EANS-News: WACKER Acquires Silicon-Metal Production Site in Norway

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Subtitle: - ANTITRUST AUTHORITIES CLEAR TAKEOVER OF HOLLA SILICON SITE

Munich (euro adhoc) - July 1, 2010 - Wacker Chemie AG has successfully concluded
its acquisition of the silicon-metal production site in Holla from FESIL Group
(Norway). The transaction announced early last month has now been cleared by the
relevant antitrust authorities and approved by WACKER´s and FESIL´s supervisory
bodies. Under the terms of the transaction, WACKER takes over for a purchase
price of around EUR65 million all of FESIL´s production facilities in Holla,
including the related real estate. The strategic acquisition is a key step in
securing WACKER´s long-term supply of silicon metal. Acquiring Holla makes the
Munich-based chemical company more independent of raw-material price
fluctuations and increases its supply security during peak-demand periods.

Silicon metal is one of WACKER´s most important raw materials and is needed for
the production of silicones and hyperpure polysilicon. Holla Metall´s production
capacity is around 50,000 metric tons of silicon metal per year, which
corresponds to about one third of WACKER´s current annual needs.

This press release contains forward-looking statements based on assumptions and
estimates of WACKER´s Executive Board. Although we assume the expectations in
these forward-looking statements are realistic, we cannot guarantee they will
prove to be correct. The assumptions may harbor risks and uncertainties that may
cause the actual figures to differ considerably from the forward-looking
statements. Factors that may cause such discrepancies include, among other
things, changes in the economic and business environment, variations in exchange
and interest rates, the introduction of competing products, lack of acceptance
for new products or services, and changes in corporate strategy. WACKER does not
plan to update the forward-looking statements, nor does it assume the obligation
to do so.

Further inquiry note:
Christof Bachmair
Media Relations & Information
Tel.: +49 (0)89 6279 1830
E-Mail: [email protected]
end of announcement euro adhoc
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issuer: Wacker Chemie AG
Hanns-Seidel-Platz 4
D-81737 München
phone: +49 (0) 89 6279 01
FAX: +49 (0) 89 6279 1770
mail: [email protected]
WWW: http://www.wacker.com
sector: Chemicals
ISIN: DE000WCH8881
indexes: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX, Prime All
Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English

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