BASF acquires Ciba shares from Bestinver Group

Spanish investor group sells its stake of approximately 13 percent in Ciba
BASF pays Bestinver CHF 49.50 per share
Additional acceptance period for Ciba shareholders ends on November 14
Ludwigshafen, Germany ?

?By the end of the additional acceptance period, we expect to reach a figure of significantly more than 90 percent of Ciba shares", said BASF spokesman Thomas Nonnast.

Under the terms of its public tender offer, BASF is offering CHF 50.00 in cash for each nominal share in Ciba. The additional acceptance period for the offer ends at 4 p.m. Central European Time (CET) on November 14, 2008. During this period, Ciba shareholders who have so far not tendered their shares have the opportunity to do so for the unaltered price of CHF 50.00 in cash for each nominal share.

The offer price corresponds to a premium of 32 percent above the closing price for Ciba?s shares on September 12, 2008 ? the last trading day before the offer was announced on September 15, 2008 ? and a premium of 60 percent above the volume-weighted average share price for Ciba shares in the 30 days prior to the announcement.

All information about BASF?s offer, including the offer prospectus, is available on the Internet at www.basf-info.com.

About BASF
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.

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contact:

Corporate Media Relations
Gareth Rees

Phone: +49 621 60-20732
Fax: +49 621 60-92693
gareth.rees@basf.com

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