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PolyOne Directors Set Quarterly Dividend

August 2, 2001

CLEVELAND, Aug. 2 /PRNewswire/ -- Directors of PolyOne Corporation
(NYSE: POL) today declared a quarterly dividend of 6.25 cents per share of
common stock. The dividend is payable September 14, 2001, to shareholders or
record at the close of business on August 30, 2001.

About PolyOne

PolyOne Corporation, with revenues in excess of $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, PolyOne
has more than 9,000 employees at 80 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 .

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SOURCE PolyOne Corporation

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

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