EANS-News: WACKER Acquires Silicon-Metal Production Site in Norway

- ANTITRUST AUTHORITIES CLEAR TAKEOVER OF HOLLA SILICON SITE

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Company Information

Subtitle: - ANTITRUST AUTHORITIES CLEAR TAKEOVER OF HOLLA SILICON
SITE

Munich (euro adhoc) - July 1, 2010 - Wacker Chemie AG has
successfully concluded its acquisition of the silicon-metal
production site in Holla from FESIL Group (Norway). The transaction
announced early last month has now been cleared by the relevant
antitrust authorities and approved by WACKER´s and FESIL´s
supervisory bodies. Under the terms of the transaction, WACKER takes
over for a purchase price of around EUR65 million all of FESIL´s
production facilities in Holla, including the related real estate.
The strategic acquisition is a key step in securing WACKER´s
long-term supply of silicon metal. Acquiring Holla makes the
Munich-based chemical company more independent of raw-material price
fluctuations and increases its supply security during peak-demand
periods.

Silicon metal is one of WACKER´s most important raw materials and is
needed for the production of silicones and hyperpure polysilicon.
Holla Metall´s production capacity is around 50,000 metric tons of
silicon metal per year, which corresponds to about one third of
WACKER´s current annual needs.

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: Frankfurt / regulated dealing/prime standard