and import of goods. In general, the EIPA requires that
permits be obtained prior to the exportation or importation of specified products.
|------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Products
requiring an import permit are listed on the Import Control List, which lists products
such as textiles and apparel, weapons and arms, poultry and meat products, and dairy and
other agricultural products.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | To
determine whether an export permit is required, the simplest procedure is to determine if
the export activity falls under any of the following categories:
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.
Export of all goods to countries listed on the Area Control List (ACL)
requires an export permit. Currently, the countries listed on the ACL are Angola, the
Federal Republic of Yugoslavia and Myanmar (Burma).
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2.
Export of goods listed on the Export Control List (ECL) requires an export
permit. The ECL lists products such as military-related goods and technologies (including
chemical and biological weapons), chemicals for the production of illicit
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

12

---



| | drugs,
and certain types of fauna and flora, medical products, natural resources, and
agricultural and food products.
| | ---------------------------------------------------------------------------------------------------------------------

| | 3.
Export of all goods of U.S.A. origin requires an export permit under Item 5400 of the ECL
if the goods have not been further processed or manufactured outside of the U.S.A. so as
to result in a substantial change in its value, form or use, or in the production of a new
type of goods.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Typically,
a substantial change requires that at least fifty percent of the materials comprising the
goods being exported from Canada be of non-U.S. origin.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Please
also note that there may be prohibitions imposed upon the importation and exportation of
goods to certain countries, such as the current prohibition on the exportation and
importation of goods to and from Iraq under the United Nations Act (Canada).
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Foreign Extraterritorial Measures |  | The
Foreign Extraterritorial Measures Act (the FEMA) is intended to block the
application of foreign extraterritorial measures which affect international trade and
commerce and which infringe, or are likely to infringe, upon Canadian sovereignty.
|--------------------------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Currently,
the only foreign extraterritorial measure addressed by the FEMA is U.S.A. legislation
aimed at prohibiting Canadian trade and commerce with Cuba. Orders issued under the FEMA
currently impose two obligations upon Canadian persons and corporations, as follows:
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Canadian
corporations, and their directors and officers, must report to the Attorney General of
Canada any communications received from a person in a position to direct or influence the
corporations policies when such communications relate to an extraterritorial measure
of the U.S.A. with respect to trade and commerce between Canada and Cuba; and
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Canadian
corporations, and their directors, officers and employees in positions of authority, are
expressly prohibited from complying with any U.S. measures aimed at prohibiting trade with
Cuba, or with any instructions or communications relating to such measures that are
received from
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

13

---



| | a
person in a position to direct or influence the policies of the corporations.
| | -------------------------------------------------------------------------------

| | You
should note that under U.S. extraterritorial measures, prohibitions on trade and commerce
apply not only to entities physically located in Cuba, but to other entities that the
U.S.A. has designated as Specially Designated Nationals of Cuba. The
provisions under FEMA apply to these other entities as well.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

## Political Contributions

|United States |  | In
the United States and in some other countries, it is unlawful for certain types of
political contributions to be made by corporations, whether by direct or indirect use of
corporate funds. Although individual participation in the political process and in
campaign contributions is proper and is encouraged by Celanese, in those countries, such
contributions by employees must not be made, or even appear to be made, with Celanese
funds or reimbursed from Celaneses funds. In addition, the selection of a candidate
or a party should not be or seem to be coerced or influenced by Celanese.
|------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14

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| | Political
contributions to candidates for U.S.A. Federal office by corporations, whether by direct
or indirect use of corporate funds, are prohibited by U.S.A. Federal law. Corporate
contributions to state level candidates are also prohibited in some states (e.g., Texas
and North Carolina).
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | However,
many states where Celanese companies do business (e.g., Virginia, South Carolina and New
Jersey) allow corporate contributions to state level candidates within specified limits.
When questions arise as to the legality of state level political contributions, you should
consult your designated legal counsel.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Fines
and jail sentences may be imposed on officers and directors who violate the political
contribution laws, and Celanese may be fined.
| | -----------------------------------------------------------------------------------------------------------------------------------------

| | As
authorized by the Federal Election Campaign Act, Celanese Americas Corporation sponsors
the Celanese Americas Corporation Political Action Committee (Celanese Americas
PAC). Consistent with Federal and state laws, the PAC receives contributions from
eligible individual employees of participating Celanese U.S.A. companies and makes
contributions to candidates for Federal and state office whose records and public stands
on issues support the needs of Celanese. The Committee is duly registered with the Federal
Election Commission and files required reports in individual states where contributions
are made.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | All
contributions to the Celanese Americas PAC are voluntary, and no contributions to the
Celanese Americas PAC are solicited or secured by job discrimination or financial reprisal
or by the threat of job discrimination, financial reprisal or as a condition of
employment.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Canada |  | In
Canada, the Canada Elections Act permits Canadian citizens or permanent residents, and
corporations carrying on business in Canada, to make political contributions from their
own funds to federally registered political candidates, political parties, and electoral
district associations (note that other categories of persons are also permitted to
contribute). There is no limit to a political contribution, although a tax credit will
only be
|------ |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

15

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| | issued
for monetary contributions up to a maximum of $1075.
| | -----------------------------------------------------------

| | Each
of the provinces in Canada also have elections acts which have varying criteria on
political contributions to provincially registered political candidates, political parties
and constituency associations. In Alberta, the Election Finances and Contributions
Disclosure Act restricts political contributions as follows:
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | § a
corporation normally resident outside of Alberta is not permitted to make a political
contribution;
| | -------------------------------------------------------------------------------------------------------

| | § in
any year, a political contribution must not exceed: (a) $15,000 to each registered
political party; and (b) $750.00 to any registered constituency association to an
aggregate limit of $3,750 to the constituency associations of each registered party;
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | § during
a campaign period, a political contribution must not exceed: (a) $30,000 to each
registered political party; and (b) $1,500 to any registered candidate to an aggregate
limit of $7,500 to the registered candidates of each registered party.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16