LANXESS: Martin Krämer named new CFO for China and Hong Kong

Christoph Koch appointed Head of Group Function Treasury

Leverkusen – Martin Krämer (41), currently Head of the LANXESS Group Function Treasury, is to be the specialty chemicals group’s new CFO for Greater China. Krämer takes up the position in Shanghai on April 1, 2008. In this function, which in future also includes responsibility for Hong Kong, Krämer will continue to report to LANXESS CFO Matthias Zachert. Krämer’s successor as Head of the Group Function Treasury effective March 1, 2008 is Christoph Koch (43), currently Head of the Corporate Finance department within this Group Function. The present CFO in China, Marc Horn (33), is returning to Group headquarters in Leverkusen to take up new duties.

Martin Krämer gained a degree in commerce in Cologne and started his career in 1991 in Bayer AG's Corporate Auditing department. Following a three-year assignment in Korea and a managerial assignment in Frankfurt, Krämer returned to Leverkusen at the end of 2000 as Head of Business Planning and Administration in Bayer’s Basic and Fine Chemicals Business Group. In July 2004 he took over the Group Function Treasury at LANXESS. Krämer is married with three children.

Christoph Koch studied business administration at Cologne and subsequently worked for Deutsche Bank in New York and Cologne. In March 2003 Koch moved to Kamps AG in Düsseldorf as treasurer. Since July 2004 he has been Head of Corporate Finance at LANXESS. Koch is married with three children.


Forward-Looking Statements
This news release contains forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.