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20.10.2000 – 08:16

BASF SE

ots Ad hoc-Service: BASF AG BASF to pay special dividend - EK 45 to be paid to shareholders

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Ludwigshafen (ots Ad hoc-Service) -    

    BASF Aktiengesellschaft intends to pay its retained earnings charged with 45 percent corporation tax (EK 45) to its shareholders in full in 2001. A proposal to this effect is to be made to the Annual Meeting on April 26, 2001.

    Thus, in addition to the dividend reflecting business development, there will be a special dividend of EUR 0.7 per share. "We want our shareholders who are subject to German income or corporation tax to be credited in full with the 45 percent corporation tax paid by the company," is how Max Dietrich Kley, deputy chairman and chief financial officer of BASF Aktiengesellschaft, explained the company's intention.

    For 1999, BASF paid a dividend of EUR 1.13 per share. The Board of Executive Directors of BASF Aktiengesellschaft will propose the dividend for 2000 in the spring of 2001.

    BASF is a return-focused global company generating long-term growth and profitability from its activities in chemicals, health and nutrition, and oil and gas. The company's product range includes high-value chemicals, plastics, dyestuffs and pigments, dispersions, automobile and industrial coatings, crop protection products, pharmaceuticals, fine chemicals, crude oil and natural gas. BASF's approach to integration, known in German as "Verbund," is one of the company's particular strengths and provides a unique competitive advantage. With sales in 1999 of EUR 29.5 billion (about $29.5 billion) and a workforce of 105,000 employees, BASF is one of the world's top chemical companies. BASF's Internet address is www.basf.com.

    Michael Grabicki Tel.(06 21) 60-999 38 Fax (06 21) 60-201 29 E-Mail: michael.grabicki@basf-ag.de

End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de

Original-Content von: BASF SE, übermittelt durch news aktuell

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