Solutia CEO to Sell Shares Under Rule 10b5-1

Solutia Inc. SOA announced today that Jeffry N. Quinn, the Company's chairman, president and chief executive officer, has entered into a variable forward sale contract and a prearranged Rule 10b5-1 stock trading plan, allowing him to sell Company stock in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934 and Company policies regarding stock transactions. Mr. Quinn entered into these arrangements for personal financial management purposes. Mr. Quinn's Rule 10b5-1 Plan provides for the sale of up to 225,000 shares on the open market at prevailing market prices and subject to minimum price thresholds specified in his Plan. Sales pursuant to the Plan are expected to begin as early as July 11, 2011 and will end no later than December 31, 2012. Under the terms of the variable forward sale contract, Mr. Quinn will deliver up to 95,000 shares of the Company's common stock on June 7, 2013, the settlement date of the contract. Mr. Quinn received a cash payment in the amount of $1,662,396 in exchange for assuming this obligation. Mr. Quinn pledged 95,000 shares of the Company's common stock to secure his obligation under the contract, but retained voting rights to the pledged shares until the settlement date. The number of shares Mr. Quinn will deliver at the settlement date of the contract is subject to determination based on the Settlement Price, Floor Price and Threshold Price as defined under the contract, with the number not to exceed 95,000 shares.