THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Wellman, Inc. (WLM)

4/17/2006 Proxy Information

Mr. Kruse is a Managing Director of Warburg Pincus LLC since January 2006 and has been employed by Warburg Pincus LLC since February 2002. Warburg Pincus Private Equity VIII owns 33.5% of WLM shares.

11/21/2005 8K Information

In 2003, in exchange for $126 million, Warburg Pincus Private Equity VIII, L.P. (WP VIII) acquired 11,202,143 shares of preferred stock of Wellman, Inc. and two warrants, each representing the right to purchase 1,250,000 shares of the Company's common stock. At September 30, 2005, WP VIII beneficially owned approximately 33% of the Company's common stock. Warburg Pincus obtained the right to designate two members to the Company's Board of Directors in connection with its investment. Mr. Goldstein has been a member and Managing Director of Warburg Pincus LLC and a General Partner of Warburg Pincus & Co. since January 2004. Previously, he was Vice President of Warburg Pincus LLC from January 2001 to December 2003 and an Associate of Warburg Pincus LLC from July 1999 to December 2000. Mr. Kruse has served as Vice President of Warburg Pincus since January 2003 and has been employed by Warburg Pincus since February 2002.

6/30/2003, 4/20/2004 and 4/14/2005 Proxy Information

No related party transactions or special relationships reported for this company. Director relationships marked "Outside Related" at this firm will most often be former executives of the company. Additional information regarding these relationships will be added during our regular updates.