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LANXESS 24/04/2007

LANXESS raises prices of the basic chemical nitrotoluene and derivatives

Leverkusen - The LANXESS chemical group is to increase its global prices for nitrotoluenes and derivatives by ten to fourteen percent with immediate effect. According to Nadine Wendt, Product Manager Nitrotoluenes & Derivatives in the Basic Chemicals business unit, the rise has become necessary because of the significant increase in the cost of raw materials and energy.

LANXESS is one of the world's leading producers of nitrotoluene and its derivatives. These basic chemicals cover a broad range of applications, extending from the production of agrochemicals to optical brighteners.

The Basic Chemicals business unit is part of the Chemical Intermediates segment, which posted sales of EUR 1.53 billion in fiscal 2006.

Forward-Looking Statements This news release contains forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.