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Registered Shares

A company with registered shares keeps a share register in which the shareholders’ names, dates of birth and addresses as well as the number shares held have to be entered. Only persons entered in the share register count as shareholders (Section 67.1 and 2. German Stock Corporation Act). Shareholders can request that the company provide them with information about their personal data as entered in the share register.

The company may use the registered data in its dealings with its shareholders. It may only use the data for advertising purposes if the shareholder does not object. Shareholders must be appropriately informed of their right to object (Section 67. 6 German Stock Corporation Act).

Objection against use of shareholder-data for advertising purposes ist to be adressed to BASF SE, ZFK/VS, D105, 67056 Ludwigshafen, Germany, providing shareholder's personal information of name, adress and date of birth.

As far as custody is concerned there is no difference between bearer and registered shares, although registered shareholders receive their invitations to the Annual General Meeting (AGM) directly from the company.

The company may use the registered data in its dealings with its shareholders. It may only use the data for advertising purposes if the shareholder does not object. Shareholders must be appropriately informed of their right to object (Section 67. 6 German Stock Corporation Act).

Objection against use of shareholder-data for advertising purposes ist to be adressed to BASF SE, ZFK/VS, C 100,67056 Ludwigshafen, Germany, providing shareholder's personal information of name, adress and date of birth.

Henceforth shareholders entered in the share register receive company communications, such as the invitation to the AGM, directly from the company itself. Shareholders can apply to attend the AGM themselves or authorize a proxy (bank or shareholders’ association) to vote on their behalf. As before dividends are paid out through the shareholder’s custodian bank.

Yes, this is possible. In this case the custodian bank must be registered instead. However, as far as the company is concerned, the custodian bank is then deemed to be the shareholder. Shareholders who have refused to be registered will receive no direct information from the company. In particular, they do not receive their invitations to the AGM directly and are not entitled to exercise their shareholder rights directly.

Registered shares enable a direct dialog between company and shareholders. The company can provide its shareholders with information faster and more individually.

The share register gives the company an overview of its shareholders and shareholder structure. It also enables the company to address all shareholders (as long as they are registered) directly. It also enables the company to conduct more customized and therefore more effective investor-relations work.

Shareholders who are not registered cannot readily attend the AGM, as, from the company’s perspective, only those persons who are registered count as shareholders. Non-registered shareholders cannot apply to attend the AGM themselves. The prerequisite for attendance is therefore a proxy issued to the shareholder by the person entered in the share register in lieu of the shareholder.

General, fixed-term proxies (continuing proxies) for several companies are also valid for registered shares.

Every shareholder may examine the share register on the company’s business premises. However, shareholders may only examine data about themselves.

No, your data are not divulged to anyone else. They are solely for the use of the company.

According to the German Data Protection Act the proper use of data is monitored by a company’s appointed data protection officer and the competent supervisory authority.

Custodian banks are supposed to report changes of address to the companies in question, although it is also possible for shareholders to briefly notify the company of their new address themselves.

This is possible whenever a shareholder objects to being registered. In this case the custodian bank is entered in the share register instead.

However, if shareholders are not registered themselves, they do not count as shareholders for the purposes of the company. Company communications and the invitation to the AGM are then not sent to these shareholders directly.

Conversion to harbors no consequences in terms of taxation. German tax legislation does not distinguish between bearer and registered shares. In particular, conversion does not result in the application of separate Abgeltungssteuer (new flat-rate capital gains tax), even if the securities identification number is changed.

No, there will be no check of the share register against the personnel database.

No. The data stored in the share register will not be used for any purposes connected with employment relationships.

The data stored in the share register will only be used for the purposes of keeping the share register, which companies issuing registered shares are legally bound to do (regarding the relation of company to shareholder). The future use of these data for Investor Relations purposes, as e.g. Investor Relations reports and activities, will be subject to the applicable regulations of the Federal Data Protection Law.

No.

Pursuant to the Federal Data Protection Law, the company's data protection officer is responsible for monitoring that the legal data protection regulations are being complied with.

See above answer to the question whether a boss is informed about the shares held by his employees.

No. The data stored in the share register will not be passed on.

After having received the invitation letter at the beginning of November 2010, by which each shareholder will be informed about his personal shareholder number and PIN, the individual shareholder can retrieve his personal data stored in the share register via the Internet. Moreover, every shareholder is entitled to access his individual data in the share register on the premises of the Company, after having made an appointment under phone no. +49 (0)621 60 43369. No shareholder or third party (with the exception of the individuals listed below) will be entitled to retrieve any data referring to any shareholder other than himself.

Only very few selected employees of ZFK/VS and of the external share register service provider mandated by BASF respectively will have access to the share register.

Only the Board of Executive Directors of BASF SE will be entitled to obtain comprehensive information on the contents of the share register for the purposes described above. In addition, analysis on data stored in the share register will in special cases be made for ZOI for Investor Relations purposes. The respective regulations with regard to data protection will be complied with in each of such cases.

Last Update June 16, 2010