Momentive Performance Materials Inc. Reports Second Quarter 2007 Results and Earnings Call Information



    WILTON, CONN., August 21 /CNW/ - Momentive Performance Materials Inc.
("Momentive" or "the Company") today reported its consolidated results for the
fiscal three-month period ended July 1, 2007. Highlights include:

    --  Net sales of $651.6 million compared to $616.9 million in the fiscal
three-month period ended July 2, 2006.

    --  Operating income of $54.1 million versus $68.9 million in the fiscal
three-month period ended July 2, 2006.

    --  Net loss of $32.9 million compared to net income of $15.7 million in
the fiscal three-month period ended July 2, 2006.

    --  Adjusted EBITDA of $119.6 million compared to Adjusted EBITDA of
$115.8 million in the fiscal three-month period ended July 2, 2006, resulting
in an Adjusted EBITDA for the Last Twelve Month (LTM) period ending July 1,
2007 of $436.1 million.

    "I'm delighted to report the results of my first quarter as CEO of
Momentive. We have improved adjusted EBITDA year-over-year. We have made
changes to realign our internal cost structure while continuing to invest in
resources that will help our customers grow and that will create a competitive
edge for Momentive," said Jonathan Rich, president & CEO. He added, "Momentive
and GE recently agreed on the purchase price adjustment, with a final payment
made to GE of $64 million that will be paid in the third quarter."

    For more information, interested parties may participate in Momentive's
Second Quarter Results Earnings Conference Call on Wednesday, August 22, 2007
at 9:00 A.M. EDT:

    
    U.S. Toll-Free: 800.299.8538
    Outside of the U.S. +1.617.786.2902
    Passcode: 80381847
    

    To read the full press release, including financial results, see
http://www.momentive.com/geam/en/HomePage/Home/
investor/reports/q2report2007.pdf.

    (Due to its length, this URL may need to be copied/pasted into your
Internet browser's address field. Remove the extra space if one exists.)




For further information:

For further information: Momentive Performance Materials Inc. Diana
Sousa, +1 203 761 1994 diana.sousa@momentive.com

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MOMENTIVE PERFORMANCE MATERIALS INC.

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