FLORHAM PARK, NJ, December 18, 2007 -- Effective January 1, 2008, or as contracts allow, BASF will increase prices for the following lubricants and thickeners by 2 cents per pound (18 cents per gallon) in the United States:

• Plurasafe® Concentrate E and Concentrate 1225
• Plurasafe WGF 46E, 46FG, 200E and 300E finished fluids
• Plurasafe 730, 800 and P44 heat transfer fluids
• Pluracol® V and WT thickeners
• Plurasafe Wl and WS base stocks
• Plurasafe Wl and WS finished fluids

BASF - The Chemical Company. We don't make a lot of the products you buy. We make a lot of the products you buy better.®

BASF Corporation, headquartered in New Jersey, is the North American affiliate of BASF AG, Ludwigshafen, Germany. BASF employs more than 15,500 in North America and had sales of approximately $14.3 billion in 2006. For more information about BASF’s North American operations, or to sign up to receive news releases by e-mail, visit www.basf.com/usa.

BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. As a reliable partner to virtually all industries, BASF’s high-value products and intelligent system solutions help its customers to be more successful. BASF develops new technologies and uses them to meet the challenges of the future and open up additional market opportunities. It combines economic success with environmental protection and social responsibility, thus contributing to a better future. BASF has over 95,000 employees and posted sales of €52.6 billion (approximately $66.1 billion) in 2006. Further information on BASF is available on the Internet at www.basf.com.