September 10, 2008

Simone Recksik
Communications
Coatings & Additives

Phone +49 201 173-2835
Fax +49 201 173-712835
simone.recksik@evonik.com
Evonik Tego Chemie GmbH
Goldschmidtstraße 100
45127 Essen
Germany
Phone +49 201 173-06
Fax +49 201 173-1939
www.tego.de

Supervisory Board
Patrik Wohlhauser, Chairman
Board of Management
Dr. Dietmar Schaefer

Registered Office is Essen
Register Court
Essen Local Court
Commercial Registry B 6174
Price Increase for Additives and Binders

Evonik Tego Chemie GmbH announces price increases which will go into effect in the 4th quarter of 2008. The increases will be at different levels, depending on the product group affected.  In a few cases the price adjustment will be in the double-digit range.

In addition to the overall sharp increases in raw material prices, increased energy-, packaging-, and transportation costs have also contributed to the product cost structure.
Evonik Tego Chemie GmbH sees no alternative but to follow through with this action, as internal cost-reduction measures alone are not enough to compensate for the external cost increases.

Further information is available at www.tego.de

Company information
Evonik Industries is the creative industrial group from Germany which operates in three business areas: Chemicals, Energy and Real Estate. Evonik is a global leader in specialty chemicals, an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our strengths are creativity, specialization, continuous self-renewal, and reliability. Evonik is active in over 100 countries around the world. In its fiscal year 2007 about 43,000 employees generated sales of about €14.4 billion and an operating profit (EBITDA) of more than €2.2 billion. 
Disclaimer
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.