BASF to increase prices in Europe, Africa and Western Asia for polymer dispersions by €80/tonne and redispersible powders by €140/tonne, effective March 1; company attributes price increase to rise in cost of raw materials

LUDWIGSHAFEN, Germany , February 29, 2012 (press release) – Effective March 1, 2012, or as contracts allow, BASF will increase prices in Europe, Africa and Western Asia for polymer dispersions by 80 Euro per metric ton and redispersible powders by 140 Euro per metric ton.The price increase is necessary due to the significant rise in the cost of raw materials.

The products affected by the price increase are used as polymers for adhesives,fiberbonding, architectural coatings and construction chemicals.

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 atwww.basf.com.

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