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LANXESS plans to buy back EUR 50 million in shares

15 Aug 2007 - The Management Board of LANXESS AG decided to repurchase shares of the company up to the value of EUR 50 million in the third quarter of 2007. The shares are to be retired and therefore the earnings per share will increase. A securities trading house will be instructed to carry out the share repurchase program via the stock exchange. The shares will be purchased in one or more tranches.
 
The stock repurchase will take place in line with the authorization pursuant to Section 71, Paragraph 1, No. 8 of the German Stock Corporation Act granted to the Management Board by the Annual Stockholders' Meeting on May 31, 2007.