Clariant re-elect board at AGM

4 April 2011

Clariant, a world leader in specialty chemicals, announced at the 16th Annual General Meeting each of the resolutions proposed by the Board of Directors had been adopted. 515 shareholders, representing roughly 31% of the share capital recorded in Clariant's share register attended the Annual General Meeting (AGM) held on March 31 in Basel.

The AGM approved the Annual Report of the company and discharged the corporate bodies of the company for their actions in the business year 2010. In view of the funds to be used for the acquisition of Süd-Chemie AG, the shareholders voted for the proposal to forego payment of a dividend and to allocate the available net profit to the free reserves. For the first time, the AGM voted on the compensation policy and approved the policy by means of a consultative vote.

The Board of Directors was authorised by the AGM to create share capital for the acquisition of Süd-Chemie AG, Munich, Germany. Share capital can be increased to a maximum of CHF 340,000,000 by issuing a maximum of 85,000,000 fully paid up registered shares, each with a par value of CHF 4.0. The part of the capital increase not allocated to the family shareholders will be executed in the form of an at-market rights issue announced on or around April 7, 2011.

The AGM elected and respectively re-elected several members of the board of directors. For the first time, the current Süd-Chemie board members Dr Dolf Stockhausen and Konstantin Winterstein as well as Süd-Chemie CEO Dr Günter von Au were elected to the Board of Directors. The elections remain under the condition precedent that those newly-elected members will step down from their current roles at Süd-Chemie AG.

Dr Peter Isler, member of the Board of Directors since 2004, Dr Dominik Koechlin, member since 2008, Dr Hariolf Kottmann, member since 2008, Carlo G. Soave, member since 2008, Dr Rudolf Wehrli, member and Vice-Chairman since 2007 and Dr Jürg Witmer, Chairman of the Board of Directors since 2007, were all re-elected individually.

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