Investor Presentaiton

Ammonia joint venture* enables low raw materials costs for BASF downstreams Hydrogen** Long-term sourcing contracts Nitrogen** 150 years Q-BASF We create chemistry Improved cost position for BASF's downstream products ◉ ■ World-scale producer Yara-BASF Ammonia joint venture Yara merchant market ◉ economics plant with focus on captive demand only (BASF) Site: BASF Verbund site Freeport, Texas Capacity: 750 kt p.a. Advantages of hydrogen & nitrogen based technology: Caprolactam Isocyanates Amines BASF Capital Market Story January 2015 BASF Group - Lower capital investment No greenhouse gas emissions - Faster execution ** Project under evaluation Hydrogen and nitrogen are available in the Freeport area 46

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