Acquisition of Degussa by RAG completed

Dusseldorf (ots) - Degussa AG, Dusseldorf, RAG Projektgesellschaft
mbH, Essen, and the shareholders who took legal action against the
squeeze-out resolution adopted at Degussa's Annual Shareholders'
Meeting on May 29, 2006 and the resolution adopted at the same
meeting approving the domination and profit-and-loss transfer
agreement concluded between Degussa AG and RAG Projektgesellschaft
mbH on April 13, 2006, have ended the legal dispute with two
settlements at Dusseldorf District Court. The squeeze-out and the
domination and profit-and-loss transfer agreement between Degussa AG
and RAG Projektgesellschaft mbH have been entered in the Commercial
Register and thus taken effect.

RAG Projektgesellschaft mbH has undertaken to pay all minority
shareholders of Degussa a further EUR 1.08 per Degussa share under
the conditions outlined in the settlement, on top of the previous
offer of EUR 44.03 per share, bringing the total payment to EUR 45.11
per share. Shareholders who had already surrendered their shares
under the public offer made by RAG Projektgesellschaft mbH on January
25, 2006 will also receive a total payment of
EUR 45.11 for each Degussa share surrendered.

Further, the minority shareholders of Degussa AG and the
shareholders who accepted the public offer made by RAG
Projektgesellschaft mbH on January 25, 2006, have been granted a
right to participate in the planned initial public offering of shares
of the "white business" of RAG Aktiengesellschaft on the terms
detailed in the settlement, at the price set for retail investors, up
to a total of EUR 25.00 for every share surrendered as a result of
the squeeze-out or under the public offer made by RAG
Projektgesellschaft mbH on January 25, 2006. Eligible shareholders
who are interested in taking up this offer must register with RAG
Projektgesellschaft mbH or a bank named by it by January 2, 2007.

Details of the settlements will shortly be published in the
electronic Federal Gazette (elektronischer Bundesanzeiger).

Degussa is the global market leader in specialty chemicals. Our
business is creating essentials-innovative products and system
solutions that make indispensable contributions to our customers'
success. In fiscal 2005 around 44,000 employees worldwide generated
sales of 11.8 billion euros and operating profits (EBIT) of 940
million euros.

Originaltext: Degussa AG
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ISIN: DE0005421903

Contact:
Hannelore Gantzer
Spokeswoman
Corporate Communications

T +49-211-65041-368
F +49-211-65041-527

hannelore.gantzer@degussa.com