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PolyOne Announces Intention to Purchase Spanish Colorants Producer

October 29, 2001

CLEVELAND, Oct 30, 2001 /PRNewswire via COMTEX/ -- PolyOne Corporation (NYSE:
POL) announced that it has entered into a process to acquire 100 percent of the
shares of TRANSCOLOR S.A., a large color concentrates producer operating in
Spain. The parties are working together on the legal and financial process, and
they expect to complete the transaction during the first half of 2002.

TRANSCOLOR, whose plant is located near Pamplona in northern Spain, is an ISO
9000 accredited, market-leading producer of color concentrates, with special
emphasis on black and white products. Revenues in 2000 were approximately $30
million. The existing management team is expected to stay following completion
of the share purchase, helping to ensure continuity in customer service.

According to Bernard Baert, vice president international operations for PolyOne,
"TRANSCOLOR is an excellent company with a fine reputation with its customers.
We have worked in cooperation with TRANSCOLOR for some time and it had become
obvious that there were commercial advantages to be gained by deepening our
business relationship. We feel very positive about working with the excellent
management and sales team at TRANSCOLOR."

PolyOne had already developed an alliance with TRANSCOLOR, and moved production
of some products from the PolyOne site near Paris France. "Strategically, this
will free capacity at our Saint-Ouen L'Aumone color plant, allowing that plant
to fully focus on the production of color additive systems for our customers in
the region," commented Baert.

The site at Saint-Ouen L'Aumone is one of two France-based, PolyOne additive
production centers, the other is located at Tossiat near Lyon. Both sites are
engaged in producing masterbatch color and additive systems that are compatible
with virtually all mainstream resins, including PC, PE, PP, PS and PVC.

About PolyOne

PolyOne Corporation, with revenues of nearly $3 billion, is an international
polymer services company with customer-focused operations in thermoplastic
compounds, specialty resins, specialty polymer formulations, engineered films,
color and additive systems, elastomer compounding and thermoplastic resin
distribution. Headquartered in Cleveland, Ohio, with 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

Forward-Looking Statement

This release contains statements concerning trends and other forward- looking
information affecting or relating to PolyOne Corporation and its industries that
are intended to qualify for the protections afforded "forward- looking
statements" under the Private Securities Litigation Reform Act of 1995. Actual
results could differ materially from such statements for a variety of factors
including, but not limited to: (1) the risk that the former Geon and M.A. Hanna
businesses will not be integrated successfully; (2) an inability to achieve or
delays in achieving savings related to the consolidation and restructuring
programs; (3) unanticipated delays in achieving or inability to achieve cost
reduction and employee productivity goals; (4) costs related to the
consolidation of Geon and M.A. Hanna; (5) 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; (6) unanticipated changes in world, regional or U.S. plastic,
rubber and PVC consumption growth rates affecting the Company's markets; (7)
unanticipated 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; (8)
fluctuations in raw material prices and supply, in particular, fluctuations
outside the normal range of industry cycles; (9) unanticipated production
outages or material costs associated with scheduled or unscheduled maintenance
programs; (10) unanticipated costs or difficulties and delays related to the
operation of joint venture entities; (11) lack of day-to-day operating control,
including procurement of raw material feedstocks, of the OxyVinyls partnership;
(12) lack of direct control over the reliability of delivery and quality of the
primary raw materials utilized in the Company's products; (13) partial control
over investment decisions and dividend distribution policy of the OxyVinyls
partnership.

SOURCE PolyOne Corporation

CONTACT:          Media & Investors, Dennis Cocco, Chief Investor &
                  Communications Officer of PolyOne, +1-216-589-4018
                  
URL:              http://www.polyone.com
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