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2014 News Releases
December 15, 2003

Methanex Acquires Additional Production Flexibility
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation has entered into an agreement with Terra Industries to acquire all of Terra's methanol customer contracts relating to its 700,000 tonne per year methanol facility located in Beaumont, Texas. In addition, Methanex will acquire certain production rights to the facility and exclusive rights to all methanol produced at the facility until the end o...

December 09, 2003

Methanex Maintains Financial Strength and Flexibility with New Banking Facility
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation has finalized a US$250 million three-year revolving credit facility with a syndicate of banks. The new facility replaces the expiring US$291 million revolver and allows the Company to maintain its strong and flexible financial position. RBC Capital Markets Inc. was the Lead Arranger for the facility. Bruce Aitken, President and...

December 08, 2003

Methanex Announces Successful Completion of Consent Solicitation
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation announced today the successful completion of its previously announced solicitation of consents to a proposed amendment to the Indenture relating to its 7.75% Notes due August 15, 2005 (the @Notes@). The Indenture provides that Methanex may not make any restricted payment if, as a result, the Company's @Consolidated Net Worth@, wh...

November 21, 2003

Methanex Announces Consent Solicitation
VANCOUVER, BRITISH COLUMBIA--Methanex announced today that it has commenced a solicitation of consents to a proposed amendment to the Indenture relating to its 7.75% notes due August 15, 2005 (the @Notes@). The consent solicitation will expire at 5:00 PM (New York time) on Monday, December 8, 2003. The Indenture provides that Methanex may not make any restricted payment if, as a...

November 21, 2003

Methanex to Write Down New Zealand and Medicine Hat Methanol Facilities
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation announced today that it will write down the carrying value of its methanol production assets in New Zealand and Alberta. The non-cash before and after-tax charge of approximately US$130 million will be taken in the fourth quarter of 2003. In February 2003, following a re-determination process, Methanex lost substantially all of...

November 20, 2003

Methanex Corporation-Notice of Cash Dividend
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation announced today that its Board of Directors has declared a quarterly dividend of US$0.06 per share that will be payable on December 31, 2003 to holders of common shares of record on December 17, 2003. Methanex is the world's largest producer and marketer of methanol. Methanex shares are listed for trading on the Toronto Stock Exc...

October 20, 2003

Methanex Continues to Generate Significant Cash
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation recorded income before unusual items (after-tax) of US$32.1 million (US$0.27 per share) and generated EBITDA(1) of US$83.0 million for the third quarter ended September 30, 2003. This compares to income before unusual items (after-tax) and net income of US$49.9 million (US$0.39 per share) and EBITDA of US$100.6 million for the second...

September 29, 2003

Methanex not to Proceed with Methanol Facility in Western Australia
VANCOUVER, BRITISH COLUMBIA-- Methanex Corporation today announced that it will not proceed with the construction of a 1.3 million tonne per year methanol plant located on the Burrup Peninsula in Western Australia as capital costs for the proposed project have escalated to an unacceptable level. Methanex will take a one-time, non-cash charge, which is expected to be approximat...

September 05, 2003

Methanex Announces Corporate and Board Changes
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation today announced that the Board of Directors has approved a number of changes to the Corporation and to the Board of Directors. To support the continued growth and market leadership of Methanex, the world's largest producer and marketer of methanol, the company has created a new position of President and Chief Operating Officer....

September 05, 2003

Methanex Announces Increase in Quarterly Dividend
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation announced today that its Board of Directors has approved an increase in the Company's quarterly dividend to shareholders. The quarterly dividend will increase by 20 percent from US$0.05 per share to US$0.06 per share and will apply commencing with the dividend payable on September 30, 2003 to holders of common shares of record on S...

July 21, 2003

Methanex Continues to Produce Strong Financial Results
NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: METHANEX CORPORATION TSX SYMBOL: MX NASDAQ SYMBOL: MEOH JULY 21, 2003 - 21:33 ET Methanex Continues to Produce Strong Financial Results VANCOUVER, BRITISH COLUMBIA--Methanex Corporation recorded net income of US$49.9 million (US$0.39 per share) and generated EBITDA(1) of US$100.6 million for the second quarter ended June ...

July 01, 2003

Methanex Gains Future Operating Flexibility at Kitimat Methanol Plant
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation has acquired the Kitimat, British Columbia ammonia production assets of Pacific Ammonia Inc. (PAI) for US$20 million, to be paid in installments through to the end of 2005. Under the previous ownership structure, Methanex had an obligation to supply by-product hydrogen from the methanol production process to its site partner PAI ...

June 30, 2003

Methanex Completes Buyback of 9.0 Million Shares from Nova Chemicals
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation announced today that, after receiving the approval of its shareholders (other than NOVA Chemicals Corporation (NOVA) and its affiliates) at a special meeting held today, the Company has completed its indirect repurchase of 9.0 million of its common shares from NOVA, leaving NOVA with no remaining equity interest in Methanex. The ...

June 05, 2003

Methanex Announces Closing of Secondary Offering of its Common Shares
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation today announced that the secondary offering of 37,946,876 of the Company's common shares previously owned by NOVA Chemicals Corporation (NOVA) has closed. On May 21, 2003, Methanex and NOVA announced that they had entered into an agreement with a syndicate of underwriters in connection with the secondary offering. The offering pric...

June 03, 2003

Methanex Corporation to Participate in Scotia Capital Materials Conference
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation will participate in the Scotia Capital Materials Conference to be held in Toronto on Thursday, June 5, 2003. Mr. Pierre Choquette, Methanex's President and Chief Executive Officer, will present at approximately 2:20 p.m. Eastern Time. Interested participants can access a live audio webcast of the presentation and slide materials ...

May 22, 2003

Methanex Corporation-Notice Of Cash Dividend
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation announced today that its Board of Directors has declared a quarterly dividend of US$0.05 per share that will be payable on June 30, 2003 to holders of common shares of record on June 16, 2003. Methanex is the world's largest producer and marketer of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange ...

May 21, 2003

Methanex Seeks Shareholder Approval To Participate In Exit Of Nova Chemicals
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation announced today that it has agreed to purchase 9.0 million of its common shares from NOVA Chemicals Corporation (NOVA). Currently, NOVA is Methanex's largest shareholder, holding 46.9 million shares, or 37% of the outstanding shares. The purchase price for the shares will be US$ 9.85 per share, which is the same price as NOVA w...

May 21, 2003

Methanex Corporation Announces Secondary Offering Of Its Common Shares
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation today announced that the Company and its largest shareholder, NOVA Chemicals Corporation (NOVA), have entered into an agreement with a syndicate of underwriters in connection with a secondary offering of 37.9 million of the Company's common shares owned by NOVA at an offering price of CAD$13.30 per share, or US$9.85 per share, fo...

May 21, 2003

Methanex Corporation Announces Secondary Offering Of Its Common Shares
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation today announced that the Company and its largest shareholder, NOVA Chemicals Corporation (NOVA), have entered into an agreement with a syndicate of underwriters in connection with a secondary offering of 37,946,876 of the Company's common shares owned by NOVA at an offering price of CAD$13.30 per share, or US$9.85 per share, for aggregate proc...

May 21, 2003

Methanex Seeks Shareholder Approval to Participate in Exit of Nova Chemicals
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation announced today that it has agreed to purchase 9.0 million of its common shares from NOVA Chemicals Corporation (NOVA). Currently, NOVA is Methanex's largest shareholder, holding 46.9 million shares, or 37% of the outstanding shares. The purchase price for the shares will be US$9.85 per share, which is the same price as NOVA wi...

May 15, 2003

Methanex to Acquire 850,000 Tonne Per Year Titan Methanol Facility in Trinidad
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation today announced that it has agreed to acquire the remaining 90% interest in the 850,000 tonne per year Titan methanol facility in Trinidad from Beacon Energy and BP. Methanex had acquired a 10% interest in the plant in 2000. The total purchase price, including estimated transaction costs, is approximately US$79 million. The purchas...

May 13, 2003

Methanex to Webcast Annual General Meeting May 22, 2003
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation will webcast its upcoming Annual General Meeting as well as remarks by President and CEO, Pierre Choquette. The meeting will be held at the Vancouver Convention @ Exhibition Centre in Vancouver, British Columbia on Thursday, May 22, 2003 at 10:30 a.m. (PDT). Mr. Choquette's remarks will include a review of Methanex's results a...

April 21, 2003

Methanex Continues to Deliver Strong Financial Results and Cash Generation
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation recorded net income of US$75.5 million (US$0.60 per share) and generated EBITDA of US$125.1 million for the first quarter ended March 31, 2003. The first quarter 2003 results compare to a net loss of US$30.4 million (US$0.24 per share) and EBITDA of US$99.0 million for the fourth quarter 2002, and to a net loss of US$17.4 million ...

March 13, 2003

Methanex Reviewing Options for Long-Term Methanol Supply in Asia Pacific
VANCOUVER, BRITISH COLUMBIA--Methanex announced today that its currently proposed two million tonne per year methanol project planned for the Burrup Peninsula of Western Australia has been put on hold as the Company studies alternatives for long-term methanol supply to its customers in Asia Pacific. Bruce Aitken, Methanex's Senior Vice President for Asia Pacific, commented, @T...

March 07, 2003

Methanex Corporation: Notice of Cash Dividend
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation announced today that its Board of Directors has declared a quarterly dividend of US$0.05 per share that will be payable on March 31, 2003 to holders of common shares of record on March 17, 2003. Methanex is the world's largest producer and marketer of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange...

February 06, 2003

Methanex Receives Final Report On New Zealand Gas Contract Re-Determination
VANCOUVER, BRITISH COLUMBIA--The Maui natural gas field has historically been the primary gas supply source for Methanex's New Zealand plants. A contractual process initiated in December 2001 to re-determine the economically recoverable natural gas reserves of the Maui field is now complete. The independent expert, who was appointed by the parties to the Maui gas contract, has r...

January 27, 2003

Methanex Continues to Generate Substantial Cash in Strong Methanol Price Environment
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation recorded income before unusual items (after-tax) of US$55.3 million (US$0.44 per share) and generated EBITDA of US$99.0 million for the fourth quarter ended December 31, 2002. The fourth quarter 2002 results compare to net income of US$58.5 million (US$0.47 per share) and EBITDA of US$108.0 million for the third quarter 2002, and to...

January 27, 2003

Methanex Announces Special Dividend
VANCOUVER, BRITISH COLUMBIA--Methanex Corporation announced today that its Board of Directors has approved the distribution of a special dividend to shareholders of US$0.25 per share. The dividend will be payable on February 14, 2003 to holders of common shares of record on February 6, 2003. Pierre Choquette, President and CEO of Methanex, commented, @We are very pleased to h...