Peter-Alexander Wacker is new Chairman of the Supervisory Board

- At its constituent session, new Supervisory Board unanimously
elects Peter-Alexander Wacker to its Chairman
- Rudolf Staudigl
becomes President & CEO, Wilhelm Sittenthaler joins Executive Board

- Executive and Supervisory Board proposals adopted by large majority
at 2008 Annual Shareholder Meeting
- Dividend raised to €3.00 for
2007, including a special bonus
- Sales and aernings forecast for
2008 reaffirmed

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Munich (euro adhoc) - May 8, 2008 - Today, Wacker Chemie AG´s
Supervisory Board unanimously elected former President & CEO
Peter-Alexander Wacker (57) to its chairman during its constituent
session following 2008´s Annual Shareholder Meeting. At the end of
the Annual Shareholder Meeting, Rudolf Staudigl (53) took over as
President & CEO, as previously announced. Wilhelm Sittenthaler (52)
acquired a seat on WACKER´s Executive Board, his appointment also
taking effect at the end of the Annual Shareholder Meeting. The
changeover on both boards was thus completed as planned.

After the best year in its over 90-year history, the MDAX-listed
chemical company will distribute a total of EUR149.0 million (2007:
EUR124.2m) to its shareholders. The dividend, including a special
bonus of EUR0.75 (2007: EUR0.50), rose to EUR3.00 (2007: EUR2.50) per
entitled share. The Annual Shareholder Meeting likewise adopted the
remaining Supervisory and Executive Board proposals by a large
majority.

WACKER´s 2007 sales and earnings marked a new all-time high. Sales
increased 13 percent to EUR3.78 billion (2006: EUR3.34bn), with net
income rising 36 percent to EUR422 million (2006: EUR311.3 million).

In the first quarter of 2008, the Munich-based chemical company
maintained its growth course. Q1 sales rose 8 percent year on year,
reaching EUR1.02 billion (Q1 2007: EUR943.7 million). Net income
climbed to EUR130.6 million (Q1 2007: EUR114.5m), up 14 percent.

WACKER reaffirmed its full-year forecast for 2008. The company
expects consolidated sales to gain clearly over 10 percent. EBITDA
(earnings before interest, tax, depreciation and amortization) is
expected to grow, too.

"Despite significant economic headwinds, we are on course for solid
sales and earnings growth," said outgoing President & CEO
Peter-Alexander Wacker to the shareholders on Thursday in Munich.
"Our strong first quarter is a sound basis for sustaining the
positive trend during the rest of the year," he added.

At the same time, Peter-Alexander Wacker thanked shareholders,
business partners and employees for their trust. "I´m especially
grateful to our employees, whose hard work over the years greatly
helped to ensure WACKER´s success," he said. "I cannot stress enough
how much I value their commitment."

Resolutions and Voting Results At today´s Annual Shareholder Meeting,
43,328,013 voting shares were represented - 83.08 percent of all
eligible shares (number of shares outstanding: 49,677,983). The
voting results for agenda items 2 through 8 were as follows:

Item 2: Resolution on the Appropriation of Profits The Executive and
Supervisory Boards proposed that the net retained profit for fiscal
2007, amounting to EUR1.09 billion, be appropriated as follows:
EUR149.0 million to be paid out to shareholders, EUR617.0 million to
be kept as retained earnings and EUR326.9 million to be carried
forward to new account. The proposal was adopted. The result was: -
43,295,950 Yes votes (99.99 percent) - 1,941 No votes

Item 3: Resolution on the Ratification of the Actions of the
Executive Board The Executive and Supervisory Boards´ proposal to
ratify the acts of the members of Wacker Chemie AG´s Executive Board
during fiscal 2007 was adopted. The result was: - 42,348,623 Yes
votes (99.90 percent) - 42,892 No votes

Item 4: Resolution on the Ratification of the Actions of the
Supervisory Board The Executive and Supervisory Boards´ proposal to
ratify the acts of the members of Wacker Chemie AG´s Supervisory
Board during fiscal 2007 was adopted. The result was: - 42,361,492
Yes votes (99.90 percent) - 42,935 No votes

Item 5: Resolution on the Choice of Auditor The Supervisory Board´s
proposal to appoint KPMG as auditor for fiscal 2008 was adopted. The
result was: - 43,243,604 Yes votes (99.88 percent) - 50,914 No votes

Item 6: Supervisory Board Elections The Supervisory Board´s proposal
to appoint the following persons to the Supervisory Board was adopted
by over 90.9 percent in each case. Matthias Biebl, Dr. Werner Biebl,
Franz-Josef Kortüm, Dr. Thomas Strüngmann, Dr. Bernd Voss, Dr.
Peter-Alexander Wacker, Dr. Susanne Weiss and Prof. Dr. Ernst-Ludwig
Winnacker were appointed until the 2013 Annual Shareholder Meeting.
The individual results for each candidate have been published at
www.wacker.com.

Item 7: Authorization to Acquire Treasury Shares The Executive and
Supervisory Boards´ proposal to authorize the Executive Board to
acquire treasury shares representing up to 10 percent of the current
share capital was adopted. The result was: - 43,251,467 Yes votes
(99.99 percent) - 2,019 No votes

Item 8: Resolution on Changes to the Articles of Incorporation The
Executive and Supervisory Boards´ proposal to increase the annual
compensation (stipulated in the Articles of Incorporation) for
Supervisory Board members from EUR15,000 to EUR25,000 was adopted.
The result was: - 42,393,007 Yes votes (97.91 percent) - 903,256 No
votes

Information for editorial offices: All documents relating to Wacker
Chemie AG´s 2008 Annual Shareholding Meeting can be downloaded from
WACKER´s website (www.wacker.com) under Investor Relations.

This press release contains statements about the resolutions of the
2008 Annual Shareholder Meeting. Said statements are not binding and
serve the sole purpose of providing an overview. They may not always
correspond to the exact wording and full extent of the resolutions
adopted at the Annual Shareholder Meeting.

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.

end of announcement euro adhoc
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ots Originaltext: Wacker Chemie AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Christof Bachmair

Media Relations & Information

Tel.: +49 (0)89 6279 1830

E-Mail: christof.bachmair@wacker.com

Branche: Chemicals
ISIN: DE000WCH8881
WKN: WCH888
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard


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