CHARLOTTE, NC, July 9, 2008 – Effective August 1, 2008, or as contracts allow, BASF will increase its prices by $US 0.10 per wet pound in the United States and Canada on all Acronal® and Acronal Optive® all-acrylic latex products, Acronal® styrene-acrylic latex products and Basonal® multi-monomer latex products used in the adhesives, fiber bonding, architectural coatings, paper and construction markets.

This action is necessary as a result of unprecedented cost increases that BASF continues to experience regarding raw materials, freight and energy costs.

Acronal Optive is a registered trademark of BASF Corporation. Acronal and Basonal 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.