IOSP Innospec Inc

Innospec Inc. (Nasdaq:IOSP) today announced the opening of a new sales office in Moscow, Russia, a major step in its strategy to drive growth internationally. Innospec Russia Ltd will focus initially on the Fuel Specialties business but is expected to expand into other Innospec business areas in the future. 

Patrick Williams, President and Chief Executive Officer, said, "Russia and the states of the Former Soviet Union are playing an increasingly important role in the global oil exploration and refining industry, producing fuels not only for their own markets, but also for the significant international trade in fuel, especially diesel. The new Moscow office, which has cleared all of our enhanced compliance procedures, is an important move for our Company as it not only expands our global footprint, but also gives us the strong local presence necessary to service this strategically important region. This is an exciting time for our business as we expand into new markets and I am confident our new office in Russia will help us to quickly establish ourselves as a major player in the Fuel Additives market in this key region."

About Innospec Inc.

Innospec Inc. is an international specialty chemicals company with approximately 850 employees in 20 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. Innospec's Fuel Specialties business specializes in manufacturing and supplying the fuel additives that help improve fuel efficiency, boost engine performance and reduce harmful emissions. Innospec's Active Chemicals business provides effective technology-based solutions for our customers' processes or products focused in the Personal Care; Household, Industrial & Institutional; and Fragrance Ingredients markets. Innospec's Octane Additives business is the world's only producer of tetra ethyl lead.

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Such forward-looking statements include statements (covered by words like "expects", "anticipates", "may", "believes" or similar words or expressions), for example, which relate to operating performance, events or developments that we expect or anticipate will or may occur in the future (including, without limitation, any of the Company's guidance in respect of sales, gross margins, pension liabilities and charges, net income, growth potential and other measures of financial performance). Although forward-looking statements are believed by management to be reasonable when made, caution should be exercised not to place undue reliance on such statements because they are subject to certain risks, uncertainties and assumptions, including in respect of the general business environment, regulatory actions or changes. If the risks or uncertainties materialize or assumptions prove incorrect or change, our actual performance or results may differ materially from those expressed or implied by such forward-looking statements and assumptions. Additional information regarding risks, uncertainties and assumptions relating to the Company and affecting our business operations and prospects are described in the Company's Annual Report on Form 10-K for the year ended December 31, 2010, and other reports filed with the U.S. Securities and Exchange Commission. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, including specifically those under the heading "Risk Factors". The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information about Innospec, please visit our website at www.innospecinc.com.

CONTACT: Brian Watt
         Innospec Inc.
         +44-151-356-6241
         Brian.Watt@innospecinc.com
         
         Bob Ferris
         RF Binder Partners
         +1-212-994-7505
         Robert.Ferris@RFBinder.com