LANXESS AG — M&A Activity 2007

Jun 29, 2007

News Details

Ad-hoc | 29 June 2007 04:57

LANXESS AG: LANXESS moves business unit Lustran Polymers into a global joint venture with INEOS

LANXESS AG / Disposal/Merger

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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LANXESS moves business unit Lustran Polymers into a global joint venture
with INEOS

Full withdrawal from this field of business two years after first closing,
which is expected end of September 2007

Leverkusen – The Leverkusen-based chemical group LANXESS has found a
partner for its global ABS plastics business and is establishing a joint
venture with the British chemical group INEOS. LANXESS is incorporating its
Lustran Polymers business unit into the joint venture and will initially
hold a 49 percent minority interest in the new company. It has been agreed
that INEOS will take over LANXESS’ 49 percent minority interest in the
joint venture two years after the first closing to occur at the end of
September 2007. As a result, LANXESS will then have withdrawn completely
from this business.
The completion of the transaction still requires, among other things,
approval from the antitrust authorities.

Additional information will be provided at 07.30 a.m. Central European Time
(CET).

Leverkusen, June 29, 2007

LANXESS AG
51369 Leverkusen
Germany

ISIN: DE0005470405
WKN: 547 040
Listing: Frankfurt (Prime Standard)

Contacts LANXESS AG/ Investor Relations

Michael Pontzen: +49 214-30 43804
Tanja Satzer: +49 214-30 43801
Oliver Stratmann: +49 214-30 49611
Dr. Gerd Zelesny: +49 214-30 71416

Legal notice

This announcement is issued for information purposes only and constitutes
neither an offer to sell nor an invitation to purchase securities.

Dissemination of this announcement and/or the offering for sale or the sale
of LANXESS shares may be legally restricted in certain jurisdictions.
Persons receiving or reading this announcement should inquire as to the
existence of such restrictions and should observe them.

It is not intended to publish a sales prospectus or other information
material relating to the offering in the Federal Republic of Germany. In
particular, no sales prospectus within the meaning of the Securities Sales
Prospectus Act will be published in the Federal Republic of Germany. Any
offers, sales or the publication of offer documents in the Federal Republic
of Germany may therefore violate the Securities Sales Prospectus Act.

This announcement is not an offer for the sale of securities in the United
States of America. Neither the offer for sale nor the sale of LANXESS
shares has been or is being registered under the U.S. Securities Act of
1933, as amended. Therefore, the shares may not be offered for sale or sold
except with prior registration or with an exemption from registration under
the said Act. A public placement of the shares in the United States would
only be permissible upon the issuance of a prospectus containing detailed
information on LANXESS and its management together with financial
statements of LANXESS and consolidated financial statements of the LANXESS
Group.

This announcement is directed only to persons who 1) are currently outside
the United Kingdom or 2) have professional investment experience (within
the meaning of Article 19(5) of the Financial Services and Market Act 2000
(Financial Promotion) Order 2001 (the 'Order') and 3) are covered by
Article 49(2)(a) to (d) of the Order (high net worth corporations,
unincorporated associations etc.). All such persons are for this purpose
designated 'relevant persons'. Persons other than relevant persons may
neither take this announcement as an inducement to purchase securities nor
place reliance upon it. The shares referred to in this announcement are
available only to relevant persons. Invitations, agreements and offers to
purchase such shares are directed only to relevant persons. If you are
currently in the United Kingdom and do not fall into one of the above
categories, the investment options to which this announcement refers are
not available to you and you should neither take this announcement as an
inducement to purchase securities nor place reliance upon it.
DGAP 29.06.2007

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Language: English
Issuer: LANXESS AG
Gebäude K10
51369 Leverkusen Deutschland
Phone: +49 (0)214 30 33333
Fax: +49 (0)214 30 40 944
E-mail: ir@lanxess.com
Internet: www.lanxess.com
ISIN: DE0005470405
WKN: 547040
Indices: MDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Hannover, München, Hamburg, Düsseldorf,
Stuttgart; Terminbörse EUREX

End of News DGAP News-Service

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