Legal Notice

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Copyright Information
Copyright© 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005
Olin Corporation
190 Carondelet
Suite 1530
Clayton, MO 63105

All rights reserved

Permission to copy and distribute all documents and related graphics from this web site is granted subject to the following:

1. The materials provided herein are for informational purposes and personal use only.
2. Any copies of documents and related graphics contained within this web site or portions thereof must include the above copyright notice.
3. You may not otherwise distribute, modify, transmit, report, or use the content of this web site for public or commercial purposes, including the text, graphics, images, audio or video, without Olin Corporation's prior written permission.

Each document published by Olin Corporation on this web site may contain other proprietary notices and copyright information the terms of which must be observed and followed. This web site may describe products, services, processes or technologies owned by Olin Corporation or third parties.

Nothing contained herein shall be construed as granting to the user, either expressly or impliedly, a license under any copyright, trademark, patent or other intellectual property right of Olin Corporation or any third party.

Trademarks And Tradenames

The Olin Corporation name and logo, and all related product and service names, design marks and slogans are the trademarks, service marks or registered trademarks of Olin Corporation. All other products and service marks contained herein are the trademarks of their respective owners. The Olin Corporation name and logo and other trademarks and trade names owned by Olin Corporation may not be used in any commercial manner without the prior written consent of Olin Corporation.

Consent to Monitoring

Olin Corporation is under no obligation to monitor the information residing on or transmitted to this web site. However, anyone using this web site agrees that Olin Corporation may monitor the web site contents periodically to: (1) comply with any necessary laws, regulations or other governmental requests; (2) operate the web site properly; or (3) protect itself and its users. Olin Corporation in its sole discretion reserves the right to modify, reject or eliminate any information residing on or transmitted to its web site.

Submissions to Web Site Are Not In Confidence

Olin Corporation does not want to receive confidential or proprietary information from you through this web site. Should any user of information on this web site provide Olin Corporation with information, including but not limited to feedback, data, answers, questions, comments, suggestions, plans, ideas or the like, such information shall be deemed to be unsolicited, nonproprietary and nonconfidential and shall become the property of Olin Corporation. Olin Corporation assumes no obligation to protect such information from disclosure. The submission of such information to Olin Corporation shall in no way prevent the purchase, manufacture or use of similar products, services, plans and ideas by Olin Corporation for any purpose whatever and Olin Corporation shall have an unrestricted and irrevocable right to reproduce, use, publish, broadcast, disclose, display, perform, modify, transmit and distribute the information to others without restriction. Olin cannot prevent the "harvesting" of information from this web site, and you may be contacted by Olin or unrelated third parties, by e-mail or otherwise, within or outside of this web site. You are prohibited from posting or transmitting any unlawful, threatening, libelous, defamatory, obscene, scandalous, inflammatory, pornographic, or profane material or any material that could constitute or encourage conduct that would be considered a criminal offense, give rise to civil liability, or otherwise violate any law. Olin will fully cooperate with any law enforcement authorities or court order requesting or directing Olin to disclose the identity of or help identify or locate anyone posting any such information or materials.

Disclaimers of Liability

THE USER OF THIS WEB SITE ASSUMES ALL RESPONSIBILITY AND RISK FOR THE USE OF THIS WEB SITE OR ANY OTHER LINKED WEB SITES AND THE INTERNET GENERALLY. OLIN CORPORATION AND ITS AFFILIATES DISCLAIM ALL WARRANTIES, REPRESENTATIONS OR ENDORSEMENTS, EXPRESS OR IMPLIED, WITH REGARD TO THE INFORMATION ACCESSED FROM, OR VIA, THIS WEB SITE OR ANY OTHER LINKED WEB SITE OR THE INTERNET GENERALLY, INCLUDING, BUT NOT LIMITED TO, ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NONINFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS.

OLIN CORPORATION DOES NOT ASSUME ANY LEGAL LIABILITY OR RESPONSIBILITY FOR THE ACCURACY, COMPLETENESS, OR USEFULNESS OF ANY INFORMATION, APPARATUS, PRODUCT OR PROCESS DISCLOSED ON THIS WEB SITE OR OTHER MATERIAL ACCESSIBLE FROM THIS WEB SITE. IN NO EVENT SHALL OLIN CORPORATION AND ITS AFFILIATES OR SHAREHOLDERS, DIRECTORS, AGENTS, OFFICERS OR EMPLOYEES OF ANY OF THEM BE LIABLE FOR ANY SPECIAL, INCIDENTAL, INDIRECT OR OTHER CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER, RESULTING FROM ANY USE OF THIS WEB SITE OR ANY OTHER LINKED WEB SITE OR THE INTERNET GENERALLY, INCLUDING WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF OLIN CORPORATION IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND WHETHER SUCH DAMAGES ARISE IN AN ACTION OF CONTRACT, NEGLIGENCE OR OTHER TORTIOUS OR LEGAL ACTION. OLIN SHALL NOT BE LIABLE FOR DAMAGES OF ANY KIND WHATSOEVER ARISING OUT OF YOUR RELIANCE ON THE INFORMATION ON THIS WEB SITE.

OLIN ASSUMES NO responsibility, and shall not be liable for any damages RESULTING FROM viruses that may infect, your computer equipment, software, data or other property on account of your access to, use of, or browsing in THIS Web site OR ANY OTHER LINKED WEB SITES OR THE INTERNET GENERALLY or your downloading of any materials, data, text, images, video or audio from thIS Web site or any OTHER linked web sites OR THE INTERNET GENERALLY.

No Warranties

Information on this web site may include technical inaccuracies or typographical errors. Olin Corporation, in its sole discretion, has the right, but not the obligation, to make changes and updates to any information contained within this web site, without prior notice. Olin Corporation, in its sole discretion, also has the right, but not the obligation, to make changes or improvements to the products or programs described within this web site, without prior notice. Some of the information included on this web site was taken in its entirety from written materials previously distributed publicly by Olin Corporation.

Information included on this web site speaks as of the date it was first published in print or as of the date it was published on this web site, whichever date is earlier. Republication on this web site of previously printed material means that it was not updated from its date of original printing. Interested persons are referred to the regular financial media for news of important developments concerning Olin.

THE INFORMATION PROVIDED ON THIS WEB SITE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE, NONINFRINGEMENT OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. NO ADVICE OR INFORMATION GIVEN BY OLIN CORPORATION OR ITS AFFILIATES OR THEIR RESPECTIVE EMPLOYEES SHALL CREATE ANY WARRANTY WHATSOEVER.

NEITHER OLIN CORPORATION NOR ITS AFFILIATES WARRANT THAT THE INFORMATION ON THIS WEB SITE OR ON ANY LINKED WEB SITES OR ON THE INTERNET GENERALLY WILL BE UNINTERRUPTABLE OR ERROR FREE OR THAT ANY INFORMATION, SOFTWARE OR OTHER MATERIAL ACCESSIBLE FROM THIS WEB SITE IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.

Disclaimer of Endorsement

Reference herein to any products, services, processes, links to third parties or other information by trade name, trademark, manufacturer, supplier or otherwise does not necessarily constitute or imply its endorsement, approval, sponsorship or recommendation by Olin Corporation or its affiliates. Product and service information are the sole responsibility of each individual vendor. Your linking from this web site to any other web site is at your own risk.

United States Governing Law
The posting of this web site on the World Wide Web by Olin Corporation is a passive activity. In itself access to this web site by persons in any jurisdiction does not imply that Olin Corporation or any of its affiliates intends to purposefully avail itself of the privilege of conducting activities within such jurisdiction, nor does it imply that Olin Corporation invokes the benefits and protections of the laws of such jurisdiction. This web site was developed in the United States of America in accordance with and shall be governed by, and your browsing in and use of the web site shall be deemed acceptance of, the laws of the State of Connecticut, United States of America. Notwithstanding the foregoing, this web site may be viewed internationally and may contain references to products or services not available in all countries. References to a particular product or service does not imply that Olin Corporation intends to make such products or services available in such countries.

Cautionary Statement under Federal Securities Laws

This website includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to analyses and other information that are based on management's beliefs, certain assumptions made by management, forecasts of future results, and current expectations, estimates and projections about the markets and economy in which we and our various segments operate. The statements contained in this website that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties. We have used the words "anticipate," "intend," "may," "expect," "believe," "should," "plan," "will," "estimate," and variations of such words and similar expressions in this website to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict and many of which are beyond our control. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise. The risks, uncertainties and assumptions that are involved in our forward-looking statements include, but are not limited to:

• general economic, business and market conditions in the United States and overseas, including economic instability or a downturn in the markets served by us, such as automotive, electronics, coinage, telecommunications, ammunition and housing;
• the cyclical nature of our operating results;
• competitive pressures affecting selling prices and volumes, particularly changes in electrochemical unit, which we refer to as an ECU, prices from expected levels;
• the supply/demand balance for our products, including the impact of excess industry capacity;
• the occurrence of unexpected manufacturing interruptions/outages, including those occurring as a result of production hazards;
• efficacy of new technologies;
• loss of key customers or suppliers;
• acceleration or expansion of backward integration by current and potential customers;
• higher than expected raw material and utility costs;
• higher than expected transportation and/or logistics costs;
• failure to achieve targeted cost reduction programs;
• environmental costs and other expenditures in excess of those projected;
• changes in laws and regulations inside or outside the United States;
• higher than expected interest rates; and
• the occurrence of extraordinary events, such as the attacks on the World Trade Center and the Pentagon that occurred on September 11, 2001.

All of our forward-looking statements should be considered in light of these factors.