EANS-News: Annual Shareholders´ Meeting 2011: Following a Strong First Quarter, WACKER Expects Further Growth

- Executive and Supervisory Boards’ proposals adopted by large
majority of shareholders
- Dividend for fiscal 2010 is €3.20
- 2011
sales and earnings forecast reaffirmed

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Annual & Special Corporate Meetings

Subtitle: - Executive and Supervisory Boards’ proposals adopted by
large majority of shareholders - Dividend for fiscal 2010 is €3.20 -
2011 sales and earnings forecast reaffirmed

Munich (euro adhoc) - May 18, 2011 - Following a strong first
quarter, Wacker Chemie AG expects further sales and earnings gains
for full-year 2011. Rudolf Staudigl, CEO of the Munich-based chemical
company, underscored this point at WACKER´s 2011 Annual Shareholders´
Meeting. "WACKER is poised for further growth," he said. Staudigl
reaffirmed the full-year forecast and said that sales should cross
the EUR5-billion mark, and earnings before interest, taxes,
depreciation and amortization (EBITDA) should exceed 2010´s EUR1.19
billion level.

Of 2010´s Group net income of EUR497.0 million (2009: EUR-74.5
million), WACKER is paying out a total of EUR159.0 million (2009:
EUR59.6 million) to its shareholders. The dividend per
dividend-entitled share is EUR3.20 (2009: EUR1.20). The Executive and
Supervisory Boards´ other proposals were also adopted by large
majorities.

Following a very good fiscal 2010, WACKER further increased both
sales and earnings in Q1 2011. Sales at the Munich-based chemicals
Group climbed 21 percent to EUR1.29 billion from January through
March 2011 (Q1 2010: EUR1.07 billion) - primarily due to higher sales
volumes. A positive market environment and strong customer demand
fueled WACKER´s continued business growth. The sales gain was
additionally supported by higher prices in some key product segments.
EBITDA achieved even stronger growth, climbing to EUR351.0 million in
Q1 2011 (Q1 2010: EUR253.7 million), up 38 percent.

"After a short lull, WACKER has resumed its growth trajectory," said
CEO Rudolf Staudigl, addressing the company´s shareholders in Munich
on Wednesday. "The broad economic recovery, spanning every industry,
contributed substantially to our strong performance last year. Other
factors were just as important, though. When demand slumped in 2009,
we neither questioned our strategic course, nor did we abandon our
sound core financial policies," the CEO underscored. According to
Staudigl, the Group will continue its efforts this year to enhance
cost structures, processes and competitiveness. He added that WACKER
was optimistic about the future in light of steady strong customer
demand.

Resolutions and Voting Results At today´s Annual Shareholders´
Meeting, 42,786,609 voting shares were represented - 82.04 percent
of all eligible shares (number of shares outstanding: 49,677,983).
The voting results were as follows for agenda items 2 through 7:

Topic 2: Resolution on the Appropriation of Net Retained Profit The
Executive and Supervisory Boards proposed that the net retained
profit for fiscal 2010, amounting to EUR775.3 million, be
appropriated as follows: EUR159.0 million to be paid as a dividend to
shareholders, EUR139.8 million to be kept as retained earnings and
EUR476.5 million to be carried forward to new account. The proposal
was adopted. The result was: - 42,772,448 Yes votes (99.99 percent) -
2,324 No votes

Topic 3: Resolution on the Ratification of the Actions of the
Executive Board The proposal of the Executive and Supervisory Boards
to ratify the acts of the members of Wacker Chemie AG´s Executive
Board during fiscal 2010 was adopted. The result was: - 42,687,373
Yes votes (99.85 percent) - 65,807 No votes

Topic 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 2010 was adopted. The result was: - 42,681,899
Yes votes (99.84 percent) - 69,136 No votes

Topic 5: Resolution on the Appointment of Auditor The Supervisory
Board´s proposal to appoint KPMG AG as auditor for fiscal 2011 was
adopted. The result was: - 41,873,201 Yes votes (97.90 percent) -
900,213 No votes

Topic 6: Approval of the Profit-and-Loss Transfer Agreement between
Wacker Chemie AG and Wacker-Chemie Achte Venture GmbH The Executive
and Supervisory Boards´ proposal to approve the draft of the
profit-and-loss transfer agreement between Wacker Chemie AG and
Wacker-Chemie Achte Venture was adopted. The result was: - 41,973,165
Yes votes (98.13 percent) - 801,232 No votes

Topic 7: Resolution on Changes to the Articles of Association The
Executive and Supervisory Boards´ proposal to rescind
performance-related compensation for Supervisory Board members
effective January 1, 2011 and, in turn, increase their fixed
compensation and flat fees was adopted. The result was: - 40,970,987
Yes votes (95.79 percent) - 1,802,856 No votes

Information for editorial offices: All documents relating to Wacker
Chemie AG´s 2011 Annual Shareholders´ Meeting can be downloaded from
WACKER´s website (www.wacker.com) under Investor Relations.

This press release contains statements about the resolutions of the
2011 Annual Shareholders´ 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 Shareholders´ 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 forwardlooking 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
forwardlooking statements, nor does it assume the obligation to do
so.

end of announcement euro adhoc
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company: Wacker Chemie AG
Hanns-Seidel-Platz 4
D-81737 München
phone: +49 (0) 89 6279 01
FAX: +49 (0) 89 6279 1770
mail: info@wacker.com
WWW: http://www.wacker.com
sector: Chemicals
ISIN: DE000WCH8881
indexes: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX, Prime All
Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English

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