Clariant AG

Investor Presentation • May 16, 2008

Patrick Jany, CFO

Disclaimer

Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Clariant's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors such as: the timing and strength of new product offerings; pricing strategies of competitors; the Company's ability to continue to receive adequate products from its vendors on acceptable terms, or at all, and to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Clariant does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials.

Agenda
Highlights first quarter 2008
Financial results
Business review
Strategy update
Outlook
5th Sal. Oppenheim Chemicals Conference, Zürich	Slide 3 May 16, 2008

Sales and EBITDA margins by divisions – first quarter 2008

Divisions Textile, Leather & Paper / Pigments & Additives

Divisions Masterbatches / Functional Chemicals

• Restrained demand in the first quarter
• Sales in the US declined particularly in the housing and automotive industry
• Sales in Europe developed slightly negative
• Good sales growth in Asia and Latin America
• Selective price increases enforced to offset rise in raw material costs
• Price increases compensated for higher raw material costs
• Differentiated pricing strategies implemented
• Strong improvement in profitability
• Further market share gains in the US
• Detergents & Intermediates recovered from low level
• De-icing profited from favorable weather conditions
• Strong demand for Crop Protection products

5th Sal. Oppenheim Chemicals Conference, Zürich May 16, 2008 Slide 16

Example of new structure – Division Functional Chemicals

Outlook for 2008 Environment Increasingly uncertain economic outlook Further increases in raw material and energy costs Clariant Improving operating margin before exceptional items compared to 2007 Continuing strong cash flow generation Period of active portfolio reshaping

5th Sal. Oppenheim Chemicals Conference, Zürich May 16, 2008 Slide 21

IR contacts
Dr. Ulrich Steiner Head of Investor Relations Phone Mobile email	+41 (0) 61 469 67 45 +41 (0) 79 297 27 07 ulrich.steiner@clariant.com
Jaideep Pandya Investor Relations Officer Phone Mobile email	+41 (0) 61 469 67 49 +41 (0) 79 702 97 41 jaideep.pandya@clariant.com
Mirjam Grieder Phone Fax email	+41 (0) 61 469 67 66 +41 (0) 61 469 67 67 mirjam.grieder@clariant.com
Clariant International Ltd 5th Sal. Oppenheim Chemicals Conference, Zürich	Rothausstrasse 61 4132 Muttenz	Switzerland investor-relations@clariant.com May 16, 2008 Slide 23

Backup slides

First quarter 2008 – Key financial group figures

	First quarter
	2008		2007
	CHF million	% of sales	CHF million	% of sales
Sales	2,112	100%	2,156	100%
Local currency growth (LC)	3%
- Organic growth rate*	3%
- Acquisitions/Divestitures	0%
Currencies	-5%
Gross profit	645	30.5%	671	31.1%
EBITDA before exceptionals	230	10.9%	219	10.2%
EBITDA	207	9.8%	210	9.7%
Operating income before exceptionals	167	7.9%	152	7.1%
Operating income	140	6.6%	139	6.4%
Net income from continuing operations	41	1.9%	86	4.0%
Operating cash flow (total operations)**	-6		37
Discontinued operations
Sales	0		46
Net loss from discontinued operations	0		-2

* organic growth: volume and price effects excluding the impact of changes in foreign currency exchange rates and acquisitions/divestitures ** the presentation of the cash flow statement was changed to provide additional relevant information. Comparative information was reclassified accordingly.

5th Sal. Oppenheim Chemicals Conference, Zürich May 16, 2008 Slide 26

Cash flow first quarter 2008

	First quarter
	2008	2007*
	CHF million	CHF million
Net income	41	84
Depreciation & amortization	67	75
Other	84	32
Operating cash flow before working capital	192	191
Changes in working capital and provisions	-198	-154
Operating cash flow	-6	37
Capital expenditure	72	4
Property, Plant & Equipment	-47	-57
Changes in current financial assets	119	61
Acquisitions, disposals and other	-11	10
Cash flow before financing	55	51

5th Sal. Oppenheim Chemicals Conference, Zürich May 16, 2008 Slide 27 * the presentation of the cash flow statement was changed to provide additional relevant information. Comparative information was reclassified accordingly

Financial result first quarter 2008

	First quarter
	2008	2007
	CHF million	CHF million
Interest income	6	5
Interest expenses	-21	-25
Other financial income & expenses	-3	-5
Net interest result	-18	-25
Currency result, net	-44	5
Total financial result	-62	-20