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The Management Board of LANXESS AG decided on August 10, 2007 to repurchase shares of the company.
The resolution is based on the authorization of the Annual General Meeting on Mai 31, 2007, to repurchase own shares in line with the authorization pursuant to Section 71, Paragraph 1, No. 8 of the German Stock Corporation Act up to 10 % of the present capital stock (84,620,670 euro).
The share buy-back takes place In the period from August 20, 2007 to September 30, 2007. In the course of the share buy-back, LANXESS AG may repurchase shares in an amount representing a maximum total purchase price (including transaction costs) of 50,000,000 Euro. The repurchase program will be carry out via the stock exchange. The shares are to be retired.
The share buy-back will be lead-managed by an investment firm and in accordance with Section 14 para. 2 and Section 20a para. 3 of the German Securities Trading Act in conjunction with rules of Commission Regulation (EC) No. 2273/2003 of December 22, 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments.