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ots Ad hoc-Service: BASF AG <DE0005151005> BASF to pay special dividend - EK 45 to be paid to shareholders

Ludwigshafen (ots Ad hoc-Service) -

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