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Last Update: 03/12/2009
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Statement by the Board of Executive Directors and assurance pursuant to Section 297 (2), Section 315 (1) German Commercial Code

The Board of Executive Directors of BASF SE is responsible for preparing the Consolidated Financial Statements and Management’s Analysis of the BASF Group.

The Consolidated Financial Statements were prepared according to the International Financial Reporting Standards (IFRS), which are published by the International Accounting Standards Board (IASB), London, and have been endorsed by the European Union.

In order to ensure the adherence of the Consolidated Financial Statements of the BASF Group and Management’s Analysis to the applicable accounting rules, and the accuracy of reporting, we have established effective internal control systems.

The adherence to uniform, Group-wide accounting and reporting standards, and the reliability and effectiveness of our control systems are continually audited throughout the Group by our internal audit department. The risk management system we have set up complies with the requirements of the German Control and Transparency in Business Act (91(2), Stock Corporation Act) and is designed to identify material risks in a timely manner, thus enabling the Board of Executive Directors to take appropriate defensive measures as required.

To the best of our knowledge, and in accordance with the applicable reporting principles, the Consolidated Financial Statements of the BASF Group give a true and fair view of the assets, liabilities, financial position and profit situation of the Group, and the Management’s Analysis includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal opportunities and risks associated with the expected development of the Group.

KPMG AG Wirtschaftsprüfungsgesellschaft has audited the Consolidated Financial Statements of the BASF Group and Management’s Analysis and approved them free of qualification. The Consolidated Financial Statements of the BASF Group, the Management’s Analysis and the auditors’ report were examined at length by the Audit Committee of the Supervisory Board in the presence of the auditors at its meeting on February 25, 2009. For the results of the Supervisory Board’s examination, please refer to the Report of the Supervisory Board.

Ludwigshafen, February 25, 2009

DR. JÜRGEN HAMBRECHT
Chairman of the Board of Executive Directors

DR. MARTIN BRUDERMÜLLER

DR. JOHN FELDMANN

DR. STEFAN MARCINOWSKI

DR. KURT BOCK
Chief Financial Officer

DR. HANS-ULRICH ENGEL

DR. ANDREAS KREIMEYER

DR. HARALD SCHWAGER

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