Solutia Closes Equity Offering

ST. LOUIS, June 24 /PRNewswire-FirstCall/ -- Solutia Inc. (NYSE: SOA) today
announced that the underwriters of its public offering of 20,564,891 shares of
its common stock exercised in full the over- allotment option granted to them
by the company. As a result, the company issued an additional 4,173,750
shares of its common stock at the public offering price of $5.00 per share.
The offering, including the exercise of the over-allotment option, closed
today. Including the exercise of the over-allotment option, the net proceeds
Solutia received from the offering, after deducting underwriting discounts and
commissions, was approximately $118.7 million. Solutia is using the net
proceeds to fully repay its $74 million German term loan and for general
corporate purposes.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081029/AQW096LOGO)

Jefferies & Company, Inc. acted as sole book-running manager for the
transaction. A shelf registration on Form S-3 relating to these securities
was filed with the Securities and Exchange Commission and became effective on
July 25, 2008. Copies of the prospectus supplement relating to these
securities may be obtained, when available, from Jefferies & Company, Inc.,
520 Madison Avenue, New York, NY 10022 or by calling 1-888-449-2342.

Forward Looking Statements
This press release contains forward-looking statements, including, but not
limited to statements about projected financial performance, which can be
identified by the use of words such as "believes," "expects," "may," "will,"
"intends," "plans," "estimates" or "anticipates," or other comparable
terminology, or by discussions of strategy, plans or intentions. These
statements are based on management's current expectations and assumptions
about the industries in which Solutia operates and Solutia's ability to raise
additional funds which is subject to market conditions. Forward-looking
statements are not guarantees of future performance and are subject to
significant risks and uncertainties that may cause actual results or
achievements to be materially different from the future results or
achievements expressed or implied by the forward-looking statements. These
risks and uncertainties include, but are not limited to, the accuracy of our
assumptions, the ability of third parties to finance an acquisition, and those
risk and uncertainties described in Solutia's most recent Annual Report on
Form 10-K, including under "Cautionary Statement About Forward Looking
Statements" and "Risk Factors", and Solutia's quarterly reports on Form 10-Q.
These reports can be accessed through the "Investors" section of Solutia's
website at www.solutia.com. Solutia disclaims any intent or obligation to
update or revise any forward-looking statements in response to new
information, unforeseen events, changed circumstances or any other occurrence.

Corporate Profile
Solutia is a market-leading performance materials and specialty chemicals
company. The company focuses on providing solutions for a better life through
a range of products, including: Saflex(R) interlayer for laminated glass;
CPFilms(R) aftermarket window films sold under the LLumar(R) brand and others;
and technical specialties including the Flexsys(R) family of chemicals for the
rubber industry, Skydrol(R) aviation hydraulic fluid and Therminol(R) heat
transfer fluid. Solutia's businesses are world leaders in each of their
market segments. With its headquarters in St. Louis, Missouri, USA, the
company operates globally with approximately 3,100 employees in more than 60
locations. More information is available at www.Solutia.com.

SOURCE Solutia Inc.

Media, Dan Jenkins, +1-314-674-8552, or Investors, Susannah Livingston,
+1-314-674-8914, both of Solutia Inc.