KRATON CORPORATION ANNOUNCES PRICE INCREASE FOR CTO REFINERY PRODUCTS AND DERIVATIVES

HOUSTON, Feb. 23, 2022 /PRNewswire/ — Kraton Corporation (NYSE: KRA), a leading global sustainable producer of specialty polymers and high-value bio-based products derived from pine wood pulping co-products, announces a general price increase of up to 15% across its CTO Refinery products and derivatives. This increase will be effective April 1, 2022, and/or be subject to the terms of any applicable contracts and obligations.

Kraton Corporation (NYSE "KRA") is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. Kraton's polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing products. As the largest global provider in the pine chemicals industry, the company's pine-based specialty products are sold into adhesive, road and construction and tire markets, and it produces and sells a broad range of performance chemicals into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks and mining. Kraton offers its products to a diverse customer base in over 70 countries worldwide.

*Kraton, the Kraton logo and design are all trademarks of Kraton Corporation, or its subsidiaries or affiliates, in one or more, but not all countries.

Media Contact: Mariam Ottun; T: (346) 435-8042

Gene Shiels, 281-504-4886