Albemarle Corporation announced that it intends to redeem all its outstanding 4.150% Senior Notes due 2024 on June 12, 2022 (the "Redemption Date"). The Notes will be redeemed at a redemption price equal to the greater of (1) 100% of the principal amount of the Notes and (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes (exclusive of interest accrued to the Redemption Date) from the Redemption Date through the Par Call Date, as defined in the Notes (assuming the Notes matured on the Par Call Date), in each case discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Notes) plus 30 basis points, plus in each case, accrued and unpaid interest on the redeemed Notes to, but not including, the Redemption Date. The Notes will be repaid with a portion of the net proceeds from Albemarle's offering of $1.7 billion aggregate principal amount of senior notes completed on May 13, 2022.