PolyOne Announces $200 Million Debt Issuance

April 15, 2002

CLEVELAND, Apr 15, 2002 /PRNewswire-FirstCall via COMTEX/ -- PolyOne
Corporation (NYSE: POL), a leading global polymer services company, announced
today that it plans to offer $200 million of unsecured Senior Notes to certain
institutional investors in an offering exempt from the registration requirements
of the Securities Act of 1933.

The Company intends to use proceeds from the offering to repay amounts
outstanding under its revolving bank credit facility; to repay a loan held by
one of its German subsidiaries; to reduce a portion of the amount sold under its
receivables sale facility; to repay borrowings under its short-term lines of
credit; and to pay related fees and expenses. The notes will rank equally with
all of PolyOne's other senior unsecured indebtedness.

The Notes to be offered will not be or have not been registered under the
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from registration requirements.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy, nor will there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state and is issued
pursuant to Rule 135c under the Securities Act of 1933.

About PolyOne

PolyOne Corporation, with annual revenues approaching $3 billion, is an
international polymer services company with operations in thermoplastic
compounds, specialty vinyl resins, specialty polymer formulations, engineered
films, color and additive systems, elastomer compounding, and thermoplastic
resin distribution. Headquartered in Cleveland, PolyOne has more than 8,000
employees at manufacturing sites in North America, Europe, Asia and Australia,
and joint ventures in North America, South America, Europe, Asia and Australia.
Information on the Company's products and services can be found at
www.polyone.com .

Private Securities Litigation Reform Act of 1995

In this release, statements that are not reported financial results or other
historical information are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995, including, for example,
statements about business outlook, assessment of market conditions, strategies,
future plans, future sales, prices for major products, inventory levels, capital
spending and tax rates. These forward-looking statements are not guarantees of
future performance. They are based on management's expectations that involve a
number of business risks and uncertainties, any of which could cause actual
results to differ materially from those expressed in or implied by the
forward-looking statements. Factors that could cause actual results to differ
materially include (but are not limited to): (1) an inability to achieve or
delays in achieving savings related to consolidation and restructuring programs;
(2) delays in achieving or inability to achieve cost reduction and employee
productivity goals and other strategic value capture initiatives; (3) the effect
on foreign operations of currency fluctuations, tariffs, nationalization,
exchange controls, limitations on foreign investment in local businesses and
other political, economic and regulatory risks; (4) changes in world, regional
or U.S. plastic, rubber and PVC consumption growth rates affecting the Company's
markets; (5) changes in global industry capacity or in the rate at which
anticipated changes in industry capacity come online in the PVC, VCM, chlor-
alkali or other industries in which the Company participates; (6) fluctuations
in raw material prices and supply and energy prices and supply, in particular
fluctuations outside the normal range of industry cycles; (7) production outages
or material costs associated with scheduled or unscheduled maintenance programs;
(8) costs or difficulties and delays related to the operation of joint venture
entities; (9) lack of day-to-day operating control, including procurement of raw
material feed-stocks, of other equity or joint venture relationship companies;
(10) lack of direct control over the reliability of delivery and quality of the
primary raw materials utilized in the Company's products; (11) partial control
over investment decisions and dividend distribution policy of the OxyVinyls
partnership and other minority equity holdings of the Company; (12) an inability
to launch new products and/or services that fit strategically with and add value
to the Company's business; (13) the possibility of goodwill impairment; (14) an
inability to maintain any required licenses or permits; (15) an ability to
comply with any environmental laws and regulations.

SOURCE PolyOne Corporation

CONTACT: Investor & General Media, Dennis A. Cocco, Chief Investor &
Communications Officer of PolyOne Corporation, +1-216-589-4018, or