BASF to increase prices in Europe, Middle East and Africa for resins, dispersions for coatings, printing and packaging industries by 3%-12%, effective March 1; price increase affects, but not limited to, Joncryl, Luhydran and Acronal product ranges

Alison Gallant

LUDWIGSHAFEN, Germany , February 29, 2012 (press release) – As from March 1, 2012, BASF increases prices in Europe, Middle East and Africa for resins and dispersions for the coatings, printing and packaging industries by 3 - 12 % as existing contracts allow. The price increase affects, but is not limited to, the following product ranges: Joncryl®, Luhydran®, and Acronal®.

The price adjustments are necessary mainly due to further significantly increased costs of key raw materials.

About BASF

BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about €73.5 billion in 2011 and had more than 111,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.

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