EANS-News: WACKER secures Financing for Polyisilicon Expansion via a new EUR400 Million Loan

- EUROPEAN INVESTMENT BANK APPROVES A €400 MILLION LOAN TO FINANCE
THE NEW POLYSILICON-PRODUCTION PROJECT IN NÜNCHRITZ, SAXONY
(GERMANY)
- SOME 450 NEW JOBS TO BE CREATED VIA INVESTMENTS OF
AROUND €800 MILLION
- WACKER CFO JOACHIM RAUHUT: “THIS LOAN APPROVAL
IS A KEY COMPONENT IN OUR FINANCING PLAN FOR THIS STRATEGIC GROWTH
PROJECT”

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finances

Munich / Luxembourg (euro adhoc) - May 14, 2009 - The European
Investment Bank (EIB) has approved a long-term EUR400 million loan to
finance Wacker Chemie AG´s new Nünchritz (Saxony) polysilicon
production facility. The Munich-based chemical company announced the
decision today. EIB´s Management Committee and Board of Directors
have already approved granting of the loan and the contractual
details are to be signed in the next few weeks. WACKER has budgeted
investments totaling some EUR800 million for its new Nünchritz
polysilicon production plant. The facility is expected to create
around 450 new jobs.

"The EIB´s loan approval is a key component in our financing plan for
this strategic growth project," said WACKER CFO Joachim Rauhut. "It
ensures that we retain sufficient financial flexibility - in light of
the current difficult economic situation - to move forward with the
expansion of our polysilicon production facility as planned." At the
same time, Rauhut continued, EIB conditions were attractive compared
to conventional bank loans or bonds. "I view the loan´s approval as
confirmation of WACKER´s high creditworthiness and as further proof
of the close working relationship that we have maintained with the
EIB for many years," the CFO stressed.

The new polysilicon facility at the Nünchritz site has a nominal
capacity of 10,000 metric tons per year and is set for commissioning
in 2011. Thanks to these steps, as well as other ongoing expansion
measures at the Burghausen site, WACKER´s polysilicon capacity will
reach 35,500 metric tons annually, compared to today´s 15,000 metric
tons. This expansion will enable WACKER to meet the increasing global
demand it expects for hyperpure polycrystalline silicon. For coming
years, WACKER anticipates continued double-digit annual growth in
solar-sector polysilicon demand.

This press release contains forward-looking statements based on
assumptions and estimates of WACKER´s Executive Board. Although we
assume the expectations in these forward-looking statements are
realistic, we cannot guarantee they will prove to be correct. The
assumptions may harbor risks and uncertainties that may cause the
actual figures to differ considerably from the forward-looking
statements. Factors that may cause such discrepancies include, among
other things, changes in the economic and business environment,
variations in exchange and interest rates, the introduction of
competing products, lack of acceptance for new products or services,
and changes in corporate strategy. WACKER does not plan to update the
forward-looking statements, nor does it assume the obligation to do
so.

end of announcement euro adhoc
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ots Originaltext: Wacker Chemie AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Christof Bachmair

Media Relations & Information

Tel.: +49 (0)89 6279 1830

E-Mail: christof.bachmair@wacker.com

Branche: Chemicals
ISIN: DE000WCH8881
WKN: WCH888
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard