Wesel, December 1, 2008

ALTANA's Management and Supervisory Boards recommend acceptance of SKion offer

The Management Board and Supervisory Board of ALTANA AG support the offer of SKion GmbH to acquire further shares of the company for a price of €13.00 per share and recommend that shareholders accept the offer. Both bodies of the company have examined the offer thoroughly, and, considering the overall circumstances of the offer, have evaluated the consideration, as submitted by the bidder, as appropriate. The Management and Supervisory Boards are of the opinion that the offer is in the interests of ALTANA, including the company's employees and its shareholders. The company points out, however, that it is up to each ALTANA shareholder to make their own decision based on their evaluation of the overall situation, their individual circumstances, and their individual assessment of the value and the future stock exchange price of ALTANA.

The Management and Supervisory Boards welcome the trust that SKion GmbH has expressed with regards to the business model of ALTANA, as well as the bidder's intention to further support the company's business model and its strategic goals. "From our point of view, a stable shareholder structure in the present economic environment is of strategic advantage for the long-term oriented specialty chemicals business of ALTANA," said Dr. Matthias L. Wolfgruber, CEO of ALTANA AG. "Therefore, Management and Supervisory Boards regard the prospects connected to an expansion of SKion's shareholding as advantageous."

ALTANA's shareholders will have to decide whether to accept the offer by December 19, 2008.

This press release contains forward-looking statements, i.e. current estimates or expectations of future events or future results. These statements are based on beliefs of ALTANA as well as assumptions made by and information currently available to ALTANA. Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made.

ALTANA develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine "global player" with 83% of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.

ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.

At present, the ALTANA Group has 32 production facilities and 46 service and research laboratories worldwide. Throughout the group about 4,800 people work to ensure the success of ALTANA worldwide. In 2007, ALTANA achieved sales of about 1.4 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.