MOUNT OLIVE, N.J., April 15, 2004 -- BASF will increase prices for its entire product line of styrenic copolymer resins in North America by $0.06 per pound, effective May 1, 2004. This action is in addition to the two previous price increases BASF implemented for these materials earlier this year.

The resins included in this price increase are Terluran® ABS (acrylonitrile/butadiene/styrene), Luran® S ASA (acrylonitrile/styrene/acrylate), Luran SC ASA/PC (polycarbonate), Luran SAN (styrene/acrylonitrile/copolymer) and Terlux® MABS (methyl methacrylate/ABS).

"ABS resins have become more of a commodity, and pricing for styrenic copolymers has been on a downward trend for the past 15 years due to supply and demand factors and productivity improvements," said Herman Savenije, Director of BASF's Styrenic Copolymers business in North America. "However, raw material and energy costs to manufacture styrenic copolymers, as well as costs to transport these resins to our customers, have gone up substantially for the last 18 months -- with a significant spike over the past four months. We foresee no short-term relief from these conditions and must, therefore, implement this price increase."

BASF's styrenic copolymer resins are used to manufacture a broad range of products that include weatherable housing and construction applications, automotive end uses, electrical and electronic products, appliances, lawn and garden equipment, packaging, sporting goods and general injection molding applications.

BASF - The Chemical Company. We don't make a lot of the products you buy. We make a lot of the products you buy better.® BASF Corporation, headquartered in New Jersey, is the North American affiliate of BASF AG, Ludwigshafen, Germany. We employ about 11,000 people in North America and had sales of approximately $9 billion in 2003.

BASF is the world's leading chemical company. Our goal is to grow profitably and further increase the value of our company. We help our customers to be more successful through intelligent system solutions and high-quality products. BASF's portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. Through new technologies we can tap into additional market opportunities. We conduct our business in accordance with the principles of sustainable development. In 2003, BASF had sales of approximately $42 billion and over 87,000 employees worldwide.

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