BASF to raise prices for oxo alcohols

MOUNT OLIVE, N.J., September 22, 2003 - Effective October 1, 2003, or as allowed by contract, BASF will increase all off-schedule selling prices for oxo alcohols by $0.05 per pound in North America. These increases will be applied to normal butanol, isobutanol and 2-ethyl hexanol.

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BASF is the world's leading chemical company, offering its customers a range of high-performance products, including chemicals, plastics, performance products, agricultural products, fine chemicals as well as crude oil and natural gas. Its distinctive approach to integration, known in German as "Verbund," is its strength. It enables BASF to achieve cost leadership and gives the company a competitive advantage. BASF conducts its business in accordance with the principles of sustainable development. In 2002, BASF had sales of $34 billion and more than 89,000 employees worldwide. BASF Corporation is the North American affiliate of BASF AG, Ludwigshafen, Germany. In North America, 2002 sales were approximately $8.2 billion and the company employs approximately 12,000 people. For more information or to receive news releases by e-mail, visit www.basf.com/usa.

For more information, contact:

Bill Pagano
BASF Corporation
Tel: (973) 426-2139
E-mail: paganow@basf.com