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2014-05-01

NOVA Chemicals Corporation: Randy Woelfel Steps Down as CEO and Board Member of NOVA Chemicals

NOVA Chemicals Corporation, 1000 Seventh Avenue S.W., Calgary, Alberta, Canada
T2P 5L5
www.novachemicals.com| 403.750.3600 tel | 403.269.7410 fax

Randy Woelfel Steps Down as CEO and Board Member of NOVA Chemicals
Todd Karran CFO, Appointed Acting CEO of NOVA Chemicals

Calgary, Alberta (May 1, 2014)
- NOVA Chemicals Corporation (NOVA Chemicals) today announced that Randy
Woelfel has stepped down as CEO and Board Member and that Todd Karran has
assumed the role of Acting CEO. The Board of Directors will begin a search
for a permanent replacement immediately that will include both internal and
external candidates.

"The Board of Directors and Mr. Woelfel felt that this was the time for Randy
to move onto new challenges and to make a leadership change at NOVA
Chemicals. IPIC is a proud owner with a long-term view for NOVA, which has
made tremendous progress on its strategic goals since IPIC acquired NOVA and
began to implement its transformational strategy. We are now focused on
capitalizing on this success and driving NOVA forward for growth," stated His
Excellency Khadem Abdulla Al Qubaisi, NOVA Chemicals Chairman and IPIC
Managing Director. "We are pleased to have Todd Karran step in as the Acting
CEO. He is particularly well qualified to lead NOVA Chemicals through this
transitional period. We would like to thank Mr. Woelfel for his significant
contributions and wish him well in the future."

"With the strategic guidance and ongoing support from IPIC's ownership, the
current NOVA Chemicals Management Board has executed the transformation of
every dimension of NOVA Chemicals - creating a solid foundation to implement
our desired growth. Moving forward, our focus and strategy remains the same.
We will sustain the momentum we've built since we set out on our
transformational journey five years ago, by operating our company in a safe
and responsible manner, striving to achieve leadership in the markets we
serve and continuing to deliver solid financial results," stated NOVA
Chemicals Acting CEO Todd Karran.

Mr. Karran's nearly 30 years with NOVA Chemicals and his reputation with his
colleagues make him an excellent choice for Acting CEO. He is currently the
Company's CFO and has held many leadership positions at the Company. The
remaining members of the NOVA Management Board, Grant Thomson, President
Feedstock and Olefins, Bill Greene, SVP Operations and Chris Bezaire, SVP
Polyethylene Business, have nearly 90 years of combined industry experience
and many years of leadership at NOVA Chemicals. They will continue to
progress the Company's successful business strategy and look forward to
implementation of the full NOVA 2020 growth strategy.

About NOVA Chemicals Corporation
NOVA Chemicals develops and manufactures chemicals, plastic resins and
end-products that make everyday life safer, healthier and easier. Our
employees work to ensure health, safety, security and environmental
stewardship through our commitment to sustainability and Responsible Care®.
NOVA Chemicals, headquartered in Calgary, Alberta, Canada, is a wholly owned
subsidiary of International Petroleum Investment Company (IPIC) of the
Emirate of Abu Dhabi, United Arab Emirates.

Visit NOVA Chemicals on the Internet atwww.novachemicals.com.

- 30 -

NOVA Chemicals will host its 2014 First Quarter Earnings Release and
conference call on Thursday, May 1, 2014 at 11:30am ET.

Audio: (416) 695-7806 passcode # 4189070
Audio Replay: (905) 694-9451 passcode # 4189070 - available until Thursday,
May 8, 2014
Webcast:www.novachemicals.com- Company - Financials&Investor Center - 2014
First Quarter Earnings Release

Media inquiries, please contact:
Pace Markowitz
Director, Communications
Tel: 412.490.4952
E-mail: pace.markowitz@novachem.com

NOVA Chemicals' logo is a registered trademark of NOVA Brands Ltd.; authorized
use.
Responsible Care®is a registered trademark of the Chemistry Industry
Association of Canada.

Forward Looking Statements:
This news release contains forward-looking statements regarding the
leadership change at NOVA Chemicals and IPIC's desire to grow NOVA Chemicals.
By their nature, forward-looking statements involve assumptions, known and
unknown risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements. Detailed
information about some of the known risks and uncertainties is included in
the "Risk Factors" section of our annual report on Form 20-F filed with the
United States Securities and Exchange Commission ("SEC") on February 27, 2014
as well as our other filings with the SEC which can be obtained on our
website at http://www.novachemicals.com or the SEC's website
athttp://www.sec.gov. Readers are specifically referred to those documents.
NOVA Chemicals' forward-looking statements are expressly qualified in their
entirety by this cautionary statement. In addition, the forward-looking
statements are 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 the forward-looking statements to reflect new information,
subsequent events or otherwise.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NOVA Chemicals Corporation via Globenewswire

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