Investor Presentaiton

Shale gas is beneficial for methane and ethane based chemistry 150 years Q-BASF We create chemistry Natural Gas Liquids Ethane Propane Butane ► Cracker Feed Composition of shale gas Methane ► Power plants ► Ammonia Methanol ■ Low transportability of ethane Shift to ethane crackers ◉ Propane and butane easy to transport Export with link to global market ☐ Very limited transportability of methane Methane to remain an abundant product with low pricing in North America (despite LNG projects) Methane and ethane to retain their advantageous cost position in North America BASF Capital Market Story January 2015 45

View entire presentation