BASF Increases Prices For Additives And Pigments For Plastic Applications

LUDWIGSHAFEN, Germany — June1, 2011 — BASF increases prices globally for antioxidants and process
stabilizers for plastic applications up to 15 percent, in selected cases up to 25 percent and for
selected products across the portfolio of additives and pigments for plastic applications up to 25
percent. New prices are effective for deliveries starting today or as contracts allow. These price
increases are applied in addition to the prior announced December and February increases.

These price increases are necessary to cover further significant increase in raw material
cost, mainly fatty alcohols, methyl acrylate and phenols as well as increases in other raw

BASF is committed to the plastic additives business. However, the past and future expected
raw material cost escalations and volatility combined with current profitability levels require an
increase in prices to sustain BASF’s ability to invest.

BASF, as a leading supplier for plastic additives, intends to secure future product
availability, supply reliability, continuity in quality, service and innovation to best meet our
customers’ needs and market conditions.

Posted June 3, 2011

Source: BASF