CHARLOTTE, NC, July 9, 2008 – Effective August 1, 2008, or as contracts allow, BASF will increase its prices by up to $US 0.20 per dry pound in the United States and Canada for all Butofan® medium solids styrene-butadiene latex products and for Styrofan® and Styronal® styrene-butadiene latex products used in the adhesives, architectural coatings, sealants, construction, paper and nonwovens markets.

This action is necessary as a result of unprecedented increases in raw materials, in particular styrene and butadiene, coupled with freight related fuel surcharges and manufacturing energy requirements that impact BASF’s business.

Butofan, Styrofan and Styronal are registered trademarks of BASF SE.

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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.