Exhibit 99.1
Lubrizol Announces Release Date
for First Quarter 2011 Earnings
for First Quarter 2011 Earnings
CLEVELAND, April 7, 2011 — The Lubrizol Corporation (NYSE: LZ) will release earnings results for
the first quarter of 2011 on Wednesday, April 27, after the close of markets. The company will not
conduct an investor teleconference to discuss the results.
About The Lubrizol Corporation
The Lubrizol Corporation (NYSE: LZ) is an innovative specialty chemical company that produces and
supplies technologies to customers in the global transportation, industrial and consumer markets.
These technologies include lubricant additives for engine oils, other transportation-related fluids
and industrial lubricants, as well as fuel additives for gasoline and diesel fuel. In addition,
Lubrizol makes ingredients and additives for personal care products and pharmaceuticals; specialty
materials, including plastics technology and performance coatings in the form of specialty resins
and additives. Lubrizol’s industry-leading technologies in additives, ingredients and compounds
enhance the quality, performance and value of customers’ products, while reducing their
environmental impact.
With headquarters in Wickliffe, Ohio, The Lubrizol Corporation owns and operates manufacturing
facilities in 17 countries, as well as sales and technical offices around the world. Founded in
1928, Lubrizol has approximately 6,900 employees worldwide. Revenues for 2010 were $5.4 billion.
For more information, visit www.lubrizol.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the federal securities laws.
As a general matter, forward-looking statements relate to anticipated trends and expectations
rather than historical matters. Forward-looking statements are subject to uncertainties and factors
relating to Lubrizol’s operations and business environment that are difficult to predict and may be
beyond the control of Lubrizol. Such uncertainties and factors may cause actual results to differ
materially from those expressed or implied by forward-looking statements. Uncertainties and risk
factors that could affect the future performance of Lubrizol and cause results to differ from the
forward-looking statements in this release include, but are not limited to, Lubrizol’s ability to
manage margins in an environment of volatile raw material costs; conditions affecting Lubrizol’s
customers, suppliers and the industries that it
serves; competitors’ responses to Lubrizol’s products; changes in accounting, tax or regulatory
practices or requirements; other factors that are set forth in management’s discussion and analysis
of Lubrizol’s most recently filed reports with the Securities and Exchange Commission; and
uncertainties associated with the proposed acquisition of Lubrizol by Berkshire Hathaway, including
uncertainties relating to the anticipated timing of filings and approvals relating to the
transaction, the expected timing of completion of the transaction and the ability to complete the
transaction. The forward-looking statements contained herein represent Lubrizol’s judgment as of
the date of this communication and Lubrizol cautions readers not to place undue reliance on such
statements. Lubrizol assumes no obligations to update the forward-looking statements contained in
this release.
Participants in the Solicitation
The Company, its directors and officers, and its proxy solicitor, Innisfree M&A Incorporated, may
be deemed to be participants in the solicitation of proxies from the Company’s shareholders with
respect to the special meeting of shareholders that will be held to consider the proposed
transaction. Information about the Company’s directors and executive officers and their ownership
of the Company’s common stock is set forth in its Form 10-K which was filed with the SEC on
February 25, 2011 and the proxy statement for the Company’s Annual Meeting of shareholders, which
was filed with the SEC on March 17, 2010. Shareholders may obtain additional information regarding
the interests of the Company and its
directors and executive officers in the proposed transaction,
which may be different than those of the Company’s shareholders generally, by reading the
preliminary proxy statement filed with the SEC on March 25, 2011, the definitive proxy statement
(when available) and other relevant documents regarding the proposed transaction, when filed with
the SEC.
Additional Information
In connection with the proposed transaction, the Company filed a preliminary proxy statement with
the SEC. INVESTORS ARE URGED TO READ THE PRELIMINARY PROXY STATEMENT AND, WHEN AVAILABLE, THE
DEFINITIVE PROXY STATEMENT, BECAUSE THESE DOCUMENTS CONTAIN, IMPORTANT INFORMATION ABOUT THE
PROPOSED TRANSACTION AND THE COMPANY. You will be able to obtain the preliminary proxy statement,
the definitive proxy statement (when available) as well as other filings containing information
about the Company, free of charge, at the website maintained by the SEC at www.sec.gov. Copies of
the preliminary proxy statement, the definitive proxy statement (when available) and other filings
made by the Company with the SEC can also be obtained, free of charge, by directing a request to
The Lubrizol Corporation, 29400
Lakeland Boulevard, Wickliffe, Ohio 44092-2298, attention: Corporate Secretary.
Financial/Investor Contact
Mark Sutherland
440/347-1206
Mark Sutherland
440/347-1206
Media Contact
Julie Young
440/347-4432
Julie Young
440/347-4432
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