Ad-hoc | 4 October 2004 07:45

BASF Aktiengesellschaft: BASF continues share buyback program

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– BASF Aktiengesellschaft: BASF continues share buyback program Company increases repurchase of shares from EUR500 million to EUR1 billion The Board of Executive Directors of BASF Aktiengesellschaft has decided to increase its share buyback program. In total BASF plans to repurchase shares for an additional EUR500 million. The repurchasing of the additional shares can begin immediately. During 2004, the company has already used EUR500 million to buy back a total of 11.64 million shares at an average price of EUR42.92. This corresponds to 2.09 percent of the company’s share capital. The aim of buying back shares is to reduce the equity ratio thus lowering the cost of capital and to increase earnings per share. BASF is the world’s leading chemical company. Our goal is to grow profitably and further increase the value of our company. We help our customers to be more successful through intelligent system solutions and high-quality products. BASF’s portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. Through new technologies we can tap into additional market opportunities. We conduct our business in accordance with the principles of sustainable development. In 2003, BASF had sales of more than EUR33 billion (circa $42 billion). BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA), New York (BF), Paris (BA) and Zurich (AN). Further information on BASF is available on the Internet at http://www.basf.com . Contact person: Michael Grabicki Telefon: +49 621 60-99938 Telefax: +49 621 60-92693 michael.grabicki@basf-ag.de end of ad-hoc-announcement (c)DGAP 04.10.2004 ——————————————————————————– WKN: 515 100; ISIN: DE0005151005; Index: DAX, EURO STOXX 50 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; London; Paris 040745 Okt 04