DuPont and ChemFirst Continue Joint Investigation of Plant Explosion

16-Oct-2002

Wilmington Oct 15, 2002 - DuPont and ChemFirst Inc. announced today that DuPont has informed ChemFirst that DuPont will not be in a position to consummate its acquisition of ChemFirst until further investigation of the previously announced explosion at ChemFirst's plant located at the Bayou Cassotte Industrial Park in Pascagoula, Mississippi. ChemFirst is cooperating with DuPont to provide information regarding the accident and the recovery process. The parties are working diligently to complete the investigation. Currently, the plant is shut down for clean-up and inspection.

The special meeting of ChemFirst's shareholders to approve the acquisition is still scheduled to take place this Wednesday, October 16, 2002.

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