Investor Presentaiton

150 years Operational excellence programs 2 1.3 billion earnings contribution from STEP by 2015 Annual earnings contribution in million 4,000 3,000 2,000 1,000 0 2013 2015 STEP program Q-BASF We create chemistry ■ Targeted annual earnings contribution increased 2 from 1 billion to 1.3 billion by end of 2015 ■ Optimization of processes and structures in all regions, e.g. ■ manufacturing, maintenance ■supply chain ■ engineering, best-cost country sourcing ■ Project timeline: 2012-2015 ■ Between 0.9 and 1 billion by the end of 2014 expected ■ One-time cost: 2 1 billion Former cost NEXT STEP saving programs BASF Capital Market Story January 2015 26 26

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