DALTON, GA, June 3, 2008 -- Effective June 16, 2008, or as contracts allow, BASF will increase its prices by $US 0.05 per dry pound on all Styrofan®carboxylated styrene-butadiene polymers sold to the carpet industry in the United States and Canada, in addition to the $US 0.04 per dry pound price increase that was announced by BASF on May 19, 2008. This makes the total price increase effective June 16, 2008, $US 0.09 per dry pound.
As raw material and energy prices have risen considerably, it is necessary for BASF to increase the prices of its products, in some cases significantly. BASF is seeking ways to solve this problem in dialogue with our customers.

Styrofan is a registered trademark of BASF SE.
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 Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 15,000 employees in North America, and had sales of approximately $16.4 billion in 2007. 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 oil and gas to chemicals, plastics, performance products, agricultural products and fine chemicals. As a reliable partner, BASF helps its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges, such as climate protection, energy efficiency, nutrition and mobility. BASF has more than 95,000 employees and posted sales of almost €58 billion in 2007. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.