Huntsman Family to Undertake Separate Relief Initiative

PRNewswire
January 7, 2005

HOUSTON, Jan. 7 /PRNewswire/ — Peter R. Huntsman, President and CEO of
the Huntsman companies, today announced an initial donation of $1
million to aid in the relief of victims of the tsunami disaster. Mr.
Huntsman said $500,000 will be in cash from the company and its
employees, and the company will make an additional $500,000 donation in
material, supplies and similar in-kind contributions.

“We all have been horribly saddened and deeply impacted by this
tragedy,” said Mr. Huntsman. “Pictures of the aftermath defy
description, and our hearts go out to those who have lost so much.”

“The world will be dealing with the results of this catastrophe for many
years to come, and our initial efforts will be just the first of many
the company will make to help alleviate the suffering of those
affected,” he said.

Mr. Huntsman said the company also will work with its customers to
develop and institute joint relief initiatives.

Independent of the company, the Huntsman family will initiate a
long-term tsunami relief effort similar to what it did in Armenia
following the earthquake that devastated that country in 1988. The
family has had humanitarian initiatives underway in Armenia for more
than 15 years, expending in excess of $50 million.

Jon M. Huntsman, founder and chairman of the Huntsman companies, who
directs the family’s philanthropic activities, commented, “We believe in
taking a long-term, stepped approach to providing aid to disaster
victims. We applaud those who make one-time contributions but believe we
can positively impact more people by working closely with governments
and local relief agencies over a long period of time to rebuild
businesses, homes and lives.”

As he did with Armenia, Mr. Huntsman said, he will conduct a detailed
needs assessment and determine the most effective way to proceed before
announcing specific relief steps.

From: Emil Lazarian | Ararat NewsPress