Albemarle Corporation announced the pricing of the previously announced cash tender offers by the Company and two of its wholly-owned subsidiaries, Albemarle Wodgina Pty Ltd. and Albemarle New Holding GmbH (the Issuers), for up to $100,000,000 in aggregate principal amount of securities of the Dollar Tender Offer and up to €100,000,000 in aggregate principal amount of securities of the Euro Tender Offer. The Tender Offers are being made pursuant to an Offer to Purchase, dated March 1, 2021, which sets the terms and conditions of the Tender Offers. The first tender offer is for up to $100 million aggregate principal amount of the outstanding senior notes. The second tender offer is for up to €100 million aggregate principal amount of the notes listed in Table II above. The Tender Offers will expire at 11:59 p.m., New York City time, on March 26, 2021, or any other date and time to which such Tender Offer is extended, unless earlier terminated. The consideration offered per $1,000 or €1,000 principal amount, as applicable, of such series of Securities validly tendered and accepted for purchase pursuant to the applicable Tender Offer was determined in the manner described in the Offer to Purchase by reference to the applicable "Fixed Spread" for such Securities, as specified in the tables above, plus the applicable "Reference Yield" for such Securities, as specified in the tables above, which is based on (a) the bid-side price of the applicable Reference Security in the case of the Dollar Tender Offer, and (b) the applicable Interpolated Rate listed in Table II above, in the case of the Euro Tender Offer, in each case as determined at 10:00 a.m., New York City time, on March 12, 2021, minus accrued interest. The Late Tender Offer Consideration is equal to the Total Consideration minus the Early Participation Amount. Only holders of Securities who validly tender and do not validly withdraw their Securities prior to 5:00 p.m., New York City time, on March 12, 2021 may be eligible to receive the applicable Total Consideration, which is inclusive of the applicable cash amount set in the above tables under the heading "Early Participation Amount, plus accrued interest. Holders of Securities who validly tender their Securities after the Early Participation Date but on or prior to the Expiration Date may only be eligible to receive the applicable Late Tender Offer Consideration, plus accrued interest. With respect to each Tender Offer, the Securities accepted for purchase will be accepted in accordance with their Acceptance Priority Levels (with 1 being the highest Acceptance Priority Level and 2 being the lowest Acceptance Priority Level), subject to the limitations that (i) the aggregate principal amount purchased pursuant to the Dollar Tender Offer will not exceed the Dollar Security Maximum Amount and (ii) the aggregate principal amount purchased pursuant to the Euro Tender Offer will not exceed the Euro Security Maximum Amount. It may (i) increase the Dollar Security Maximum Amount or the Euro Security Maximum Amount, or (ii) decrease the Dollar Security Maximum Amount or the Euro Security Maximum Amount, in sole and absolute discretion and in accordance with applicable law. The settlement date for the Securities that are validly tendered on or prior to the Early Participation Date and accepted for purchase is expected to be March 16, 2021, assuming all conditions to the applicable Tender Offer have been satisfied or waived. The settlement date for Securities that are validly tendered following the Early Participation Date but on or prior to the applicable Expiration Date and accepted for purchase is expected to be March 30, 2021, assuming all conditions to the applicable Tender Offer have been satisfied or waived.