Braskem Finance Limited Announces Intention to Launch Tender Offers and Consent Solicitations for 11.75% Notes Due 2014, 9.375% Notes Due 2015 and 8.00% Notes Due 2017

By Braskem Finance Limited, PRNE
Tuesday, April 5, 2011

SAO PAULO, April 6, 2011 - Braskem Finance Limited ("Braskem Finance"), intends to commence offers
to purchase for cash (with respect to each series of Notes (defined below), a
"Tender Offer" and, collectively, the "Tender Offers") any and all
outstanding 11.75% Notes due 2014 (the "2014 Notes"), 9.375% Notes due 2015
(the "2015 Notes") and 8.00% Notes due 2017 (the "2017 Notes" and, together
with the 2014 Notes and the 2015 Notes, the "Notes") following the
announcement of terms of an anticipated financing transaction. Braskem
Finance and Braskem S.A. ("Braskem"), the parent company of Braskem Finance,
are co-issuers of the 2014 Notes and the 2017 Notes, and Braskem is the
issuer of the 2015 Notes.

In connection with each Tender Offer, Braskem Finance also intends to
solicit (with respect to each series of Notes, a "Consent Solicitation" and,
collectively, the "Consent Solicitations") the consents of the holders of
each series of Notes to the adoption of certain amendments (the "Proposed
Amendments") to each of the indentures or issuing and paying agency agreement
governing the Notes (collectively, the "Governing Debt Instruments") to
eliminate substantially all of the restrictive covenants, as well as
specified events of default and related provisions contained in each of the
Governing Debt Instruments. With respect to each Governing Debt Instrument,
the Proposed Amendments require the consent of holders of a majority in
aggregate principal amount of the applicable Notes outstanding (excluding any
Notes held by Braskem Finance or its affiliates).

The following table sets forth the anticipated Purchase Price for each
series of Notes:

                               Aggregate Principal      Anticipated
                                      Amount             Purchase
       Title of Security       -------------------      -----------
       -----------------          Outstanding(1)          Price(2)
                                  --------------          --------
     11.75% Notes due 2014
          (CUSIP Nos.
         10553HAE2 and
           ISIN Nos.
       US10553HAE27 and
         US10553JAE82)           U.S.$250,000,000      U.S.$1,242.50

     9.375% Notes due 2015
          (CUSIP Nos.
         105532AB1 and
           ISIN Nos.
       US105532AB19 and
         USP18533AF95)           U.S.$250,000,000      U.S.$1,220.00

      8.00% Notes due 2017
          (CUSIP Nos.
         105532AD7 and
           ISIN Nos.
        US105532AD74 and
          USP18533AK80)          U.S.$275,000,000      U.S.$1,168.75

(1) Amount includes U.S.$100.0 million of 2015 Notes held by a subsidiary
of Braskem.

(2) The amount to be paid for each U.S.$1,000 principal amount of Notes
validly tendered and accepted for purchase, excluding accrued and unpaid
interest, which will be paid in addition to the Purchase Price. The Purchase
Price includes an anticipated consent payment equal to U.S.$20 for each
U.S.$1,000 principal amount of Notes accepted for purchase pursuant to each
of the Tender Offers.

This announcement is not an offer to purchase, a solicitation of an offer
to purchase or a solicitation of consents. The Tender Offers and Consent
Solicitations will be made solely pursuant to an offer to purchase and
consent solicitation statement and related letter of transmittal and consent.


This press release contains statements that are forward-looking within
the meaning of Section 27A of the U.S. Securities Act of 1933, as amended,
and Section 21E of the U.S. Securities Exchange Act of 1934, as amended.
Forward-looking statements are only predictions and are not guarantees of
future performance. Investors are cautioned that any such forward-looking
statements are and will be, as the case may be, subject to many risks,
uncertainties and factors relating to Braskem Finance that may cause the
actual results to be materially different from any future results expressed
or implied in such forward-looking statements. Although Braskem Finance
believes that the expectations and assumptions reflected in the
forward-looking statements are reasonable based on information currently
available to Braskem Finance's management, Braskem Finance cannot guarantee
future results or events. Braskem Finance expressly disclaims a duty to
update any of the forward-looking statements.

Tom Long, +1-212-493-6920

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