DGAP-Adhoc: LANXESS AG: LANXESS finalizes global package to

LANXESS AG / Strategic Company Decision/Agreement

30.01.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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LANXESS finalizes global package to counter crisis

Leverkusen  LANXESS AG has put together a global package of measures named
'CHALLENGE 09' in order to mitigate the effects of weak demand worldwide
and strengthen the specialty chemicals groups position. This package
includes a number of technical process improvements as well as measures
affecting personnel.

Due to the global recession customer demand, especially in the automobile
and construction industries, remained weak in January. LANXESS does not
expect the current economic environment to radically improve going forward.

After holding negotiations with employee representatives and the IG BCE
(the German Mining, Chemical and Energy Industry Union), the following was
agreed upon for around 5,000 German non-managerial employees in 2009:

 Introduction of a 35-hour working week with a corresponding remuneration
decrease as of March 2009 for initially 12 months
 No bonus for the business year 2009

This result is still conditional upon approval from the respective parties
involved.

The following measures for the business year 2009 are envisaged for
LANXESSs Board of Management as well as managerial employees in Germany:

 Reduction in variable salary of LANXESS AG Board of Management amounting
to 10% of fixed salary
 Managerial employees will adjust their variable salaries and their annual
fixed salary reviews for 2009 will be postponed by at least six months.

If economic conditions worsen in the coming months, senior management and
employee representatives will meet on a regular basis to discuss further
measures.

Salary reviews worldwide will also be postponed by at least six months. In
some countries, salary increases will be postponed by twelve months. In
addition, measures to lower personnel costs will be agreed upon according
to the respective country conditions.

Through these measures, which are initially intended for the next twelve
months, the company will lower its cash outs by roughly 50 million Euros
over the period 2009/2010.

Leverkusen, January 30, 2009 

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. 
DGAP 30.01.2009 
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Language:     English
Issuer:       LANXESS AG
              Gebäude K10
              51369 Leverkusen
              Deutschland
Phone:        +49 (0)214 30 33333
Fax:          +49 (0)214 30 40 944
E-mail:       ir@lanxess.com
Internet:     www.lanxess.com
ISIN:         DE0005470405
WKN:          547040
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart;
              Terminbörse EUREX
End of News                                     DGAP News-Service
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DGAP-Adhoc: LANXESS AG: LANXESS finalizes global package to counter crisis
