Ad-hoc Disclosure - Wacker Chemie AG


Ad-hoc Disclosure

Ad-hoc disclosure of November 06, 2007

Munich/Allentown (PA, USA), Nov 06, 2007

Ad hoc disclosure according to Sec. 15 WpHG (German Securities Trading Act) of November 06, 2007

Wacker Chemie AG / Strategic Decisions / Acquisitions

WACKER negotiates about Full Ownership of its Polymer Joint Ventures with Air Products

Wacker Chemie AG and Air Products and Chemicals, Inc. are in advanced discussions about the sale of Air Products’ shareholdings in their two joint ventures, Air Products Polymers (APP) including its Vinyl Acetate Ethylen activities and Wacker Polymer Systems (WPS). Air Products issued a formal statement on March 22, 2006, announcing its intention to sell its WPS and APP shareholdings. WACKER holds 35 percent of APP and Air Products 65 percent. As for WPS, WACKER holds 80 percent and Air Products 20 percent. WACKER expects this move will contribute substantially to further develop its polymer business to around €1 billion in sales. The planned transaction is still subject, among other matters, to concluding final, definitive agreements and approval by WACKER’s and Air Products’ respective supervisory bodies.

WPS is mainly active in dispersible polymer powders, while APP is a global leader in sales and technology for Vinyl Acetate - Ethylene (VAE) emulsions. VAE emulsions are an important precursor for dispersible powders, as well as adhesives, coatings, nonwovens, cement additives and sealants.

Contact

Wacker Chemie AG
Hanns-Seidel-Platz 4
D-81737 München

Mr. Jörg Hoffmann
Tel. +49 89 6279-1633
Fax +49 89 6279-2933

www.wacker.com

Additional Information

ISIN: DE000WCH8881
WKN: WCH888
Deutsche Boerse: WCH
Ticker Bloomberg CHM/WCK.GR
Ticker Reuters CHE/WCHG.DE
Listing: Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), Official Market (Prime Standard)

Disclaimer:

This ad-hoc disclosure contains forward-looking statements based on assumptions and estimates of the executive boards of WACKER and Air Products. Although we assume the expectations in these forward-looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER and/or Air Products do not plan to update the forward-looking statements, nor do they assume the obligation to do so.