The Valence Group Announces Successfully Advising Cytec Industries, Inc. on the Sale of its Building Block Chemicals Business

NEW YORK, January 31, 2011 - The Valence Group announces that it has successfully advised Cytec
Industries, Inc. (NYSE: CYT) on the sale of its Building Block Chemicals
Business, with 2010 sales of $600 million, to an affiliate of HIG Capital,
LLC. Total consideration to be received of $180 million includes cash
consideration of $165 million at closing and a Note for $15 million. The sale
is subject to customary closing conditions.

(Logo: photos.prnewswire.com/prnh/20110118/NY30970LOGO )

The Building Block Chemicals product lines include acrylonitrile,
sulfuric acid and melamine which are produced mostly for third party sale.

Josh Hay, Partner, said: "The Valence Group is delighted to have had this
opportunity to advise Cytec and help play an important role in their
strategic realignment."

Telly Zachariades, Partner added: "Working with a leading global
specialty chemical company like Cytec is extremely gratifying. This is a
significant transaction in the development of The Valence Group and evidence
of our continuing increase in stature and market presence in the industry."

About Cytec

Cytec Industries, Inc. (NYSE: CYT) is a publicly traded specialty
chemical and material technologies company serving a diverse range of end
markets including aerospace composites, structural adhesives, automotive and
industrial coatings, chemical intermediates, electronics, inks, mining and
plastics.

About The Valence Group

The Valence Group is a specialist M&A boutique offering advisory services
exclusively to companies and investors in the chemicals, materials and
related sectors. The firm has developed broad and deep transactional
expertise: sell-side, buy-side, joint venture, private companies, public
offers, corporate carve-outs, LBOs and management buy-outs. The founders and
senior members of The Valence Group have worked together for between 10 and
15 years and collectively have more than 130 years of transactional
experience gained both at major investment banks and within chemical
companies. The firm's offices are located in London, New York and Shanghai.

www.valencegroup.com

Paul Lakind, Chief Administrative Officer, +1-212-847-7339, plakind at valencegroup.com