ALTANA

Bad Homburg / Wesel, Germany, May 2, 2007

ALTANA AG completes a EUR 400 million syndicated credit facility

ALTANA AG announced that it has successfully syndicated a consortial line of credit of € 400 million. The credit line is available for general corporate purposes.

 

Commerzbank, Deutsche Bank, Dresdner Bank, JP Morgan and WestLB are the Mandated Lead Arrangers of the banking consortium extending the line of credit. Commerzbank and JP Morgan served as the book runners responsible for coordinating the credit line. With a total of 17 banks participating at its conclusion, the syndication process was distinctly oversubscribed.

 

The revolving credit facility has a term of 5 years with two extension options for a total of two additional years. The initial margin is set at 25 base points over EURIBOR.

 

This Press Release contains statements concerning the future. They are based on estimations made by the Board of Management of ALTANA, assumptions made by ALTANA, and information currently available to ALTANA. Statements concerning the future are only valid as of the date on which they are made. ALTANA does not intend, and is not obliged, to develop statements about the future further or to revise them in response to future events and/or developments.