Directors’ Dealings | 23 May 2007 15:08

DGAP-DD: Henkel KGaA english

Notification concerning transactions by persons performing managerial responsibilities pursuant to section 15a of the WpHG Directors’ Dealings notification transmitted by DGAP – a company of EquityStory AG. The person with duty of notification is solely responsible for the content of this announcement. —————————————————————————— Details of the person subject to the disclosure requirement Last name: Dr. Henkel First name: Christoph Position: Member of an administrative or supervisory body Information about the transaction with duty of notification Description of the financial instrument: call option ISIN/WKN of the financial instrument: Type of transaction: sale call option Date: 18.05.2007 Price: not numberable Currency: EUR No. of items: 110000 Total amount traded: 0 Place: over the counter Description of the derivative Description of the underlying instrument: preferred share Underlying (WKN/ISIN): DE0006048432 Price multiplier: Strike price: 135.20 Currency: EUR Expiration date: 31.03.2010 Explanation for publication: sale of call options in relation to 110,000 preferred shares. Strike price: 135.20 Euro. Maturity: March 31 and April 1, 2010 (Part of a hedging transaction – purchase of put options, sale of call options by changing and adjusting the transaction entered into on the 10th of Mai 2007 – in order to hedge in total 120,000 ordinary shares and 110,000 preferred shares (incl. the transaction of the 10th of May 2007). Strike Price Put-Option: 97.10 Euro per ordinary share, 107.70 Euro per preferred share. Strike Price Call-Option: 121.89 Euro per ordinary share, 135.20 Euro per preferred share.) Information about the company with duty of publication Issuer: Henkel KGaA Henkelstr. 67 40191 Düsseldorf Germany ISIN: DE0006048432 WKN: 604843 Index: DAX Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart End of Directors’ Dealings Notification (c) DGAP 23.05.2007 ID 2352