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The offering provided Braskem with over US$ 420 million – the largest issuance in 2004.
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      29.5%    29.5%                     100.0%   56.3%               35.0%   33.9%



                                           POLIALDEN




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              Evolution of LDPE / Naphtha Prices


                                                                                   LDPE / Naphtha Prices Evolution
     240                                                                            Base 100 = January 3, 2003
     220                                                                                                                                                                                                              LDPE
                                                                                                                                                                                                                       217
     200

     180

     160
                                                                                                                                                                                                                      Naphtha
     140                                                                                                                                                                                                               148

     120

     100

     80

     60




                                                                                                                                                                                                        Oct-04

                                                                                                                                                                                                                 Nov-04
                                                                          Aug-03




                                                                                                     Nov-03

                                                                                                              Dec-03




                                                                                                                                                                                               Sep-04
                                                                                   Sep-03

                                                                                            Oct-03




                                                                                                                                         Mar-04

                                                                                                                                                  Apr-04

                                                                                                                                                           May-04




                                                                                                                                                                                      Aug-04
                                                                                                                       Jan-04

                                                                                                                                Feb-04




                                                                                                                                                                    Jun-04
                    Feb-03

                             Mar-03

                                      Apr-03

                                               May-03




                                                                 Jul-03




                                                                                                                                                                             Jul-04
           Jan-03




                                                        Jun-03




                                                                                                        Naphtha                 LDPE



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