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Wacker Chemie AG

EANS-News: WACKER secures Financing for Polyisilicon Expansion via a new EUR400 Million Loan

Munich / Luxembourg (euro adhoc) -

- EUROPEAN INVESTMENT BANK APPROVES A €400 MILLION LOAN TO FINANCE 
THE NEW POLYSILICON-PRODUCTION PROJECT IN NÜNCHRITZ, SAXONY 
(GERMANY)
 - SOME 450 NEW JOBS TO BE CREATED VIA INVESTMENTS OF 
AROUND €800 MILLION
 - WACKER CFO JOACHIM RAUHUT: “THIS LOAN APPROVAL
IS A KEY COMPONENT IN OUR FINANCING PLAN FOR THIS STRATEGIC GROWTH 
PROJECT”
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
finances
May 14, 2009 - The European
Investment Bank (EIB) has approved a long-term EUR400 million loan to
finance Wacker Chemie AG´s new Nünchritz (Saxony) polysilicon 
production facility. The Munich-based chemical company announced the 
decision today. EIB´s Management Committee and Board of Directors 
have already approved granting of the loan and the contractual 
details are to be signed in the next few weeks. WACKER has budgeted 
investments totaling some EUR800 million for its new Nünchritz 
polysilicon production plant. The facility is expected to create 
around 450 new jobs.
"The EIB´s loan approval is a key component in our financing plan for
this strategic growth project," said WACKER CFO Joachim Rauhut. "It 
ensures that we retain sufficient financial flexibility - in light of
the current difficult economic situation - to move forward with the 
expansion of our polysilicon production facility as planned." At the 
same time, Rauhut continued, EIB conditions were attractive compared 
to conventional bank loans or bonds. "I view the loan´s approval as 
confirmation of WACKER´s high creditworthiness and as further proof 
of the close working relationship that we have maintained with the 
EIB for many years," the CFO stressed.
The new polysilicon facility at the Nünchritz site has a nominal 
capacity of 10,000 metric tons per year and is set for commissioning 
in 2011. Thanks to these steps, as well as other ongoing expansion 
measures at the Burghausen site, WACKER´s polysilicon capacity will 
reach 35,500 metric tons annually, compared to today´s 15,000 metric 
tons. This expansion will enable WACKER to meet the increasing global
demand it expects for hyperpure polycrystalline silicon. For coming 
years, WACKER anticipates continued double-digit annual growth in 
solar-sector polysilicon demand.
This press release contains forward-looking statements based on 
assumptions and estimates of WACKER´s Executive Board. Although we 
assume the expectations in these forward-looking statements are 
realistic, we cannot guarantee they will prove to be correct. The 
assumptions may harbor risks and uncertainties that may cause the 
actual figures to differ considerably from the forward-looking 
statements. Factors that may cause such discrepancies include, among 
other things, changes in the economic and business environment, 
variations in exchange and interest rates, the introduction of 
competing products, lack of acceptance for new products or services, 
and changes in corporate strategy. WACKER does not plan to update the
forward-looking statements, nor does it assume the obligation to do 
so.
end of announcement                               euro adhoc

Further inquiry note:

Christof Bachmair
Media Relations & Information
Tel.: +49 (0)89 6279 1830
E-Mail: christof.bachmair@wacker.com

Branche: Chemicals
ISIN: DE000WCH8881
WKN: WCH888
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard

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