BASF Chairman of the Board of Executive Directors Dr. Jürgen Hambrecht comments on the German energy summit

“Germany’s industry is in favor of an integrated energy and climate protection policy that supports competition,” said Hambrecht, commenting on today’s energy summit in Berlin. “The chemical
industry has played a key role in helping to achieve this and will continue to do so in the future. I also fully support this. However, I do not believe in a policy that sets a restrictive
framework and overambitious targets. I have learned in over 30 years at BASF that unrealistic demands lead to confusion and failure to achieve success.” Hambrecht signaled that he will play an
active role in the ongoing political discussion. “What is important is that we can see the will to achieve a common objective and strategy. We are glad to offer our expertise in achieving these

BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil
and natural gas. As a reliable partner to virtually all industries, BASF’s high-value products and intelligent system solutions help its customers to be more successful. BASF develops new
technologies and uses them to meet the challenges of the future and open up additional market opportunities. It combines economic success with environmental protection and social
responsibility, thus contributing to a better future. BASF has approximately 95,000 employees and posted sales of
€52.6 billion in 2006. BASF shares are traded on the stock exchanges in Frankfurt (BAS),
London (BFA), New York (BF) and Zurich (AN).

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