Ad-hoc | 22 November 2002 08:30

Celanese AG english

Celanese Resolves to Cancel and Repurchase Company Shares Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Celanese AG will cancel 1,125,000 of the company’s 55,915,369 shares and will repurchase a total of up to 1,031,941 of its own shares. The company currently has 5,572,095 of its own shares and thus falls just below the legal limit of 10% of its share capital. The resolution by the shareholders at the Annual General Meeting to purchase company shares includes the authorization to cancel shares purchased without a further shareholder resolution, upon approval by the Supervisory Board. With the approval of the Supervisory Board the Board of Management has decided to cancel in December 2002 1,125,000 of the company’s treasury shares. This results in a reduction of the company’s registered share capital by EUR 2,876,016.83, from EUR 142,945,371.02 to EUR 140,069,354.19 and a corresponding reduction in treasury shares from nearly 10% to approximately 8%. The Board of Management also resolved to make use immediately upon conclusion of the cancellation of shares of the authorization given at the Annual General Meeting 2002 to again repurchase company shares. As a result, the Company will tentatively start to repurchase a total of up to 1,031,941 shares in December 2002. Celanese expects to have the purchase of shares completed by the end of April 2003. end of ad-hoc-announcement (c)DGAP 22.11.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Contact – Media Relations: Phillip Elliott, Tel. +49 (0)69 305 33480 Contact – Investor Relations: Michael Oberste-Wilms, Tel. +49 (0)69 305 83199 Oliver Stratmann, Tel. +49 (0)69 305 4139 Andrea Stine (USA), Tel. +1 908 522 7784 More information about Celanese is available in the internet under http://www.celanese.com ——————————————————————————– WKN: 575300; ISIN: DE0005753008; Index: MDAX Listed: Amtlicher Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München und Stuttgart; NYSE 220830 Nov 02