Kent Masters and Eric Norris in Australia

Albemarle Corporation Named a Fortune 500 Company

Its first appearance in this Fortune magazine world ranking highlights the continued growth and success of the company that carries out lithium operations in Chile.

Albemarle Corporation (NYSE: ALB), a global leader in providing essentials for mobility, energy, connectivity and health, today announced that it has been named a Fortune 500 company. The Fortune 500 list is compiled annually by Fortune magazine and ranks the largest companies in the United States based on their total revenue.

The company's inclusion in the Fortune 500 signals its progressive leadership role in the industry as a growing company, as Albemarle continues to expand its global footprint and capitalize on emerging opportunities.

Albemarle Corporation (NYSE: ALB) is one of the largest lithium producers in the world, with a presence in Chile for more than 40 years, being, together with Corfo, pioneers in the development of the lithium industry in the country, a key mineral for the technological revolution, which allows the world to move towards a fair energy transition. in dialogue with the communities, with respect for the environment and generating social value. It operates in the Antofagasta Region. 80% of its more than 1,000 workers are from the Antofagasta region, and at its plant in the Salar de Atacama, almost 40% belong to indigenous peoples.

"It is an honor to be listed on the prestigious Fortune 500," said Kent Masters, CEO of Albemarle. "We are grateful to our loyal customers who have enabled us to reach this milestone, and we are proud of our employees who have worked exceptionally hard to grow our company. We are committed to driving sustainable growth and delivering superior results, while maintaining our commitment to enabling a more resilient world."

Albemarle's Fortune 500 profile can be found on the Fortune website. For more information about Albemarle Corporation, visit www.albemarle.com.

Fortune 500 Methodology

Companies are ranked based on their total revenue in their respective fiscal years. Included in the survey are U.S.-incorporated companies that operate in the U.S. and file their financial statements with a public body. This includes private companies and cooperatives that file a 10-K or comparable financial statement with a government agency, and mutual insurance companies that file with state regulators.

It also includes companies that file their financial statements with a public body but are owned by private companies, national or foreign, that do not file such financial statements. Private companies that do not file with a government agency are excluded; companies incorporated outside the U.S.; and U.S. companies consolidated by other companies, domestic or foreign, that file with a government agency.

In addition, companies that have not submitted complete financial statements for at least three-quarters of the current fiscal year are excluded. Calculations of the percentage change in revenue, net income and earnings per share are based on the data originally reported. They have not been reformulated due to mergers, acquisitions or accounting changes. The only changes to the data from previous years are significant restatements due to reporting errors that require the company to file an amended 10-K.

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