Evonik Donates $11,000 To Schools, Community Organizations

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Grants from global innovation leader marks company's new corporate identity.

We want to celebrate the creation of Evonik Industries, the innovative industrial group with operations in chemicals, energy and real estate and a global leader in specialty chemicals

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Evonik Industries, whose chemical operations were formally known as Degussa, has presented educational institutions, libraries and volunteer organizations across America more than $11,000 in grants to introduce its new identity.

John Rolando, president of Evonik Degussa Corporation, said the contributions are Evonik’s way of celebrating the name change with its neighbors in 22 municipalities across the country and continue a company-wide commitment to the communities where Evonik employees live and work.

“We want to celebrate the creation of Evonik Industries, the innovative industrial group with operations in chemicals, energy and real estate and a global leader in specialty chemicals,” said Rolando. “Evonik Industries is active in over 100 countries around the world. Our strengths are creativity, specialization, continuous self-renewal, and reliability.”

Rolando said Evonik’s donations were primarily to further science education -- to purchase laboratory equipment and supplies, fund student competitions, and support other educational opportunities -- but also included grants to libraries and to a volunteer ambulance association.

“While Evonik is celebrating its new corporate identity, it is also emphasizing the importance of the chemical industry. “Chemistry is a cornerstone of our society,” Rolando said. “Without it, many of the products, conveniences and medicines to which we’ve become accustomed would not exist.”

Evonik's Chemicals Business Area offers a broad portfolio of products and solutions, with a wide range of applications in the automotive, plastics and rubber industries. Evonik also has customers in the pharmaceuticals, biotechnology, cosmetics, paint, sealant and adhesive sectors.

Company information:
Evonik Industries AG is the creative industrial group which operates in three highly profitable, promising 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 Industries is active in over 100 countries around the world. In fiscal 2006 around 43,000 employees generated sales of €14.8 billion and operating profit (EBIT) of over €1.2 billion. Evonik plans to enter the capital market in the first half of 2008.

Disclaimer
In so far as forecasts or expectations are expressed in this press release and where our forward-looking statements concern the future, these forecasts, expectations and statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Evonik Industries AG assumes no obligation to update the forecasts, expectations or statements contained in this release.

For more information, contact:
Mike Sheridan
Evonik Degussa Corporation
Tel: 973-541-8812    

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