Queeny plant in St. Louis.) Integrated Nylon - Solutia is one of the world's largest integrated
producers of Nylon 6,6, with products including nylon plastics, carpet
fibers and intermediate chemicals.

3. These
risks and uncertainties include, but are not limited to, those described in
the Disclosure Statement, Solutia's most recent Annual Report on Form 10-K,
under "Cautionary Statement About Forward-Looking Statements," Solutia's
quarterly reports on Form 10-Q, and in filings with the U.Solutia.
Pfizer has filed civil actions against two websites that allegedly promote and
sell products that are unapproved by the U." Subpoenas
directed to various ISPs and other companies will help ascertain their true
identities.

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"While we still have much to do in order to complete this process, filing
our Plan of Reorganization takes us one significant step closer to
successfully reorganizing Solutia," said Jeffry N. Any deferred amounts would be paid in
the interim by Monsanto, but subject to repayment by Solutia at a later
date. Although the settlement includes benefit modifications, the Plan
of Reorganization provides significant current funding of these benefit
obligations, which greatly improves Solutia's ability to meet these benefit
obligations going forward. The Plan
also seeks a discharge for Solutia from most pre-petition claims. In consideration for its contributions described in the Plan,
the resolution of its claim in Solutia's Chapter 11 case, and the settlement
of ongoing and potential litigation in the case, among other things, Monsanto
will receive common stock in Reorganized Solutia . With our
improved cost structure, strengthened balance sheet and reduced risk profile,
we will be in a position to achieve that potential after emergence.solutia.

Many of these
websites are registered with the true names and addresses of persons
unassociated with the websites or spam rings, and who were unaware that their
identities are being used in conjunction with these activities .

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; and $25 million will be used by Reorganized
Solutia to pay for any of the legacy liabilities that are being retained by
the company. and Sauget, Ill. Most retirees will retain their company-provided life insurance
benefits, although some will experience a modification in the benefit
provided . This hearing date
has not yet been set by the Bankruptcy Court.
The orders are filled with illegal , unregulated and unapproved products.com

The identities of the individuals controlling the sites are unknown and
are therefore referred to in the complaints as "John Does.com

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Under the Plan, Reorganized Solutia will
be an independent, publicly traded company. Solutia has taken significant
steps to meet these four objectives, as discussed below:

1.) Manage the business to enhance Solutia's performance. In addition, Solutia's proposed capital structure under the
Plan would include pre-funding of a significant portion of its pension
funding obligations.

2. Solutia currently
anticipates this process will take several months.

Overview of Pfizer's Legal Action
The two lawsuits allege unlawful conduct involving trademark infringement
and dilution and unfair competition under both federal and state law as well
as deceptive trade practices in violation of New York state law.viagra-price-guide.

Sites about alleged unethical or illegal conduct by Monsanto (also known as Flexsys, Solutia, and Pharmacia).

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"

Relief from Legacy Liabilities
The Plan of Reorganization will provide Solutia with significant relief
from the legacy liabilities it was required to assume when spun off from
Pharmacia (formerly known as Monsanto) in 1997 ("The Solutia Spinoff").
In consideration for the contemplated modification in benefits, the
retirees will receive an unsecured claim for $35 million in Solutia's Chapter
11 case.

Solutia also has closed unprofitable businesses such as acrylic fibers
and chlorobenzenes, as well as unprofitable operations including the
nylon industrial fiber part of its plant in Pensacola, Fla. As a result of this Plan, Reorganized Solutia
would gain an improved balance sheet and a more appropriate capital
structure. These four business lines include:

1. In 2005, CPFilms comprised about 7% of
Solutia's net sales. Following the voting process, Solutia will ask the
Bankruptcy Court to hold a hearing to consider approval or "confirmation" of
the Plan of Reorganization.
subsidiaries. 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.
Additionally, ten Uniform Domain Name Dispute Resolution Policy (UDRP)
actions were filed against heavily trafficked sites to seize domain names
allegedly using Pfizer's Viagra trademark in an unauthorized manner. http: //www.

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These
legacy liabilities include: 1.F.

In addition, Solutia has divested non -core assets such as its 50
percent stake in the Astaris phosphates joint venture and the Axio
Research Corporation component of its pharmaceutical services
business. Forward-looking statements are not guarantees of future
performance or of the terms any plan of reorganization that will ultimately be
confirmed by the bankruptcy court in the Chapter 11 Cases 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 reports and filings can be accessed through the
"Reorganization" and "Investors" sections of Solutia's website at
http://www.
Solutia . Consumers
place orders for drugs advertised as Viagra(R) (sildenafil citrate) or illegal
"generic" Viagra on one of several websites advertised by spam. All
allege that the respondents are using the Viagra mark in bad faith to promote
the sale of products that have not been approved by the U.com
9.org

Overview of Microsoft 's Legal Action
Microsoft filed two suits against the spammers promoting CanadianPharmacy
and E-Pharmacy Direct, in conjunction with Pfizer's suits against the
operators of these online pharmacies . Viagra has
been approved by regulatory authorities in more than 123 countries around the
world and is among the most widely prescribed medications, with more than 130
million prescriptions written for 23 million men worldwide.

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- Monsanto will be financially responsible for all current and future tort
litigation costs arising from Pharmacia's chemical business prior to The
Solutia Spinoff.0 billion.

4.
"As the maker of Viagra, the market leader in erectile dysfunction, Pfizer
is committed to protecting the public from health and other risks associated
with the illegal sale of fake and unapproved generic products claiming to be
Viagra," said Jeff Kindler, Executive Vice President and General Counsel at
Pfizer.S.

1. http://www.

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The settlement also maintains Solutia's rights according to a
separate 2001 settlement and a post-settlement retiree medical plan, under
which the company intends to make certain changes effective Jan.3 billion , with corresponding implied
reorganization equity value of approximately $0.) Negotiate an appropriate capital structure.) Laminated Glazing Interlayers - Solutia is the world's largest
producer of polyvinyl butryal (PVB) interlayers, which are used by
engineers and architects to improve the properties of laminated glass
found in automobiles and buildings.com
2.com
3.

About Viagra
Viagra(R) (sildenafil citrate) is a prescription medication indicated for
the treatment of ED.
Patients should discuss their general health status with their doctors to
ensure that they are healthy enough to engage in sexual activity.
Patients with recent serious cardiovascular events, hypotension or
uncontrolled hypertension or retinitis pigmentosa did not participate in pre-
approval clinical trials.

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)
toxic tort litigation costs relating to chemical exposure associated with the
activities of Pharmacia that occurred prior to The Solutia Spinoff.

- Monsanto will share with Solutia financial responsibility for off-site
remediation costs in Anniston, Ala. In 2005, Integrated Nylon
comprised about 58% of Solutia's net sales .) Specialty Products and Services - Solutia operates a unique set of
five specialty businesses: Plastic Products, Technical Products, Heat
Transfer Fluids, Aviation Fluids, and Pharmaceutical Services."

Next Steps in Reorganization Process
The next step in the reorganization process will be to conduct a hearing
to consider the legal adequacy of the Disclosure Statement.

Pfizer also filed ten other domain name actions.com to learn more about how to
safely purchase ED products from legitimate online pharmacies. The
complaints also allege that the defendants are selling and importing non-FDA
approved sildenafil citrate in violation of U. http://www. http://www.com

About Microsoft
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in
software, services and Internet technologies for personal and business
computing. The company offers a wide range of products and services designed
to empower people through great software - - any time, any place and on any
device.
Discovered and developed by Pfizer, Viagra is the breakthrough oral
treatment for erectile dysfunction that is found to be effective and well
tolerated in more than 130 completed and ongoing clinical studies.

thyself wrongdoing

) retiree medical, retiree life insurance, and
disability benefits ("Retiree Welfare Benefits") for those individuals whom
retired or became disabled prior to The Solutia Spinoff ("Pre-Spin Retirees");
2.

2.; and doubled its production capacity of heat
transfer fluids in Suzhou, China. In 2005, Laminated Glazing
Interlayers comprised about 22% of Solutia's net sales.) CPFilms - Solutia is the world's largest producer of high-quality
branded aftermarket window films, which are primarily used by
consumers to improve the properties of glass already present in
automobiles and buildings .
The two companies have filed a total of 17 new actions against defendants
involved in the sale and advertising of potentially dangerous medications. http://www. DiscountRX
2.

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This investment will be in the form of a rights offering
to certain unsecured creditors, whom will be given the opportunity to purchase
22. 1, 2007,
including the elimination of company-provided medical benefits for certain
groups of retirees that also are eligible for Medicare coverage. Solutia is a world leader in
performance films for laminated safety glass and after-market applications;
process development and scale-up services for pharmaceutical fine chemicals;
specialties such as water treatment chemicals, heat transfer fluids and
aviation hydraulic fluid and an integrated family of nylon products including
high-performance polymers and fibers."
Pfizer and Microsoft first investigated CanadianPharmacy , a website
advertised by high volume spamming. Purchasing illegal generic "Viagra" can pose safety and financial risks
to consumers. http://www.freeviagraclub.
Because of the deceptive techniques employed by the defendants to mask their
true identities, Microsoft's suits name "John Doe" defendants .

forceful polluted

"

$250 Million of New Investment
The Plan of Reorganization provides for $250 million of new investment in
Reorganized Solutia. Monsanto will backstop
the rights offering, meaning it will commit to purchase up to the entire $250
million of stock, thereby making up for any amount of the rights offering left
unsubscribed by the unsecured creditors.com/reorganization/retirees. In addition, the company has implemented a series
of successful cost-reduction initiatives at the plant and corporate
level; reduced employee headcount; achieved significant cost savings
through changes to both non-union and union employee benefits as well
as retirement and other post-employment benefits; and achieved
substantial cost savings by rejecting or renegotiating numerous
contracts and leases.solutia.com) uses world-class skills in applied
chemistry to create value-added solutions for customers, whose products
improve the lives of consumers every day.

Pfizer and Microsoft Target Sellers of Illegal Viagra and International Spam Rings

stockpile wrongdoing

solutia .
Under the Plan, holders of equity interests in Solutia will receive no
distributions on account of such equity interests.

4.S.com.
Viagra(R) (sildenafil citrate) is estimated to account for up to one out
of four spam messages. These illegal drugs may be
contaminated, stored improperly, outdated, may not work as claimed, contain
potentially dangerous ingredients or may have no effect at all.com
6. http://www. Viagra is available only from health care providers and
should always be used in accordance with its approved labeling. The use of Viagra offers no protection against sexually
transmitted diseases, including human immunodeficiency virus (HIV).

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Quinn, president and CEO,
Solutia Inc. Importantly, we will do so while ensuring all environmental
remediation commitments will be met, securing and providing significant
funding for retiree welfare benefits , and preserving the pension plan. Solutia's
senior secured notes and debtor-in-possession financing will be repaid in full
from proceeds from an exit financing package to be arranged by the company to
the extent that claims relating to such are allowed by the court. "Pfizer is joining with Microsoft on these actions as part of our
shared pledge to reduce the sale of these products and to fight the senders of
unsolicited email that overwhelm people's inboxes. The
spam directs recipients to one of dozens of identical websites. http://www.com
7. In these patients, physicians should prescribe
Viagra with caution.

dumped monsanto

(OTC Bulletin
Board: SOLUQ), a leading manufacturer and provider of interlayers for
laminated glass, aftermarket window films, specialty chemicals and an
integrated family of nylon products, today announced it has filed its Plan of
Reorganization and Disclosure Statement with the Bankruptcy Court for the
Southern District of New York. This includes more than 50 sites with active
remediation projects and approximately 200 additional known sites and
off-site disposal facilities, as well as sites that are not yet
identified at this time. Solutia has
conducted thorough strategic reviews of its businesses; adopted a more
proactive commercial approach; implemented more performance-based
compensation programs; and begun to shape a new, more proactive
corporate culture. Solutia has negotiated
and filed a Plan of Reorganization that would allow Reorganized
Solutia to convert a significant portion of its pre-petition debt to
equity.

The Businesses of Reorganized Solutia
Actions taken by Solutia management have positioned Reorganized Solutia
with a strong portfolio of businesses, many of which have industry-leading
positions within their markets.com.

announced today the companies are
filing parallel lawsuits against two international pharmacy spam rings
operating websites that sell illegal "generic" versions of Pfizer's erectile
dysfunction (ED) medication. The legal actions are the result of a seven-month
investigation during which the two industry leaders collaborated to track down
the illegal drug distributors operating these websites as well as the spammers
advertising them. Many of these spam messages link to illegal websites
that promote "Viagra" and then send the consumer an illegal version of the
drug.half-price-viagra.viagra -123. Less commonly, bluish vision,
blurred vision or sensitivity to light may briefly occur.

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"After many months of complex negotiations, we have filed a Plan of
Reorganization with the support of our Creditors Committee, Monsanto,
Pharmacia and the Retirees Committee," said Quinn.

Anticipated Recoveries and Valuation
The Plan of Reorganization contains details regarding how the claims of
each class of creditors and interest holders will be treated. Specifically,
the company has entered into an agreement to purchase the remaining
51% stake in its Quimica M joint venture, which includes a polyvinyl
butryal (PVB) interlayer plant in Puebla , Mexico; begun the
construction of a new PVB interlayer plant in Suzhou, China; installed
new production lines for metallized films and dyed films at its site
in Martinsville , Va. Also, Solutia and Akzo-Nobel are exploring the possible
sale of Flexsys, their 50/50 rubber chemicals joint venture.

3.
Together, these businesses comprised about 13% of the company's net
sales in 2005.
Solutia's Plan of Reorganization and Disclosure Statement are available at
http://www. Bankruptcy Court
in connection with the Chapter 11 case of Solutia Inc. and 14 of its U." Together, these pharmacy
spam rings have allegedly sent hundreds of millions of e-mail messages to
Microsoft's MSN Hotmail customers within the past year alone. These products may be manufactured in unregulated factories or
back rooms that do not adhere to the same rigorous standards for
pharmaceutical manufacturing required by the FDA. FDA. http://www.bioviagra .

Pfizer Inc discovers, develops, manufactures and markets leading
prescription medications for humans and animals and many of the world's best-
known consumer products.

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) environmental remediation costs related to activities of the chemicals
business of Pharmacia that occurred prior to The Solutia Spinoff; and 3. Under this cost-
sharing mechanism, Solutia will pay the first $50 million out of the
proceeds from the rights offering (as mentioned above); Monsanto would
pay the next $50 million, minus amounts it paid toward these sites
during Solutia's Chapter 11 case; Solutia would have responsibility for
the next $325 million, if needed; after which Monsanto and Solutia would
share responsibility equally. If Monsanto is required to
make the full new money investment contemplated by the rights offering due to
its backstop commitment , and based upon the range of unsecured claims as
stated below, Monsanto's equity interest in the reorganized company would
range from approximately 45% to 49%. If the Court determines that
the Disclosure Statement provides sufficient information for claim holders and
other interested parties to vote on the Plan of Reorganization, then the
Disclosure Statement and Plan of Reorganization would be sent to claim holders
for voting purposes.. In addition, Microsoft filed three suits against spammers who
advertise other online pharmacies known under a variety of names, such as
"Discount RX," "Virtual RX," and "EzyDrugStore. Working together, the companies'
investigators uncovered a highly sophisticated spam ring with several groups
of affiliates all advertising websites associated with CanadianPharmacy. The
illegal generic drugs are then shipped from India to the United States and
delivered by an airfreight forwarding company based in the United States.cndpharmacy.

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- Monsanto will accept financial responsibility for environmental
remediation obligations at all sites for which Solutia was required to
assume responsibility at The Solutia Spinoff but which were never owned
or operated by Solutia. Although
Solutia is communicating directly with retirees regarding this settlement,
retirees may also visit http://www.
Within the Disclosure Statement, Solutia currently estimates that the
amount of allowed general unsecured claims in the Chapter 11 case will be
approximately $0. However, the ultimate size of the
general unsecured claims pool may vary from this estimate, and the actual
general unsecured claims pool may be outside the estimated range.

Meeting the Four Objectives of the Solutia Reorganization Strategy
Since beginning the Chapter 11 process, Solutia has been implementing a
reorganization strategy focused on four objectives in order to maximize the
value of the estate, address the factors that led to the Chapter 11 filing,
and enable Solutia to emerge from Chapter 11.S.. The defendants
allegedly use illegal and deceptive e-mail techniques that violate the federal
CAN-SPAM Act of 2003 and other state and federal laws. Once the
consumers' online orders are received on computers in New York , they are sent
to a call center headquartered in Canada, and then on to India for processing.cheapviagrastore .shopviagra. Virtual RX
3.viagra.

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The filing of the Plan of Reorganization was
supported by the Official Committee of Unsecured Creditors (the "Creditors
Committee"), Monsanto Company (NYSE: MON) ("Monsanto"), Pharmacia Corporation
("Pharmacia"), and the Official Committee of Retirees (the "Retirees
Committee"). Under the settlement, retirees will retain their
company-provided medical benefits, although their costs for such benefits will
increase.asp for
further details.8 billion to $1. Solutia has negotiated
and filed a Plan of Reorganization under which it would gain
significant relief from the legacy environmental, tort and retiree
liabilities , as described above. NEW YORK, Pfizer, the maker of Viagra(R)
(sildenafil citrate) and Microsoft Corp.S. Tracing the
order process, investigators determined that the website encompasses an
allegedly illegal pharmaceutical supply chain that spans the globe.freegenericviagra.com
8. EzyDrugStore .

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Relief from Tort Litigation and Environmental Remediation Liabilities
Under the Plan of Reorganization, as between it and Solutia, Monsanto
also will assume financial responsibilities in the areas of tort litigation
and environmental remediation. The VEBA Retiree Trust
will be a bankruptcy-remote entity and will be managed by an independent
trustee.

Additional Matters
The Plan of Reorganization includes an assumption and extension of
commercial and operating agreements between Solutia and Monsanto.
"Reorganized Solutia will be comprised of high-potential businesses. If the Court confirms the Plan of Reorganization,
Solutia would emerge from Chapter 11 shortly thereafter. Solutions for a Better Life. Leading businesses are
teaming up, pooling resources and sharing investigative information to stop
this illegal activity at the source," said Brad Smith , Senior Vice President
and General Counsel, Microsoft. "At Microsoft we are combating this problem
every way we can, including legal action, to ensure our consumers are
protected from fraud.
Consumers can visit http://www. CanadianPharmacy doing business at http://www.com

2 .S.com
4. http://www. Microsoft's lawsuits allege that the
pharmacy spammers sent email with deceptive and misleading information in
violation of the federal CAN-SPAM Act and other federal and state laws. If patients
experience pain, nausea, or any other discomfort during sex, or an erection
that lasts longer than four hours, they should seek medical help.
Please see full prescribing information for Viagra (25 mg, 50 mg, 100 mg)
tablets at http://www.

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Solutia Inc. Files Plan of Reorganization and Disclosure Statement

"This Plan of Reorganization will enable Solutia to emerge from
Chapter 11 later this year with an improved competitive position.1 billion. At
the mid-point of the estimated range of implied reorganized equity value, the
estimated potential range of recoveries for holders of general unsecured
claims will be approximately 48% to 56%, based upon the range stated above of
the general unsecured claims pool.) Make changes to Solutia's asset portfolio to maximize the value of the
estate. and the
J.
In conjunction with Pfizer's suits against CanadianPharmacy and E-Pharmacy
Direct, Microsoft filed civil actions against the spammers advertising for
those websites.

Pfizer Inc is filing lawsuits against the following two entities:

1 .net
10.

mcspotlight monsanto

- Provides Significant Relief from Legacy Liabilities

- Improves Cost Structure and Balance Sheet

- Ensures Continued Environmental Stewardship,
Secures Retiree Welfare Benefits, and Preserves Pension Plan

- Positions Solutia to Emerge from Chapter 11

- Filing Supported by Official Committee of Unsecured Creditors, Monsanto
Company , Pharmacia Corporation, and Official Committee of Retirees

ST. "Through the contributions
of these parties, and Monsanto in particular, we will improve our cost
structure, strengthen our balance sheet, and greatly reduce the risk profile
of the company. Of this $250 million, $175 million
will be set aside in a Voluntary Employees' Beneficiary Association (VEBA)
Retiree Trust to fund the Retiree Welfare Benefits for those Pre-Spin Retirees
whom receive these benefits from Solutia; $50 million will be used by
Reorganized Solutia to fund its environmental remediation commitments in
Anniston, Ala.0 billion to $2. Recoveries may be impacted by the
resolution of litigation pending in the case, as set forth in the Disclosure
Statement, and are subject to dilution as a result of the exercise of certain
rights including any equity issued to employees or future directors and any
options or other rights to acquire shares. Solutia has invested in key growth businesses.

"As the Disclosure Statement details, we believe Solutia will emerge from
Chapter 11 capable of producing solid financial returns," said Quinn.

Microsoft filed three additional suits against spammers promoting the
following online pharmacies:

1.
The most common side effects of Viagra(R) (sildenafil citrate) are
headache, facial flushing and upset stomach.

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7 % of the common stock in the reorganized company. This
is in addition to the $175 million from the rights offering that will be
deposited into the VEBA Retiree Trust as stated above. Monsanto
will be financially responsible for legacy tort claims, which are unimpaired
under the Plan.) Achieve reallocation of legacy liabilities. These
businesses are well-positioned, and, in many cases , are world leaders.

Forward-Looking Statements
This press release may contain forward -looking statements, 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 and include,
but are not limited to, any discussions regarding Reorganized Solutia's
valuation, the amount of allowed general unsecured claims, and the percentage
of recovery for holders of general unsecured claims. These statements are
based on management's current expectations and assumptions about the
industries in which Solutia operates , the valuation of Reorganized Solutia,
the terms of the Plan of Reorganization, and confirmation of the Plan of
Reorganization.

Corporate Profile
Solutia (http://www. E-Pharmacy Direct doing business at http://www.

flexsys canola

LOUIS, Solutia Inc. Under certain circumstances, Solutia
would be able to defer paying certain off-site remediation costs
relating to these sites that exceed $30 million in any calendar year, up
to $25 million in the aggregate. The common stock received in Reorganized Solutia on account of this
claim would be deposited into a Voluntary Employees' Beneficiary Association
(VEBA) Retiree Trust that would be used to pay Retiree Welfare Benefits. Except for
those liabilities for which Monsanto is specifically assuming financial
responsibility as described above, the Plan seeks a release for Monsanto and
Pharmacia from certain pre-Solutia Spinoff liabilities, including those
related to Retiree Welfare Benefits. The company
also estimates that the enterprise value range of Reorganized Solutia will be
approximately $2. Food and Drug Administration
(FDA).sameasviagra. Viagra is
contraindicated in patients who use nitrates in any form at any time.

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, and Sauget, Ill. This includes litigation arising from exposure to PCBs
and other chemicals .

Retiree Settlement
The Plan of Reorganization provides for a comprehensive retiree settlement
that was negotiated with the Retirees Committee, which represents more than
23,000 people whom are former employees of Pharmacia and Solutia and their
dependents. The holders of allowed general unsecured
claims would receive the remainder of the common stock in Reorganized Solutia.

7 billion to $1.com/reorganization."
"The collaboration between Pfizer and Microsoft is another wake-up call to
those who abuse the Internet for illegal purposes.viagra. law, including the Federal
Food, Drug and Cosmetic Act.myepharmacydirect.about-viagra-kamagra.com
5. Microsoft will
issue subpoenas to ISPs and other companies to identify and locate the
spammers.