OCI N.V.

Earnings Release • May 19, 2014

Trading Update – First Quarter 2014 Amsterdam, the Netherlands / 19 May, 2014 8:30 AM

OCI N.V. Trading Update

Financial Performance¹

Consolidated revenues and EBITDA in the first quarter of 2014 were at similar levels compared to the same period in 2013.

Engineering & Construction Group

• The Group continues to expand its presence in several key markets, focusing on the United States, Egypt, Saudi Arabia and Algeria and we expect improving Engineering & Construction Group margins as recently awarded higher margin projects kick in.
• From the 1st of January 2014 onwards, OCI will recognize BESIX and certain other construction Joint Ventures (JV's) according to the equity method rather than proportional consolidation, in compliance with International Financial Reporting Standards as adopted by the European Union (IFRS-EU). The adoption of IFRS 11 in 2014 will also be reflected in consolidated backlog.
• Consolidated backlog excluding projects accounted for under the equity method stood at US\$ 3.9 billion as at 31 March 2014, slightly down from US\$ 4.0 billion at 31 December 2013. New awards totaled US\$ 504 million during the quarter, a 42% increase from US\$ 356 million during the fourth quarter of 2013.
• Had we continued to consolidate BESIX and certain other JV's proportionately backlog would have stood at US\$ 5.9 billion (compared to US\$ 5.9 billion as of 31 December 2013) and new awards US\$ 1.0 billion during the quarter, a 30% increase from US\$ 773 million during the fourth quarter of 2013.
• We continue to evaluate strategic exit options for our 50% stake in the BESIX Group.

US\$ Million	Q1 2014	Q4 2013	% Δ	Q1 2013	% Δ	FY 2013
Excl. BESIX & Certain Other JV's
Backlog	3,896.0	4,020.7	-3.1%	4,645.5	-16.1%	4,020.7
New awards	503.9	355.5	41.8%	213.9	135.6%	1,437.5
Proportional consolidation
Backlog	5,933.4	5,893.8	0.7%	6,832.8	-13.2%	5,893.8
New awards	1,002.9	772.5	29.8%	700.2	43.2%	2,834.8

Backlog and New Awards

The outlook for new construction awards in the MENA region remains positive as infrastructure and industrial spending packages are materializing. Our business in Saudi Arabia is making good progress and we recently concluded the negotiations for the construction of a cement plant there. We achieve double-digit EBITDA margins in Saudi Arabia, which we expect to have a positive impact on our blended margins for the Engineering & Construction Group going forward.

¹ Quarterly figures are based on unaudited results

Press Release

The outlook is also strong in the United States, where a rebounding economy and an increase in energy spending will create new awards opportunities. We continue to increase our presence in this large and promising construction market.

Fertilizer & Chemicals Group

• The Fertilizer & Chemicals Group benefitted from positive contribution from Sorfert and higher volumes during the quarter. The positive developments were partially offset by lower prices year-onyear and a lower contribution from OCI Beaumont as a result of a period of unplanned downtime caused by an electrical power outage.
• Total product volume sold that was produced by OCI reached 1.4 million metric tons during the first three months of 2014, a 49% increase over the same period last year, primarily driven by:
• Contribution from Sorfert despite intermittent shutdowns in January and February caused by new export license requirements for all producers in Algeria. These issues were resolved in March and the plant was operating at full capacity in April. We expect Sorfert to continue to produce at capacity for the remainder of the year.
• Higher operating rates at Egyptian Fertilizers Company (EFC) and Egypt Basic Industries Corporation (EBIC) compared to the first quarter of 2013. However, gas supply in the country remains volatile and the forward visibility is limited. Utilization rates in April were lower than in the first quarter due to reduced gas supply levels.
• Higher calcium ammonium nitrate volumes following the debottlenecking at OCI Nitrogen.
• A drop in ammonia and methanol volumes at OCI Beaumont due to the unplanned downtime.
• Benchmark prices for our products, except methanol, were lower than in the first quarter of 2013, but increased compared to the fourth quarter of 2013.

US\$ / metric ton		Q1 2014	Q4 2013	% Δ	Q1 2013	% Δ
Granular Urea	Middle East, FOB	340	313	9%	420	-19%
Ammonia	Arab Gulf, FOB	452	439	3%	591	-24%
CAN	Germany, CIF	346	295	17%	355	-3%
UAN	France, FOT	295	251	18%	326	-10%
Melamine	Europe ICIS	1,841	1,842	0%	1,921	-4%
Methanol	US Gulf, FOB	629	584	8%	492	28%

Benchmark Prices*

* Note that AS benchmark prices have not been provided, as the product is traded volume only

Press Release

Product Volumes ('000 metric tons)

Product – Sales Volumes	Q1 2014	Q4 2013	% Δ	Q1 2013	% Δ
Granular Urea
OCI Product Sold	429.5	270.0	59.1%	158.5	171.0%
Third Party Traded	25.6	183.1	-86.0%	343.6	-92.5%
Total Granular Urea	455.1	453.1	0.4%	502.1	-9.4%
Ammonia
OCI Product Sold	313.4	330.6	-5.2%	208.6	50.2%
Third Party Traded	112.0	78.0	43.6%	28.0	300.0%
Total Ammonia	425.4	408.6	4.1%	236.6	79.8%
Calcium Ammonium Nitrate (CAN)
OCI Product Sold	383.0	353.0	8.5%	268.0	42.9%
Total CAN	383.0	353.0	8.5%	268.0	42.9%
Urea Ammonium Nitrate (UAN)
OCI Product Sold	104.9	111.0	-5.5%	90.1	16.4%
Third Party Traded	36.3	13.0	179.2%	13.0	179.2%
Total UAN	141.2	124.0	13.9%	103.1	37.0%
Ammonium Sulphate (AS)
Third Party Traded	475.4	453.0	4.9%	414.5	14.7%
Total (AS)	475.4	453.0	4.9%	414.5	14.7%
Total Fertilizers
Total OCI Product Sold	1,230.8	1,064.7	15.6%	725.2	69.7%
Total Third Party Traded	649.3	727.1	-10.7%	799.1	-18.7%
Total Fertilizers	1,880.1	1,791.8	4.9%	1,524.3	23.3%
Industrial Chemicals
Melamine	41.8	38.0	10.0%	38.7	8.0%
Methanol	141.4	167.8	-15.7%	182.9	-22.7%
Total industrial chemicals	183.2	205.8	-11.0%	221.6	-17.3%
Total
Total OCI Product Sold	1,414.0	1,270.5	11.3%	946.8	49.3%
Total Third Party Traded	649.3	727.1	-10.7%	799.1	-18.7%
Total Product Volumes	2,063.4	1,997.6	3.3%	1,745.9	18.2%

OCI N.V. Investor Calendar

Annual General Meeting of Shareholders, Amsterdam, The Netherlands H1 2014 Results Q3 2014 Trading Update 26 June 2014 28 August 2014 12 November 2014

Press Release

About OCI N.V.:

OCI N.V. is a global producer of natural gas-based fertilizers & industrial chemicals and an engineering & construction contractor based in the Netherlands. The Fertilizer & Chemicals Group produces nitrogen fertilizers, methanol and other natural gas based products, serving agricultural and industrial customers from the Americas to Asia. We rank among the world's largest nitrogen fertilizer producers with current production capacity of nearly 7 million metric tons in the Netherlands, the United States, Egypt and Algeria. We are also the largest merchant methanol producer in the United States. The Engineering & Construction Group provides international engineering and construction services primarily focused on infrastructure, industrial and high-end commercial projects in the United States, Europe, the Middle East, North Africa and Central Asia for public and private clients. It ranks among the world's top global contractors. OCI N.V. employs more than 72,000 people in 35 countries and is listed on Euronext in Amsterdam.

For additional information contact:

OCI Investor Relations Department:

Hans Zayed Director Email: hans.zayed@oci.nl

Erika Wakid Email: erika.wakid@oci.nl

Tel: +31 (0) 6 18 251 367

For additional information on OCI N.V.: www.ocinv.nl OCI N.V. stock symbols: OCI / OCI.NA / OCI.AS / OCINY Mijnweg 1, 6167 AC Geleen, The Netherlands

Certain statements contained in this document constitute forward-looking statements relating to OCI N.V. (the "Company"), its business, markets and/or industry. These statements are generally identified by words such as "believe," "expect," "anticipate," "intends," "estimate," "forecast," "project," "will," "may," "should" and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside of the Company's control and are difficult to predict, that may cause actual results to differ materially from any future results expressed or implied from the forward-looking statements.

The forward-looking statements contained herein are based on the Company's current plans, estimates, assumptions and projections. Various factors could cause actual future results, performance or events to differ materially from those described in these statements. The Company does not make any representation as to the future accuracy of the assumptions underlying any of the statements contained herein. The information contained herein is expressed as of the date hereof and may be subject to change. Neither the Company nor any of its controlling shareholders, directors or executive officers or anyone else has any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained in this document.

The Company's backlog or order book is based on management's estimates of awarded, signed and ongoing contracts which have not yet completed, and serves as an indication of total size of contracts to be executed. The figure is calculated on a proportionate consolidation basis.