TSRC Corporation signs SBC technology license agreement with RUSTEP LLC

Taipei, May 27th, 2009, TSRC Corporation today announced that it has signed a license agreement with RUSTEP LLC, a wholly owned subsidiary of OJSC SIBUR Holding (Open-joint-stock-company SIBUR holding), for producing Styrene Block Copolymer (SBC) products. The major application of SBC products are asphalt modification and shoe manufacturing. The conditions of this agreement are as follows;

Licensee: RUSTEP LLC
Technology: Styrene Block Copolymer (SBC) Technology
Plant Site: Voronezh, Russia

About OAO “SIBUR Holding”: A Russia leading petrochemicals company, a subsidiaries of Gazprom, with a total of 34 plants and subsidiaries producing over 100 petrochemical products. It has achieved strong financial results over the past few years. For the year 2008, SIBUR recorded revenue of Rubles 173.5 billion, approximately US Dollars 5.2 billion, an increase of 21.6 % on the year, with a net income of Rubles 16 billion, approximately US Dollars 480 million. For SIBUR Web Site see http//: www.sibur.ru

About RUSTEP LLC RUSTEP: Incorporated in 2008, is a wholly owned subsidiary of SIBUR. The Plant is located in Voronezh, next to one of subsidiaries of SIBUR, Voronezhsintezkauchuk JSC (Voronezhsintezkauchuk joint-stock company), which is one of the first companies in the world to produce synthetic rubbers and latexes, with a history going back to 1932.

About Voronezh: A large city in southwestern Russia, and located south of Moscow, and not far from Ukraine. It is the administrative center of Voronezh Oblast. It is an important railway junction (with lines to Moscow, Rostov-on-Don and Kiev).