Evonik To Increase Select Polyurethane Additives Prices In North America    

PARSIPPANY, N. J. – May 6, 2008 – Effective June 6, 2008, Evonik Goldschmidt Corporation’s Polyurethane Additives business line will increase prices for KOSMOS® 29 stannous octoate by 20% in North America.  

Dilutions of KOSMOS 29® as well as KOSMOS® 19 di-butyl tin di-laurate will be increased in proportion to their tin content.  

The primary reasons for the increases are rapidly rising raw material costs.  

Company information
Evonik Industries is the creative industrial group from Germany which operates in three business areas: Chemicals, Energy and Real Estate. Evonik is a global leader in specialty chemicals, an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our strengths are creativity, specialization, continuous self-renewal, and reliability. Evonik is active in over 100 countries around the world. In its fiscal year 2007 about 43,000 employees generated sales of about Euro 14.4 billion and an operating profit (EBIT) of more than Euro 1.3 billion (preliminary figures).

Disclaimer
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.