FMC Lithium is initiating a price increase of 3% for all grades of lithium hydroxide. The increase applies to all lithium hydroxide pricing worldwide and will take effect on May 1, 2003, or as contracts allow. Rising energy and raw material costs are factors contributing to this increase. FMC Lithium Greases & Lubricants Group produces a variety of grades and qualities of lithium hydroxide monohydrate and markets these materials under the grizzLi(R) family brand of products, serving grease and lubricant manufacturers, as well as a variety of other applications, worldwide.

The company's website is located at http://www.fmclithium.com .