Exhibit 99.1
NEWS RELEASE
| Contact: | Mickey Foster Vice President Corporate and Investor Relations (732) 933-5140 |
FOR IMMEDIATE RELEASE
MILLENNIUM CHEMICALS SCHEDULES FIRST QUARTER 2003 EARNINGS RESULTS
AND OUTLOOK AND INTERNET WEBCAST/TELECONFERENCE
Red Bank, New Jersey, March 31, 2003 -- Millennium Chemicals (NYSE-MCH) (“Millennium”) announces the following schedule and contact information for its first quarter earnings release and outlook and webcast/teleconference:
| Earnings Release: | Monday, April 28, 2003 after the NYSE closes By PrimeZone Media Network distribution and Millennium's web site at: HTTP://WWW.MILLENNIUMCHEM.COM, click on Investor Relations |
| Teleconference: | Tuesday, April 29, 2003 - 9:30 a.m. EDT |
| Dial in Number: | 973-935-8504 Please call 5-10 minutes before the scheduled start of the teleconference |
| Speakers: | Bill Landuyt, Chairman and CEO Jack Lushefski, Sr. Vice President and Chief Financial Officer Mickey Foster, Vice President, Corporate and Investor Relations |
| Webcast: | You can conveniently view the slide presentation and listen to remarks live by accessing our websiteHTTP://WWW.MILLENNIUMCHEM.COM and click on Investor Relations |
| Replay: | 973-341-3080, ID# 3839719 available through May 6, 2003 |
Millennium Chemicals (website: www.millenniumchem.com) is a major international chemicals company, with leading market positions in a broad range of commodity, industrial, performance and specialty chemicals.
Millennium Chemicals is:
- The second-largest producer of TiO2 in the world and a leading producer of titanium tetrachloride and other products,including zirconia, cadmium/selenium pigments and silica gel;
- The second-largest producer of acetic acid and vinyl acetate monomer in North America;
- A leading producer of fragrance chemicals; and,
- Through its 29.5% interest in Equistar Chemicals, LP, a partner in the second-largest producer of ethylene and third-largest producer of polyethylene in North America, and a leading producer of performance polymers, oxygenated chemicals, aromatics and specialty petrochemicals.
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