ALBEMARLE 2008 INVESTOR CONFERENCE. Goldman Sachs Basic Materials Conference Mark C. Rohr, President & CEO New York, NY, May 21, 2008

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1 Goldman Sachs Basic Materials Conference Mark C. Rohr, President & CEO New York, NY, May 21,

2 Forward Looking Statements Portions of this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of Although Albemarle Corporation believes its expectations reflected in the presentation are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially. Factors that could cause actual results to differ from expectations include, without limitation, the inability to pass through increases in costs and expenses for raw materials and energy; competition from other manufacturers; changes in demand for our products; the gain or loss of significant customers; fluctuations in foreign currencies and increased government regulation of our operations or our products. Additional factors that could cause Albemarle s results to differ materially from those described in the forward-looking statements can be found under Risk Factors in item 1A of our Annual Report for the period ended December 31,

3 A Foundation Built on Achievements ( ) Completed 8 acquisitions successfully Increased IP portfolio 50% Invested $480 million in new facilities Invested $265 million in research Moved into emerging economies and became: Leading additives solution provider Leading refinery catalyst solution provider Leading producer of bromine and bromine intermediates A recognized innovator Grown sales by 148% (14.3% CAGR) Grown net income by 126% (11.8% CAGR) 3

4 Performance Driven by Innovation Developed new Innovative Chemistry Polymeric Additives Non-Halogen solutions Fine precipitated minerals Heavy oils upgrade Bio-diesel production 24% 28% 25% Speed to market 12% Filed 106 patent applications in 07 6% 7.5% Over 1600 active patents New Product Revenue Growth % of sales by year 4

5 Producing Superior Products Emissions Reductions FCC Additives Mercury Catalyst Biodiesel Desulfurization Oil Sands Pharmaceuticals Ibuprofen SIGA Smallpox Vaccine Chemistry Services Manufacture key molecules to meet health and agricultural needs Fire Safety Products which prevent fires in housing, electronics, and automotive 5

6 Returns to Shareholders 15% CAGR Since 94 19% CAGR Since 00 Cumulative Return 572% Y E A R - E N D 6

7 Resulting in a strong 2007 Provided clean energy, renewable fuel through catalysis Created totally new, environmentally sensitive solutions for polymer additives, fuel additives Combined innovation and service that has resulted in 217 projects in our FCS pipeline Setting the foundation to increase that growth in 2008 and beyond 7

8 2008 Business Climate Raw material Inflation Rising crude oil & natural gas prices Business migration to developing economies Weaker USD 8

9 Opportunities and Challenges Polymer Additives Catalysts Great start to 2008, Q1- record sales and segment income Expect 2Q08 and 3Q08 sales to be sequentially weaker. 4Q08 expected to top 1Q08 Pricing momentum continues Headwinds from increases in rare earths and other raw materials & energy Fine Chemicals Increasing custom mfg & Ag Intermediates Exciting Pharma opportunities: Smallpox drug Heart drug Alzheimer drug Expanding markets for Bromine - Sorbent acquisition Profit margins increasing through the years Record net sales in Q108 Turnaround from 2007 in brominated flame retardants Pricing gains Profit and margin pressure from inflation, expected to continue Developing green chemistry solutions 9

10 2008 Expectations Need to work hard to manage inflation Year over year volume and revenue growth in all segments New Product introduction in Additives and Catalyst Strong focus on R&D continues to distinguish Albemarle as an innovation leader Double digit earnings growth While we are very proud of the success we ve had at Albemarle, our eyes are on the horizon 10

11 Growing from a solid ALBEMARLE foundation 2008 INVESTOR and innovative CONFERENCE outlook 11

12 Sustainability Environmental Profitability Society 12

13 Our strategies for success Converting our portfolio to products that are recognized as sustainable substitutes for the future Bringing external partners into our decision processes Investing in new technologies Operating efficient, environmentally sound manufacturing facilities Moving our business to the emerging regions of the world Getting everyone involved 13

14 Producing the following results by 2010 IIR better than anyone IIR 90% reduction of emissions vs 2006 New product sales exceed 30% of our portfolio World-scale capacity additions in emerging economies Grow sales 40% to $3.2 billion Grow earnings 60% to $4.00+/share.as we become the number one green solutions provider to our chosen markets. 14

15 Driving Earnings EPS ($) Organic Growth Cost Reduction 2010 Propelled by Global Stewardship, People, Assets and the Environment Expanded Growth Platform Green Solution Provider for Our Markets EPS of $4.05/share 15

16 Historical Performance/ Vision 2010 Targets (in millions, except percentages) Prior Targets Actual Vision 2010 ( ) Sales Growth Y/Y 5 6% % CAGR Segment Income Margin 1,2 >17% >18% Return on Capital Employed 1 >15% >19% Dividends Growth Y/Y >10% >10% Net Debt to Capital 30-35% % Net Income $369/16% CAGR EPS 1 - $ $2.40 $4.05/19% CAGR EDITDA Margins % 16.5% 18.6% >20% 1 Excluding special items 2 Excluding corporate 16

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