EANS-News: WACKER Sells its Tire-Release-Agent Business to Rhein Chemie

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Company Information

Munich / Mannheim (euro adhoc) - July 8, 2011 - Wacker Chemie AG has
sold its silicone-based tire-release-agent business to Rhein Chemie
Rheinau GmbH. The two companies signed a purchase agreement to this
effect today. Both parties have agreed not to disclose the purchase
price.

As part of the agreement, Rhein Chemie (a Lanxess AG subsidiary)
acquires the rights to related product formulations, as well as
existing segment-specific contracts and inventories. Furthermore,
WACKER will continue to supply Rhein Chemie with the required
silicone raw materials, among other products. In 2010, WACKER
generated tire-release-agent sales in the mid one-digit-million
range.

"This divestiture streamlines our portfolio of products and
solutions," said Carlos Weise, president of the WACKER SILICONES
division. "In contrast to Rhein Chemie, WACKER does not focus on
tire-industry applications. Moreover, a multiyear agreement ensures
that Rhein Chemie will continue to be supplied with our silicones for
the manufacture of tire-release agents."

WACKER SILICONES WACKER SILICONES is one of the largest silicone
manufacturers worldwide with over 3,000 highly specialized and
innovative products. The division´s portfolio ranges from silicone
fluids, emulsions, resins, elastomers and sealants to silanes and
pyrogenic silicas. These products stand out due to their significant
value-adding potential - enhancing both the benefits and performance
of customers´ end products. Products from WACKER SILICONES find
application in such sectors as construction, chemicals, cosmetics,
textiles, automotive, paper and electronics. In 2010, WACKER
SILICONES generated some 33 percent of Group sales.

About Rhein Chemie Rhein Chemie develops, produces and sells
additives, specialty chemicals and service products for the rubber,
lubricant and plastics industries. In 2010, Rhein Chemie achieved
sales of EUR283 million and has approximately 1,000 employees
worldwide. The company is headquartered in Mannheim, Germany, and
operates production facilities in Europe, Asia and North and South
America. Rhein Chemie is a wholly owned subsidiary of the specialty
chemicals group LANXESS based in Leverkusen, Germany.

This press release contains forward-looking statements based on
assumptions and estimates of WACKER´s Executive Board. Although we
assume the expectations in these forwardlooking 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
forwardlooking statements, nor does it assume the obligation to do
so.

Further inquiry note:
Christof Bachmair
Media Relations & Information
Tel.: +49 (0)89 6279 1830
E-Mail: christof.bachmair@wacker.com

end of announcement euro adhoc
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company: Wacker Chemie AG
Hanns-Seidel-Platz 4
D-81737 München
phone: +49 (0) 89 6279 01
FAX: +49 (0) 89 6279 1770
mail: info@wacker.com
WWW: http://www.wacker.com
sector: Chemicals
ISIN: DE000WCH8881
indexes: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX, Prime All
Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English