MX Methanex Corporation

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (“Company”) announced today the successful syndication of acquisition financing to support the earlier announced agreement to acquire OCI Global’s international methanol business (“OCI Acquisition”) for $2.05 billion.

The new financing arrangements are with a syndicate of highly rated financial institutions and include:

• Up to $650 million in Term Loan A commitments which can be drawn upon closing of the OCI Acquisition. The Term Loan A carries a variable interest rate and is split between three and four-year tenors that can be flexibly repaid to support de-levering.

• $600 million in revolving credit facility commitments, split between a $400 million tranche which will have a renewed five-year tenor and a $200 million tranche with a three-year tenor, both from closing of the OCI Acquisition. This new facility will replace the Company’s existing $500 million facility which remains available until the transaction closes.

• Both the Term Loan A and new revolving credit facility include financial covenants consistent with the Company’s existing credit facilities.

The syndication banks continue to underwrite the remaining bridge facility of $525 million.

Dean Richardson, Senior Vice President, Finance & Chief Financial Officer of Methanex, said, “I am pleased to announce this successful syndication which had the unanimous support of our banking partners. The structure of the Term Loan A provides flexibility to support our commitment to de-lever.”

Methanex is a Vancouver-based, publicly traded company and is the world’s largest supplier of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol “MX” and on the NASDAQ Global Market in the United States under the trading symbol “MEOH”. Methanex can be visited online at www.methanex.com.

Inquiries:Sarah HerriottDirector, Investor RelationsMethanex Corporation 604-661-2600 or Toll Free: 1-800-661-8851www.methanex.com