Audit Committee Charter

CHARTER OF THE AUDIT COMMITTEE OF THE SUPERVISORY BOARD OF LYONDELLBASELL INDUSTRIES N.V.GeneralAt the meeting of the Supervisory Board (the “Supervisory Board”) held in conjunction with the annual general meeting of shareholders of LyondellBasell Industries N.V. (together, with its subsidiaries, the “Company”), and thereafter as necessary, the Supervisory Board shall appoint the membership of the Audit Committee (the “Committee”) and appoint the Chairman of the Committee for the ensuing year who shall not be the Chairman of the Supervisory Board or a former member of the management board of the Company. A quorum of the Committee shall consist of a m ajority o f the members of t he Committee and the act of a m ajority o f the Committee members present at any meeting at which there is a quorum shall be the act of the Committee. The Committee is established for the primary purpose of assisting the Supervisory Board in: (a) providing oversight for the integrity of the Company’s financial statements, (b) providing oversight for the Company’s compliance with legal and regulatory requirements, (c) providing oversight for the independent auditors’ qualifications and independence, (d) providing oversight for the performance of the Company’s internal audit function and independent auditor, (e) providing oversight for the Company’s monitoring, control and reporting of significant corporate risk exposure, and (f) providing oversight for the Company’s system of ...