Frost & Sullivan Anticipates Strong Growth for the Angolan Chemicals Market

CAPE TOWN, South Africa, May 24, 2010 - The Angolan chemicals market is set for robust expansion. The specialty
chemicals segment exhibits the strongest resilience to the prevailing market
conditions in the short-term. In the medium- and long- terms, the sector is
poised to witness high growth.

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New analysis from Frost & Sullivan (www.chemicals.frost.com),
Angolan Chemicals Market, finds that the market earned revenues of US$3,717.0
million in 2008 and estimates this to reach US$9,610.8 in 2015. The following
segments are covered in the analysis: base chemicals, agricultural chemicals,
speciality chemicals and consumer chemicals.

If you are interested in more information on this study, please send an
e-mail to Patrick Cairns, Corporate Communications, at
patrick.cairns@frost.com, with your full name, company name, title, telephone
number, company e-mail address, company website, city, state and country.

"The construction, mining and oilfield end-user segments in the specialty
chemicals market are poised to show the strongest growth," notes Frost &
Sullivan Research Analyst Kholofelo Maele. "The end of the civil war and the
subsequent economic reforms undertaken by the government have played an
important role in the growth of the chemicals market in Angola."

Government investments towards rebuilding the country's infrastructure
have driven the demand for chemicals, and the relatively stable political
situation has encouraged greater investment into the country's manufacturing,
oil and agriculture sectors. As the manufacturing industry expands, there is
likely to be enhanced demand for specialty operational chemicals, additives
and raw material inputs.

However, Angola has one of the highest costs of establishing a business
in Africa. This includes costs related to acquiring land or office space,
registration processes and acquiring the necessary equipment. In addition,
living costs in the country are very high.

"These considerable initial costs are accompanied by significant ongoing
costs for services and goods," adds Maele. "This presents a major barrier to
entry as it increases the financial risks involved in entering the country,
which is largely still considered high risk."

However, Angola's sovereign risk rating has improved to similar levels to
the initial classifications given to emerging countries such as Russia and
Brazil. The current ratings for Angola are likely to impact positively on
investor confidence, especially considering the prospect of sizeable returns
and the high growth potential of the Angolan chemicals market.

Due to the high demand for energy, the oil sector has shown itself to be
attractive for investment. In other chemicals sectors, in-depth market
analysis and the development of strong end-user relationships and
partnerships with local companies are key success factors.

"Entry into the Angolan market through distributors or through direct
supply to multinational companies based in the country is a common strategy
employed by new market participants," concludes Maele.

Angolan Chemicals Market is part of the Chemicals & Materials Growth
Partnership Service programme, which also includes research in the following
markets: South African Market for Construction Chemicals, South African
Industrial Paints and Coatings Market and, Sub-Saharan African Biofuels
Market. All research included in subscriptions provide detailed market
opportunities and industry trends that have been evaluated following
extensive interviews with market participants.

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    Angolan Chemicals Market
    M4BC

    Contact:
    Patrick Cairns
    Corporate Communications - Africa
    P: +27-18-464-2402
    E: patrick.cairns@frost.com

www.frost.com

Patrick Cairns, Corporate Communications - Africa of Frost & Sullivan, +27-18-464-2402, patrick.cairns at frost.com