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BASF to increase stake in hte to 75 percent
Access to high throughput methods for catalyst research and development


Ludwigshafen and Heidelberg, Germany – April 3, 2008 – BASF SE and hte have reached an agreement for BASF to increase its stake in Heidelberg-based hte Aktiengesellschaft from 12.7 percent to 75 percent plus one share. The vendors and BASF have agreed not to disclose financial details of the transaction, which is still subject to merger control clearing.

The high throughput experimentation company, hte, is a leading provider of technology and services for enhancing research and development productivity, in particular in the areas of catalysis, material science and formulations. BASF has held a stake in the company since 2003 through its subsidiary BASF Venture Capital. After the transaction, hte’s operations will be unchanged and hte will continue to serve its international client base.

“BASF will benefit especially from hte’s experience as a global leader in the application of high throughput methods to heterogeneous catalyst R&D,” said Professor Dr. Rainer Diercks, President, Chemicals Research & Engineering at BASF. “As a result, we will be able to develop catalysts for a variety of applications faster and more efficiently.”

“The extension of BASF’s commitment to hte is a clear endorsement of our company’s technology and expertise offering and will afford hte long-term stability and a solid basis for future planning and investing in new technology development,” said Dr. Dirk Demuth, CEO of hte. “Since hte will continue to operate as an independent provider of technology and R&D services, all of our clients will benefit from this transaction,” added Dr. Wolfram Stichert, CFO of hte.

About hte
hte – the high throughput experimentation company – is a leading provider of technology solutions and services to clients in the energy, chemical and environmental sectors. These solutions enable significant enhancement in productivity for R&D in catalysis, materials science and formulations. hte brings the benefit of its extensive expertise in deploying methods for high-throughput experimentation to its clients via two complimentary offerings: (i) Technology Solutions – implementation of tailored, integrated hardware and software solutions at the client's site; (ii) R&D Solutions – collaborative research programs based at hte's state-of-the-art facilities in Heidelberg. Find out more about hte at www.hte-company.com.

About BASF
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from oil and gas to chemicals, plastics, performance products, agricultural products and fine chemicals. As a reliable partner BASF helps its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF has more than 95,000 employees and posted sales of almost €58 billion in 2007. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.

Contacts:
BASF SE
Ingrid Nienaber
Phone: +49 621 60-99123
Fax: +49 621 60-92693
ingrid.nienaber@basf.com

hte AG
Dr. Matthias Reiss
Phone: +49 6221 7497-234
Fax: +49 6221 7497-134
Matthias.Reiss@hte-company.de


Publisher Contact Information:

hte Aktiengesellschaft (High Throughput Experimentation)
+49 6221 7497-234
Matthias.Reiss@hte-company.de

Company profile of hte Aktiengesellschaft (High Throughput Experimentation)
Past press releases of hte Aktiengesellschaft (High Throughput Experimentation).

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