ETHICAL PRINCIPLES OF AMERICAN CHEMICAL ICSA

We consider essential to establish and emphasize principles we have been practicing since our beginning as company, strengthened with following generations.

We want to spread and follow applying these principles intending to develop our activities in a mutual respect and common objectives area conditioned to their application, as “sine qua non” condition to our relationship.

We propose and commit to:

1. Respect and proceed according to the laws of our country, avoiding any linking to whom breaks them.
2. Follow the right path of American Chemical icsa, strictly complying with good faith, honest agreements with whom we connect in behalf of the company.
3. Not turn away from our effort to actions or participation outside the company that may tarnish its image, causing interest division or doubting the loyal attitude we always have.  Not appealing to functional contacts for own or third parties benefits.
4. Business must develop with total respect of ethical values, avoiding the slightest suspect of bribe or corruption.  Reject all kind of gift or personal attentions reception, as they could generate mistrust in our work that could motivate a favor in return.
5. Develop and plan activities consolidating and improving superior security level and environment and human care, key objective of our action.
6. In all that our company and its social setting respects, provide human rights in such a way that they are respected also by companies, people and organizations related to us.
7. Keep strict confidentiality about intellectual property and strategic information of the company.

By spreading these principles, with your active cooperation, we will be able to achieve its fulfillment.

With the aim of protecting these principles from being harmed, we request to all people that collaborate in our relationship, that in case of any deviation, please send your observation to the Board of Directors, we will thank your for that.

If we share this attitude, we are sure we can go forward together in success path.

Thank you for your support.
AMERICAN CHEMICAL ICSA
Board of Directors

AM-8 Rev. 4
dated 30.05.11