BASF SE, DE000BASF111

BASF SE, DE000BASF111

04.01.2022 - 13:00:56

BASF SE: BASF resolves on share buyback program with a volume of up to ?3 billion

BASF resolves on share buyback program with a volume of up to ?3 billion

- Own shares to be repurchased from January 2022 until year end 2023

- Repurchased shares to be cancelled, reducing the share capital accordingly

Ludwigshafen - January 4, 2022 - In light of the positive business development and the divestitures in the course of 2021, the Board of Executive Directors of BASF SE has today resolved on a share buyback program. The program amounts to up to ?3 billion, shall start in January 2022 and be concluded by December 31, 2023, at the latest, subject to a renewed authorization to repurchase own shares by the Annual Shareholders' Meeting of BASF SE on April 29, 2022. BASF SE will cancel all repurchased shares and reduce the share capital accordingly.

The share buyback program is based on the authorization by the Annual Shareholders' Meeting of BASF SE on May 12, 2017 authorizing the Board of Executive Directors to purchase up to 10 percent of the issued shares at the time of the resolution (10 percent of the company's share capital) until May 11, 2022. BASF plans to propose to the 2022 Annual Shareholders' Meeting a renewed authorization to buy back own shares. The purchase shall be executed on the electronic trading platform of the Frankfurt Stock Exchange (Xetra) and be conducted making use of the safe-harbor exemption for buyback programs of Article 5 EU Market Abuse Regulation (MAR).

BASF remains committed to its progressive dividend policy. Share buybacks are another tool that BASF will use additionally to create value for its shareholders. Through the share buyback available capital will be returned to shareholders, the company's capital structure optimized and earnings per share increased. BASF will continue to prioritize organic growth in its use of capital, while acquisitions are currently of lower relevance for the company.

Based on the strength of its balance sheet and the company's ability to consistently deliver high free cash flows, BASF continues to strive to maintain a solid A rating. BASF currently has a rating of A/A-1/outlook stable from Standard & Poor's and A3/P-2/outlook stable from Moody's. Fitch currently assigns a rating for BASF of A/F1/outlook stable.

From 1999 to 2008, BASF repurchased shares for around ?9.9 billion and reduced the number of outstanding shares by in total around 29 percent.

Contact Dr. Stefanie Wettberg Investor Relations +49 621-60-48002stefanie.wettberg@basf.com

Jens Fey Corporate Media Relations +49 621 60-99123jens.fey@basf.com

04-Jan-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.dgap.de

Language: English Company: BASF SE Carl-Bosch-Stra?e 38 67056 Ludwigshafen

Germany Phone: +49 (0)621 60-0 Fax: +49 (0)621 60-4 25 25 E-mail: info.service@basf.com Internet: www.basf.com ISIN: DE000BASF111, DE000A0JRFB0, B?rse Dublin, Frankfurter Wertpapierb?rse, DE000A0JRFA2, B?rse Dublin, Frankfurter Wertpapierb?rse, DE000A0JQF26, B?rse Dublin, Frankfurter Wertpapierb?rse, DE000A0EUB86, Frankfurter Wertpapierb?rse, DE0008846718, Frankfurter Wertpapierb?rse, DE000A0XFK16, B?rse Luxemburg, Frankfurter Wertpapierb?rse, XS0420401779, B?rse Luxemburg, XS0412154378, B?rse Luxemburg, Frankfurter B?rse, DE000A0T4DU7,B?rse Luxemburg, Frankfurter B?rse, CH0039943292, Swiss Exchange (SWX), CH0039943383, Swiss Exchange (SWX), DE000A0TKBM, B?rse Luxemburg, Frankfurter B?rse, XS0414672070, B?rse Luxemburg, , WKN: BASF11, WKN A0JRFB, B?rse Dublin, Frankfurter Wertpapierb?rse, , WKN A0JRFA, B?rse Dublin, Frankfurter Wertpapierb?rse, , WKN A0JQF2, B?rse Dublin, Frankfurter Wertpapierb?rse, , WKN A0EUB8, Frankfurter Wertpapierb?rse, , WKN 884671, Frankfurter Wertpapierb?rse, , WKN A0XFK1, B?rse Luxemburg, Frankfurter Wertpapierb?rse, , WKN A0XFHJ, B?rse Luxemburg, , WKN A0T6EG, B?rse Luxemburg, Frankfurter Wertpapierb?rse, , WKN A0T4DU, B?rse Luxemburg, Frankfurter Wertpapierb?rse, , WKN 3994329, Swiss Exchange (SWX), , WKN 3994338, Swiss Exchange (SWX), , WKN A0TKBM, B?rse Luxemburg, Frankfurter Wertpapierb?rse, , WKN A0T65R, B?rse Luxemburg, Indices: DAX, EURO STOXX 50 Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; London, SIX EQS News ID: 1264727 ? End of Announcement DGAP News Service

1264727??04-Jan-2022?CET/CEST

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