On January 21, 2014, LSB Industries, Inc. announced that its Board of Directors, in consultation with independent financial and legal advisors, has reviewed the open letter issued by Engine Capital LP and has issued its response to its shareholders. The letter discusses the following topics: (i) the Board and management team have the right plan in place to deliver value to the Company's shareholders, (2) the proposals from Engine Capital would deliver less value to the Company's shareholders than the Company's plan, and (iiI) the Board and management team are closely aligned with shareholders and committed to effective oversight. In its letter, the Company also stated its board and management team viewed that the Company's three-year operating and capital plan for the Company's Chemical and Climate Control businesses will significantly increase EBITDA.