NEW YORK, March 8, 2022 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest shareholders of Huntsman Corporation (NYSE: HUN) ("Huntsman," "HUN," or the "Company"), with an ownership interest of approximately 8.8% of the Company's outstanding shares, today announced that it has issued a supplemental presentation responding to various false and misleading statements and mischaracterizations made by Huntsman in its recent investor presentation.

The supplemental presentation is available for viewing at https://shareholdersforhuntsman.com/supplemental-materials-to-set-the-record-straight-on-huntsman.

Below are some highlights from Starboard's supplemental presentation.¹

1. Huntsman's troubling history of missed promises and failed commitments to shareholders.

• Reality: Huntsman FAILED to deliver on its 2016 Investor Day target by a substantial margin.
• At its 2016 Investor Day, Huntsman promised shareholders its core business (i.e. ex-TiO2) would reach $1.3 billion of Adjusted EBITDA by 2017. Huntsman then IPO'd its TiO2 business during 2017, leaving it with just the core business, which FAILED to deliver on its $1.3 billion Adjusted EBITDA target. The Company FAILED to deliver on its promise to shareholders, MISSING its target by 11%.
• Huntsman now claims otherwise by asking shareholders to pretend the Company had a different set of assets and a different target in 2017.
• To make its FALSE CLAIM, Huntsman arbitrarily...

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