NOVA Chemicals Expects Growing Strength in 2008

Business Wire, April 10, 2008

TORONTO -- NOVA Chemicals (NYSE:NCX)(TSX:NCX) Chief Executive Officer, Jeffrey M. Lipton today described record performance for the company in 2007 and a positive outlook for 2008 and beyond. Speaking at the company's annual shareholder meeting in Toronto, Lipton discussed the outlook for NOVA Chemicals.

"NOVA Chemicals' results in 2007 were outstanding and proved that we are able to outperform, even in a high-cost crude oil environment," said Lipton. "Looking forward, I believe the core of our business will be strong into 2009, despite concerns about the U.S. economy."

Also at the annual meeting, the shareholders elected the following directors, all of whom were previously serving as directors, for a one-year term: Jerald. A. Blumberg, F. Peter Boer, Jacques Bougie, Joanne V. Creighton, Robert E. Dineen Jr., L. Yves Fortier, Kerry L. Hawkins, Jeffrey M. Lipton, Arnold M. Ludwick, Christopher D. Pappas and James M. Stanford.

Shareholders also approved the reappointment of Ernst & Young LLP as auditors of the company.

NOVA Chemicals produces plastics and chemicals that are essential to everyday life. Our employees develop and manufacture materials for customers worldwide that produce consumer, industrial and packaging products. NOVA Chemicals works with a commitment to Responsible Care([R]) to ensure effective health, safety, security and environmental stewardship. Company shares are traded on the Toronto and New York stock exchanges as NCX.

Visit NOVA Chemicals on the Internet at www.novachemicals.com

Responsible Care([R]) is a registered trademark of the Canadian Chemical Producers Association (CCPA) in Canada and is a registered service mark of the American Chemistry Council (ACC) in the United States.

Forward-Looking Information

This news release contains forward-looking information with respect to NOVA Chemicals' positive outlook for 2008 and beyond, including the statement that NOVA Chemicals believes that the core of its business will be strong into 2009, despite concerns about the U.S. economy. By its nature, forward-looking information requires NOVA Chemicals to make assumptions and is subject to inherent risks and uncertainties. There is significant risk that predictions, forecasts, conclusions and projections will not prove to be accurate, that NOVA Chemicals' assumptions may not be correct and that actual results may differ materially from such predictions, forecasts, conclusions or projections. Some of the risks that could affect NOVA Chemicals' future results and could cause results to differ materially from those expressed in the forward-looking information include: uncertainties regarding commodity chemicals price levels (which depend, among other things, on supply and demand for these products, capacity utilization and substitution rates between these products and competing products); feedstock availability and prices; operating costs; starting up and operating facilities; the impact of competition; uncertainties associated with the North American, South American, European, and Asian economies and other risks detailed from time-to-time in the publicly filed disclosure documents and securities commissions reports of NOVA Chemicals. NOVA Chemicals' forward-looking information is expressly qualified in its entirety by this cautionary statement. In addition, the forward-looking information is made only as of the date of this news release, and except as required by applicable law, NOVA Chemicals undertakes no obligation to publicly update this forward-looking information to reflect new information, subsequent events or otherwise.