Wellman Sells Wellstrand® Assets To David C. Poole Co.

Wellman Inc., Fort Mill, S.C., has
sold assets related to its Wellstrand® fiber business, including manufacturing equipment and the
license to use the brand name, to David C. Poole Co. Inc., a Greenville-based distributor of
man-made staple fibers and polyethylene terephthalate bottle-grade resins.

“The sale of these assets reflects our strategy to focus on our chemical-based business,”
said Thomas M. Duff, Wellman’s chairman and CEO.

“I am pleased to add Wellstrand, a specialty coarse denier polyester staple fiber, to our
family of product offerings,” said David Poole, president, David C. Poole Co. “We have already
resumed manufacturing Wellstrand fiber in Johnsonville, S.C. Our product, which is manufactured
primarily from post-consumer recycled raw materials, is ideal for various industrial applications.
Wellstrand fiber is available in a variety of deniers ranging from 45 to 500 [deniers per

May 29, 2007