NOVA Chemicals declares quarterly dividend

Pittsburgh, PA - NOVA Chemicals Corporation (NYSE, TSX: NCX) today declared a quarterly dividend of Cdn. $0.10 per share on the outstanding common shares of the Company, payable on August 15, 2007, to shareholders of record at the close of business on July 31, 2007.

NOVA Chemicals produces plastics and chemicals that are essential to everyday life. Our employees develop and manufacture materials for customers worldwide that produce consumer, industrial and packaging products. NOVA Chemicals works with a commitment to Responsible Care® to ensure effective health, safety, security and environmental stewardship. Company shares are traded on the Toronto and New York stock exchanges as NCX.