METHANEX CORPORATION ANNUAL INFORMATION FORM www.methanex.com March 16, 2010 TABLE OF CONTENTS Page REFERENCE INFORMATION ...................................................................................................................................................... 3 CAUTION REGARDING FORWARD-LOOKING STATEMENTS .......................................................................................... 4 THE COMPANY ............................................................................................................................................................................... 6 BUSINESS OF THE COMPANY .................................................................................................................................................... 7 What is Methanol? ................................................................................................................................................................. 7 Our Operations ...................................................................................................................................................................... 7 DEVELOPMENT OF THE BUSINESS AND CORPORATE STRATEGY ............................................................................... 7 Global Leadership.................................................................................................................................................................. 7 Low Cost ............................................................................................................................................................................... 9 Operational Excellence .......................................................................................................................................................... 9 METHANOL INDUSTRY INFORMATION ............................................................................................................................... 10 General ................................................................................................................................................................................ 10 Demand Factors ................................................................................................................................................................... 10 Supply Factors ..................................................................................................................................................................... 13 Methanol Prices ................................................................................................................................................................... 14 PRODUCTION ................................................................................................................................................................................ 15 Production Process .............................................................................................................................................................. 15 Operating Data and Other Information ................................................................................................................................ 15 MARKETING .................................................................................................................................................................................. 16 DISTRIBUTION AND LOGISTICS ............................................................................................................................................. 16 NATURAL GAS SUPPLY .............................................................................................................................................................. 17 General ................................................................................................................................................................................ 17 Chile .................................................................................................................................................................................... 17 Trinidad ............................................................................................................................................................................... 18 New Zealand ........................................................................................................................................................................ 19 Egypt ................................................................................................................................................................................... 19 Canada ................................................................................................................................................................................. 19 FOREIGN OPERATIONS AND GOVERNMENT REGULATION ......................................................................................... 20 General ................................................................................................................................................................................ 20 Chile .................................................................................................................................................................................... 20 Trinidad ............................................................................................................................................................................... 20 New Zealand ........................................................................................................................................................................ 21 Egypt ................................................................................................................................................................................... 21 ENVIRONMENTAL AND SOCIAL MATTERS ......................................................................................................................... 21 Responsible Care and Social Responsibility ....................................................................................................................... 22 INSURANCE .................................................................................................................................................................................... 22 COMPETITION .............................................................................................................................................................................. 23 EMPLOYEES .................................................................................................................................................................................. 23 RISK FACTORS .............................................................................................................................................................................. 23 DIVIDENDS ..................................................................................................................................................................................... 23 CAPITAL STRUCTURE ................................................................................................................................................................ 24 RATINGS ......................................................................................................................................................................................... 24 MARKET FOR SECURITIES ....................................................................................................................................................... 25 NORMAL COURSE ISSUER BID ................................................................................................................................................ 25 DIRECTORS AND EXECUTIVE OFFICERS ............................................................................................................................ 26 INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS .......................................................... 28 EXPERTS ......................................................................................................................................................................................... 28 LEGAL PROCEEDINGS ............................................................................................................................................................... 28 AUDIT COMMITTEE INFORMATION ..................................................................................................................................... 28 The Audit Committee Charter ............................................................................................................................................. 28 Composition of the Audit Committee .................................................................................................................................. 28 Relevant Education and Experience .................................................................................................................................... 28 Pre-Approval Policies and Procedures ................................................................................................................................ 30 Audit and Non-Audit Fees Billed by the Independent Auditors .........................................................................................