[November 15, 2012]

Nexant Expands China Operations

Nexant, Inc. announced today that it has established an exclusive China-focused partnership with Chem1, a leading local consulting firm. For a number of years, Nexant has been providing insight and advice to its global clients on petrochemical developments and opportunities in China and, by teaming with Chem1, the company effectively expands its operating base in the world's second largest economy.

"We are delighted to partner with Chem1 as we look to enhance our China-focused support to our clients-both in China and around the world," said Dr. Andrew Spiers, Nexant Senior Vice President (Asia). "We have had a presence in Shanghai for over four years working on a wide range of energy and chemicals projects but this new partnership gives us a solid footing in Beijing, which considerably strengthens our ability to deliver services throughout the country. Chem1's experience augments our own expertise in conducting research on China's petrochemical industry-enabling us to support Chinese clients seeking to expand their businesses both domestically and overseas. As always, we remain firmly committed to providing all of our clients with the highest quality strategic consulting services designed to help them develop and expand their businesses and maximize their returns on investment."

"Chem1 is very excited to partner with Nexant and to work alongside he team of experts from such a renowned global consulting company," said Frank Ye, Managing Partner of Chem1 group. "Chem1 believes that this partnership will bring about positive synergies by leveraging the combined strengths of both companies, which will ultimately help to serve the best interests of clients in all locations."

Nexant's Asian consulting operations have grown rapidly over the last five years, and the company is focused on developing local partnerships in all key markets throughout the region. In addition to its consulting hub in Bangkok, Nexant now delivers a full suite of oil, gas, petrochemical, and clean energy offerings from offices in Kuala Lumpur, Shanghai, Seoul, and Tokyo.

For more information on Nexant's consulting services, please contact:

Dr. Andrew Spiers
Email: aspiers@nexant.com
Nexant Asia Limited
22nd Floor, Rasa Tower 1
555 Phahonyothin Road
Kwaeng Chatuchak, Khet Chatuchak
Bangkok 10900 Thailand
Tel: +662 793 4600

ABOUT NEXANT

Nexant specializes in a broad range of advisory services to the global energy and chemicals sectors, including feasibility studies, mergers and acquisitions, and strategic planning. Nexant offers a comprehensive suite of best-in-class energy enterprise software designed to transform utility business processes and implement smart grid and energy conservation initiatives. Over the last decade, it has developed and commercialized technology solutions-such as iEnergy^TM, GRID360^TM, iHEDGE®, and RevenueManager®-enabling utilities, power producers, and retailers to operate and deploy new technologies and applications in the emerging grid. Operating from 32 offices in the U.S., Europe, the Middle East, Asia, and Africa, the company's team of industry professionals has completed more than 3,000 client assignments in over 100 countries, and its software operates in over 120 control centers at utilities worldwide. Its clients include major utilities, transmission and distribution system operators, chemical and petroleum majors, financial institutions, government agencies and Fortune 500 companies.

ABOUT CHEM1

Chem1 was formed in 2001 and provides strategy consulting services geographically centered on China, with a client base of both domestic and international companies. Its industry focus includes chemicals-particularly coal-based chemicals and petrochemicals- as well as coal, oil, gas, refining and downstream, performance materials, and storage logistics. The firm provides consulting services in the areas of market research, marketing strategy, logistics strategy, business intelligence solutions, and mergers and acquisitions support. Additional details on Chem1's services are available at www.chem1.net.

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