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PolyOne Directors Set Quarterly Dividend

February 7, 2002

CLEVELAND, Feb. 7 /PRNewswire-FirstCall/ -- Directors of PolyOne
Corporation (NYSE: POL) today declared a quarterly dividend of 6.25 cents per
share of common stock. The dividend is payable March 15, 2002, to
shareholders or record at the close of business on March 1, 2002.

About PolyOne

PolyOne Corporation, with 2001 revenues of $2.7 billion, is an
international polymer services company with 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, PolyOne has 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 .

SOURCE PolyOne Corporation

CONTACT: Media & Investors, Dennis Cocco, Chief Investor &
Communications Officer of PolyOne Corporation, +1-216-589-4018/

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