List of Shares Held 2002

List of Shares Held 2002

Contents 2 I. Fully, proportionally and equity consolidated subsidiaries and affiliates accounted for in the Consolidated Financial Statements 2 1. Fully consolidated subsidiaries (Section 290, Paragraph 2) 2 Germany 3 Europe (outside Germany) 6 North America 7 South America 8 Asia, Pacific Area, Africa 9 2. Proportionally consolidated subsidiaries (Section 310) 9 Germany 9 Europe (outside Germany) 9 North America 10 Asia, Pacific Area, Africa 10 3. Equity consolidated subsidiaries (Section 312) 10 Germany 10 Europe (outside Germany) 11 South America 11 Asia, Pacific Area, Africa 11 4. Equity consolidated affiliates (Section 312) 11 Germany 11 Europe (outside Germany) 11 North America 12 II. Other subsidiaries, affiliates and other participating interests 12 1. Non-consolidated minor subsidiaries (Section 296 [2]) 12 Germany 14 Europe (outside Germany) 17 North America 17 South America 18 Asia, Pacific Area, Africa 20 2. Non-consolidated minor affiliates (Section 311 [2]) 20 Germany 22 Europe (outside Germany) 25 North America 26 South America 26 Asia, Pacific Area, Africa 27 3. Participating interests of between 5 and 20 percent in major corporations (Section 285, No. 11 of the German Commercial Code) 27 Germany 28 III. Information on subsidiaries (exemptions under Section 264, Paragraph 3 and Section 264 b of the German Commercial Code) 28 Germany BASF List of Shares Held 2002 1

BASF Group and BASF Aktiengesellschaft 2001 List of Shares Held Pursuant to Section 313, Paragraph 2 and Section 285, No. 11 of the German Commercial Code I. Fully, proportionally and equity consolidated subsidiaries and affiliates accounted for in the Consolidated Financial Statements 1. Fully consolidated subsidiaries (Section 290, Paragraph 2) Company and headquarters Capital of which Stock- Earnings Currency holders after equity taxes (millions) (millions) (ISO code) Germany Achte BASF Finanzbeteiligungsgesellschaft mbh 100.0 100.0 0.0 0.0 EUR BASF Beteiligungsgesellschaft mbh 100.0 100.0 1,847.9 (269.1) EUR BASF CIS Trading GmbH 100.0 100.0 3.4 0.4 EUR BASF Coatings AG 100.0 239.6 * EUR Münster BASF Drucksysteme GmbH 100.0 56.6 * EUR Stuttgart BASF Handels- und Export GmbH 100.0 100.0 1.5 * EUR BASF Immobilien-Gesellschaft mbh & Co. Pigment KG 100.0 10.6 0.8 EUR BASF Immobilien-Gesellschaft mbh & Co. 100.0 5.1 0.8 EUR Drucksysteme KG, BASF IT Services GmbH 100.0 27.5 7.1 EUR BASF PharmaChemikalien GmbH & Co. KG 100.0 100.0 25.9 (1.2) EUR BASF Pigment GmbH 100.0 13.8 * EUR BASF Plant Science GmbH 91.0 3.1 * EUR BASF Plant Science Holding GmbH 100.0 100.0 183.4 * EUR BASF Schwarzheide GmbH 100.0 209.1 * EUR Schwarzheide Chemische Fabrik Wibarco GmbH 100.0 13.6 6.1 EUR Ibbenbüren Dr. Wolman GmbH 100.0 5.6 2.7 EUR Sinzheim * Profit/loss transfer agreement 2 BASF List of Shares Held 2002

Company and headquarters Capital of which Stock- Earnings Currency holders after equity taxes (millions) (millions) (ISO code) Elastogran-Gruppe Inland 100.0 104.3 * EUR Lemförde Includes: Elastogran GmbH 100.0 102.4 * Lemförde Elastogran Schwarzheide GmbH 100.0 1.9 * Schwarzheide GEWOGE Wohnungsunternehmen der BASF GmbH 97.0 19.4 * EUR Guano-Werke GmbH 100.0 100.0 2,462.4 542.6 EUR Haidkopf GmbH 100.0 0.2 * EUR LUWOGE Wohnungsunternehmen der BASF GmbH 100.0 41.7 * EUR Ultraform GmbH & Co. KG 100.0 100.0 23.0 9.5 EUR Untertage-Speicher-Gesellschaft mbh 100.0 3.0 3.9 EUR WINGAS GbR 65.0 0.0 * EUR WINGAS GmbH 65.0 123.5 * EUR Wintershall AG 100.0 2,065.7 * EUR Wintershall Erdgas Beteiligungs-GmbH 100.0 207.7 * EUR Wintershall Explorations- und Produktions- 100.0 46.6 * EUR Beteiligungsgesellschaft mbh, Wintershall Libyen Explorations- und Produkt. GmbH 100.0 156.5 * EUR Europe (outside Germany) BASF Schweiz AG 100.0 100.0 32.0 5.7 CHF Wädenswil/Au, Switzerland BASF A/S 100.0 100.0 72.1 26.4 DKK Copenhagen, Denmark BASF AB 100.0 100.0 72.2 10.0 SEK Gothenburg, Sweden BASF Agri-Production S.A.S. 100.0 40.9 2.0 EUR Gravelines, France BASF Agro B.V. 100.0 869.4 0.0 EUR Arnhem, the Netherlands * Profit/loss transfer agreement BASF List of Shares Held 2002 3

Company and headquarters Capital of which Stock- Earnings Currency holders after equity taxes (millions) (millions) (ISO code) BASF Agro Hellas Industrial and Commercial S.A. 100.0 100.0 4.9 1.2 EUR Athens, Greece BASF Agro S.A.S. 100.0 63.0 42.9 EUR Tassin-La-Demi-Lune, France BASF Agro Spa 100.0 100.0 8.7 1.4 EUR Cesano Maderno, Italy BASF Agrochemical Products B.V. 100.0 317.8 (0.5) EUR Arnhem, the Netherlands BASF Antwerpen N.V. 100.0 978.9 126.6 EUR Antwerp, Belgium BASF AS 100.0 100.0 65.4 17.1 NOK Asker, Norway BASF Belgium S.A. 100.0 100.0 23.0 3.4 EUR Brussels, Belgium BASF Coatings Holding B.V. 100.0 182.6 24.3 EUR Maarssenbroek, the Netherlands BASF Coatings Ltd. 100.0 5.6 1.9 GBP Deeside, United Kingdom BASF Coatings S.A.S. 100.0 51.8 8.4 EUR Clermont de l'oise, France BASF Coatings Spa 100.0 3.7 (3.6) EUR Burago Molgora, Italy BASF Coatings S.A. 99.7 40.7 7.8 EUR Guadalajara, Spain BASF Coordination Center N.V. 100.0 73.4 9,275.2 300.3 EUR Antwerp, Belgium BASF Curtex S.A. 100.0 32.2 4.2 EUR L'Hospitalet de Llobregat, Spain BASF Drukinkt B.V. 100.0 5.6 1.7 EUR Doetinchem, the Netherlands BASF Española S.A. 100.0 218.8 14.7 EUR Tarragona, Spain BASF France S.A. 100.0 100.0 84.5 42.5 EUR Levallois-Perret, France BASF Health & Nutrition A/S 100.0 100.0 256.9 28.6 DKK Ballerup, Denmark BASF Holding Española S.L. 100.0 100.0 26.2 10.0 EUR Barcelona, Spain BASF Hungaria Kft. 100.0 100.0 2,063.6 256.5 HUF Budapest, Hungary BASF Interservice Spa 100.0 90.0 84.2 3.1 EUR Cesano Maderno, Italy BASF Intertrade AG 100.0 100.0 63.7 28.2 CHF Zug, Switzerland 4 BASF List of Shares Held 2002

Company and headquarters Capital of which Stock- Earnings Currency holders after equity taxes (millions) (millions) (ISO code) BASF IT Services B.V. 100.0 100.0 85.7 0.6 EUR Arnhem, the Netherlands BASF Italia Spa 100.0 49.0 6.9 EUR Cesano Maderno, Italy BASF Nederland B.V. 100.0 100.0 407.4 13.0 EUR Arnhem, the Netherlands BASF Österreich Gesellschaft m.b.h. 100.0 1.00 11.7 1.6 EUR Vienna, Austria BASF Operations B.V. 100.0 2.6 (1.8) EUR Arnhem, the Netherlands BASF OY 100.0 100.0 22.3 (4.8) EUR Helsinki, Finland BASF plc 100.0 97.6 24.3 GBP Wembley, United Kingdom BASF Polska Sp. z.o.o. 100.0 100.0 72.8 12.8 PLN Warsaw, Poland BASF Printing Systems Ltd. 100.0 6.8 0.1 GBP Horsham, United Kingdom BASF Sonatrach Propanchem S.A. 51.0 71.1 (10.0) EUR Tarragona, Spain BASF Systèmes d Impression S.A.S. 100.0 27.0 1.6 EUR Clermont de l Oise, France BASF UK Holdings Ltd. 100.0 100.0 30.8 GBP Cheadle, United Kingdom BASF Vernici e Inchiostri Spa 100.0 19.3 1.0 EUR Cinisello Balsamo, Italy Cyanamid Russ A/O 100.0 100.0 (1.0) 0.1 EUR Moscow, Russia Elastogran France S.A. 100.0 5.1 0.4 EUR Mitry-Mory, France Elastogran Italia Spa (ELIT) 100.0 21.6 4.7 EUR Villanova d'asti, Italy Elastogran S.A. 100.0 10.7 2.7 EUR Rubí (Barcelona), Spain Elastogran U.K. Ltd. (EUK) 100.0 3.1 0.5 GBP Alfreton, United Kingdom Frank Wright Limited 100.0 11.3 0.4 GBP Ashbourne, United Kingdom Société Foncière et Industrielle S.A.S. 100.0 7.2 0.1 EUR Clermont de l Oise, France Wintershall Nederland Petroleum B.V. 100.0 11.1 9.3 EUR BASF List of Shares Held 2002 5

Company and headquarters Capital of which Stock- Earnings Currency holders after equity taxes (millions) (millions) (ISO code) Wintershall Nederland Group 100.0 91.3 19.6 EUR Includes: Clyde Netherlands B.V. 100.0 0.4 0.1 EUR Clyde Petroleum Exploratie B.V. 100.0 415.5 0.8 EUR Wintershall Dubai 100.0 18.7 1.5 EUR Petroleum B.V. Wintershall Nederland B.V. 100.0 69.4 (2.2) EUR Wintershall Nederland 100.0 4.8 0.2 EUR Transport and Trading B.V. Wintershall Noordzee B.V. 100.0 39.3 4.5 EUR Wintershall Oil AG 100.0 2.5 0.8 CHF Zug, Switzerland ZAO BASF 100.0 100.0 2.0 0.6 EUR Moscow, Russia North America BASFIN Corporation 100.0 100.0 3,094.7 (0.2) USD Mount Olive, New Jersey BASF Americas Group 100.0 2,442.6 (104.0) USD Includes: BASF Americas Corporation 100.0 3,128.4 16.2 USD Mount Olive, New Jersey BASF Corporation 100.0 605.4 (161.5) USD Mount Olive, New Jersey BASF AgGenetics LLC 100.0 (3.6) (3.7) USD Research Triangle Park, North Carolina BASF Canada Inc. 100.0 108.6 33.4 USD Toronto, Ontario, Canada BASF Inc. 100.0 100.0 1.7 1.2 USD Toronto, Ontario, Canada BASF FINA Petrochemicals Ltd. Partnership 60.0 126.7 2.2 USD Mount Olive, New Jersey BASF Plant Science Holding s Inc. 100.0 0.1 0.0 USD Mount Olive, New Jersey BASF Plant Science LLC 100.0 (7.5) (7.2) USD Mount Olive, New Jersey BASF Printing Systems LLC 100.0 0.0 0.0 USD Charlotte, North Carolina Bodyshopmall.com LLC 100.0 9.1 5.7 USD Southfield, Michigan 6 BASF List of Shares Held 2002

Company and headquarters Capital of which Stock- Earnings Currency holders after equity taxes (millions) (millions) (ISO code) Micro Flo Company LLC 100.0 67.0 5.4 USD Memphis, Tennessee Thousand Springs Trout Farms Inc. 100.0 0.0 0.0 USD Wilmington, North Carolina BASF Properties Inc. 100.0 2.7 0.4 USD Toronto, Ontario, Canada Tradewinds Chemicals Corporation 100.0 357.4 2.8 USD Mount Olive, New Jersey BASF de Mexico Group 100.0 1,643.5 (125.1) TMXN BASF Coatings de Mexico, S.A. de C.V. 100.0 340.1 27.5 TMXN Mexico City, Mexico BASF Interservicos, S.A. de C.V. 100.0 0.1 0.0 TMXN Mexico City, Mexico BASF de Mexico, S.A. de C.V. 100.0 100.0 1,774.2 (140.6) TMXN Mexico City, Mexico BASF Mexicana, S.A. de C.V. 100.0 2,186.0 (58.2) TMXN Mexico City, Mexico South America BASF Argentina S.A. 100.0 99.9 (452.1) (453.6) ARS Buenos Aires, Argentina BASF Barranquilla S.A. 100.0 13,979.0 10,632.0 COP Barranquilla, Colombia BASF S.A. Group 100.0 830.6 (193.4) BRL Brazil Includes: BASF S.A. 100.0 832.5 (193.2) BRL São Bernardo do Campo, Brazil BASF Poliuretanos Ltda. 100.0 22.6 4.3 BRL Maua, Brazil BASF Chile S.A. 100.0 99.9 25,888.0 4,868.0 CLP Santiago de Chile, Chile BASF de Costa Rica, S.A. 100.0 100.0 3,460.6 674.9 CRC San José, Costa Rica BASF Paraguaya S.A. 100.0 100.0 48,141.2 6,729.1 PYG Asunción, Paraguay BASF Peruana S.A. 99.8 99.8 24.4 12.1 PEN Lima, Peru BASF Quimica Colombiana S.A. 100.0 100.0 45,352.0 5,178.0 COP Medellin, Colombia Wintershall Energía S.A. 100.0 378.5 271.9 ARS Buenos Aires, Argentina BASF List of Shares Held 2002 7

Company and headquarters Capital of which Stock- Earnings Currency holders after equity taxes (millions) (millions) (ISO code) Asia, Pacific Area, Africa BASF (China) Company Ltd. 100.0 100.0 1,040.0 (2.2) CNY Beijing, China BASF (Malaysia) Sdn. Bhd. 100.0 66.5 3.7 MYR Petaling Jaya, Malaysia BASF (Thai) Ltd. 100.0 100.0 1,524.8 366.7 THB Bangkok, Thailand BASF Agro Ltd. 100.0 496.0 448.0 JPY Tokyo, Japan BASF Australia Group Includes: BASF Australia Ltd. 100.0 100.0 22.4 3.4 AUD Melbourne, Victoria, Australia Cyanamid Agriculture PTY. Ltd. 100.0 0.9 AUD Baulkham Hills, New South Wales, Australia BASF China Limited 100.0 100.0 232.6 48.7 HKD Kowloon, Hong Kong, China BASF Colorants and Chemicals Co., Ltd. 100.0 763.0 183.9 CNY Pudong, Shanghai, China BASF Company Ltd. 100.0 434,840.0 33,675.0 KRW Seoul, South Korea BASF Dispersions Co., Ltd. 67.0 481.0 39.0 JPY Tokyo, Japan BASF FZE 100.0 100.0 4.2 3.2 AED Dubai, VAE Dubai BASF India Ltd. 52.7 52.7 2,278.6 281.9 INR Mumbai, India BASF Japan Ltd. 100.0 100.0 18,492.0 1,550.0 JPY Tokyo, Japan BASF New Zealand Ltd. 100.0 100.0 10.7 1.6 NZD Auckland, New Zealand BASF PETRONAS Chemicals Sdn. Bhd. 60.0 60.0 1,183.8 (151.4) MYR Petaling Jaya, Malaysia BASF Philippines, Inc. 100.0 100.0 724.0 48.0 PHP Canlubang, Calamba Laguna, Philippines BASF Services (Malaysia) Sdn. Bhd. 100.0 100.0 228.7 (4.5) MYR Petaling Jaya, Malaysia BASF Singapore Pte. Ltd. 100.0 100.0 12.7 2.2 SGD Singapore BASF South Africa (Pty.) Ltd. 100.0 100.0 116.1 2.5 ZAR Halfway House, South Africa BASF South East Asia Pte. Ltd. 100.0 100.0 563.8 27.3 SGD Singapore 8 BASF List of Shares Held 2002

Company and headquarters Capital of which Stock- Earnings Currency holders after equity taxes (millions) (millions) (ISO code) BASF Styrenics Holding Company* 74.0 74.0 43.5 0.0 USD Port Louis, Mauritius BASF Styrenics Private Ltd.* 74.0 702.7 (101.0) INR Mumbai, India BASF Taiwan Ltd. 100.0 100.0 170.4 30.8 TWD Taipei, Taiwan R.O.C. BASF Trading (Shanghai) Co. Ltd. 100.0 28.9 6.6 CNY Shanghai, China BASF Türk Kimya Sanayi ve Ticaret Ltd. Sti. 100.0 99.0 3,533,179.0 (2,629,920.0) TRL Istanbul, Turkey BASF Vitamins Company Ltd. 98.0 60.0 174.5 19.5 CNY Shenyang, China P.T. BASF Indonesia 97.0 97.0 160,277.0 70,071.0 IDR Jakarta, Indonesia Yangzi-BASF Styrenics Co. Ltd. 60.0 50.0 1,223.1 91.8 CNY Nanjing, China 2. Proportionally consolidated affiliates (Section 310) Germany BASF GE Schwarzheide GmbH & Co. KG 50.0 50.0 21.2 5.4 EUR Schwarzheide Wintershall Erdgas Handelshaus GmbH (WIEH) 50.0 0.1 ** EUR Berlin Europe (outside Germany) ELLBA C.V. 50.0 109.1 48.7 EUR Rotterdam, the Netherlands Produits et Engrais Chimiques du Rhin S.A. (PEC Rhin) 50.0 50.0 26.2 4.2 EUR Ottmarsheim, France Wintershall Erdgas Handelshaus AG 50.0 2.6 50.7 CHF Zug, Switzerland North America Polioles, S.A. de C.V. 50.0 761.4 (21.2) MXN Mexico City, Mexico ** An option to aquire the remaining share in the company exists. ** Profit/loss transfer agreement BASF List of Shares Held 2002 9

Company and headquarters Capital of which Stock- Earnings Currency holders after equity taxes (millions) (millions) (ISO code) Asia, Pacific Area, Africa BASF Inoac Polyurethanes, Ltd. (BIP) 50.0 3,536.0 244.0 JPY Shinshiro-Shi, Aichi, Japan BASF NOF Coatings Co., Ltd. 50.0 19,733.0 89.0 JPY Tokyo, Japan BASF-YPC Company Ltd. 50.0 10.0 4,717.7 (76.1) CNY Nanjing, China ELLBA Eastern Private Ltd. 50.0 40.4 (21.1) USD Singapore Shanghai Gao Qiao-BASF Dispersions Co. Limited 50.0 40.0 323.8 66.1 CNY Shanghai, China 3. Equity consolidated subsidiaries (paragraph 312) Germany BASF Future Business GmbH 100.0 100.0 200.7 (2.6) EUR BASF Venture Capital GmbH 100.0 100.8 1.1 EUR Lucura Rückversicherungs GmbH 100.0 37.3 7.3 EUR Tensid-Chemie Vertriebsgesellschaft mbh 100.0 2.3 3.0 EUR Cologne Wintershall Lenkoran GmbH 100.0 3.6 0.6 EUR Wintershall Wolga Petroleum GmbH** 100.0 18.2 1.3 EUR Europe (outside Germany) BASF Coatings Refinish AG 100.0 1.2 0.1 CHF Wädenswil/Au, Schweiz BASF Coatings Refinish Ltd. 100.0 3.1 0.1 GBP Didcot, United Kingdom BASF Coatings Refinish Spa 100.0 7.9 0.3 EUR Burago Molgora, Italy BASF Ireland Limited 100.0 100.0 2.2 1.2 EUR Dublin, Ireland BASF Sistemas de Impresión, S.A. 100.0 5.0 (0.1) EUR Vilanova del Valles, Spain ** Profit/loss transfer agreement ** Including earnings of consolidated subsidiaries/group 10 BASF List of Shares Held 2002

Company and headquarters Capital of which Stock- Earnings Currency holders after equity taxes (millions) (millions) (ISO code) South America BASF Ecuatoriana S.A. 100.0 99.9 5.0 1.1 EUR Quito, Ecuador BASF Poliuretanos S. A. 100.0 (45.3) (40.8) ARS Buenos Aires, Argentina BASF Sistemas Graficos Ltda. 100.0 1.0 (22.1) BRL Caieiras-SP, Brazil BASF Venezolana, S.A. 100.0 100.0 4,720.2 2,847.8 VEB Caracas, Venezuela Asia, Pacific Area, Africa BASF Headway Polyurethanes (Taiwan) Co. Ltd. 100.0 100.0 73.4 12.7 TWD Hsinchu, Taiwan R.O.C. BASF Hua Yuan Nylon Company Ltd.* 100.0 29.6 (18.9) CNY Shanghai, China BASF JCIC Neopentylglycol Company Ltd. 60.0 50.0 109.9 8.2 CNY Jilin City, China BASF Pakistan (Private) Ltd. 51.0 51.0 313.7 123.5 PKR Karachi, Pakistan BASF Polyurethanes (Malaysia) Sdn. Bhd. 100.0 9.1 1.7 MYR Petaling Jaya, Malaysia BASF Shanghai Coatings Company Ltd. 60.0 85.4 20.8 CNY Shanghai, China 4. Equity consolidated affiliates (Section 312) Germany DyStar Textilfarben GmbH & Co. Germany KG* 30.0 30.0 456.2 15.2 EUR Frankfurt (Main) Solvin GmbH & Co. KG* 25.0 25.0 352.1 (5.6) EUR Hanover Europe (outside Germany) Basell N.V.* 50.0 17.8 3,206.7 7.4 EUR Hoofddorp, the Netherlands Svalöf Weibull AB* 40.0 539.2 (44.1) SEK Svalöv, Sweden North America Sabina Petrochemicals LLC 23.4 36.5 0.0 USD Wilmington, North Carolina ** Including earnings of consolidated subsidiaries/group BASF List of Shares Held 2002 11

II. Other subsidiaries, affiliates and other participating interests 1. Non-consolidated minor subsidiaries (Section 296 [2]) Company and headquarters Capital of which Germany Achte BASF Chemiebeteiligungsgesellschaft mbh 100.0 100.0 Achte BASF Erwerbsgesellschaft mbh 100.0 100.0 Achte BASF Projektentwicklungsgesellschaft mbh 100.0 100.0 ART-Autolack-Systeme GmbH 100.0 Dortmund Ausbildungsplatzinitiative Pfalz GmbH 97.0 97.0 BASF Akquisitions- und Objektverwertungs- 100.0 100.0 gesellschaft mbh, BASF Chemikalien GmbH 100.0 100.0 BASF ChemTrade GmbH 100.0 100.0 Burgbernheim BASF Immobilien-Gesellschaft mbh 100.0 100.0 BASF Innovationsfonds GmbH 100.0 100.0 BASF Isocyanate China Investment GmbH 100.0 BASF Jobmarkt GmbH 100.0 100.0 BASF Katalysatorproduktionsgesellschaft Köln mbh 100.0 100.0 BASF Lizenz GmbH 100.0 BASF Mobilienleasing GmbH 100.0 BASF Power GmbH 100.0 100.0 BASF Spezialdünger Pensionsverwaltung GmbH 100.0 Münster Dr. Heinrich von Brunck Gedächtnisstiftung für Werksangehörige 95.0 95.0 der BASF GmbH, Gesellschaft zur Förderung der Lackkunst mbh 100.0 Münster Gewerkschaft des konsolidierten Steinkohlenbergwerks Breitenbach GmbH 100.0 100.0 Gewerkschaft Röchling GmbH 100.0 12 BASF List of Shares Held 2002

Company and headquarters Capital of which Glasurit GmbH 100.0 Münster-Hiltrup Guano-Werke Pensionsverwaltung GmbH 100.0 Guano-Werke Vermögensverwaltung AG 99.8 Ink Logistic Management GmbH 100.0 Stuttgart K + E Druckfarben Vertriebsgesellschaft mbh 100.0 Stuttgart LUCARA Immobilienverwaltungs GmbH 100.0 100.0 ME Projektabwicklung GmbH 100.0 Metanomics GmbH & Co. KGaA 80.0 Berlin-Charlottenburg Metanomics Verwaltungsgesellschaft mbh 100.0 Berlin-Charlottenburg PEG Personalentwicklungsgesellschaft mbh 100.0 Cologne Projektentwicklungs-GmbH Friesenheimer Insel 100.0 100.0 R-M Autolacke Vertriebs GmbH 100.0 Heusenstamm SEWOGE Service- und Wohnungsunternehmen GmbH 100.0 100.0 Schwarzheide SGS-Schwarzheider Gastronomie und Service GmbH 100.0 Schwarzheide Siebte BASF Projektentwicklungsgesellschaft mbh 100.0 100.0 Simpex GmbH 100.0 St. Ingbert SunGene GmbH & Co. KGaA 66.0 Gatersleben SunGene Verwaltungsgesellschaft mbh 100.0 Gatersleben Ultraform Verwaltungsgesellschaft mbh 100.0 100.0 Vitamultina Pharmazeutische und Nahrungsergänzungsprodukte GmbH 100.0 100.0 Wintershall Bank GmbH 100.0 Wintershall Vermögensverwaltungsgesellschaft mbh 100.0 Zweite BASF Immobilien-Gesellschaft mbh 100.0 95.0 BASF List of Shares Held 2002 13

Company and headquarters Capital of which Europe (outside Germany) ART Autolack-Systeme, S.A. 99.7 Guadalajara, Spain Auto Make-up S.A.R.L. 100.0 Maurepas, France Awiag Ltd. 100.0 Valetta, Malta BASCOM AG 100.0 Wädenswil/Au, Switzerland BASCOM Belgium N.V. 100.0 Brussels, Belgium BASCOM France S.A.S. 100.0 Levallois-Perret, France BASCOM NL B.V. 100.0 Arnhem, the Netherlands BASF Automotive Coatings Services S.A.R.L. 100.0 Clermont de l Oise, France BASF Automotive Coatings Services S.R.O. 100.0 Bratislava, Slovakia BASF Automotive Coatings Services Sp.Z.O.O. 100.0 Swarzedz, Poland BASF Automotive Storitve ZA Avtomobilske d.o.o. 100.0 Ljubljana, Slovenia BASF Biocides Ltd. 100.0 100.0 Ruddington, United Kingdom BASF Coatings Nederland B.V. 100.0 Maarssenbroek, the Netherlands BASF Coatings Refinish GmbH 100.0 Eugendorf, Austria BASF Coatings Refinish Norden AB 100.0 Hisings Kaerra, Sweden BASF Coatings Refinish S.A./N.V. 100.0 Brussels, Belgium BASF Coil Coatings Spa 100.0 Caronno Pertusella, Italy BASF Colorants Trading S.A. 100.0 100.0 San Vittore, Switzerland BASF Container Coatings Systems S.A.S. 100.0 Clermont de l Oise, France BASF Curtex Productos Químicos Ltda 100.0 Porto, Portugal BASF Croatia d.o.o. 100.0 100.0 Zagreb, Croatia BASF Drucksysteme Austria GmbH 100.0 Vienna, Austria 14 BASF List of Shares Held 2002

Company and headquarters Capital of which BASF Drucksysteme Schweiz GmbH 95.0 Wädenswil/Au, Switzerland BASF EOOD 100.0 100.0 Sofia, Bulgaria BASF Finance Europe N.V. 100.0 100.0 Arnhem, the Netherlands BASF IT Services Holding Ltd. 100.0 Cheadle, United Kingdom BASF IT Services Ltd. 100.0 Wilmslow, United Kingdom BASF IT Services N.V. 100.0 Antwerp, Belgium BASF IT Services S.A. 100.0 Barcelona, Spain BASF IT Services Spa 100.0 Cesano Maderno, Italy BASF Jugoslavija d.o.o. 100.0 100.0 Belgrade, Serbia-Montenegro BASF Portuguesa Lda. 100.0 70.5 Prior Velho, Portugal BASF Printing Systems Ireland Ltd. 100.0 Blackrock, Ireland BASF Printing Systems S.A. 99.9 Vilvoorde, Belgium BASF Schou Tryksystemer A/S 100.0 Vamdrup, Denmark BASF Slovenija d.o.o. 100.0 100.0 Ljubljana, Slovenia BASF Slovensko spol. s r.o. 100.0 100.0 Bratislava, Slovakia BASF spol. s r.o. 100.0 100.0 Prague, Czech Republic BASF SRL 100.0 100.0 Bucharest, Romania BASF Styrodur Iberica, S.L. 100.0 Tudela, Spain BASF Tovarystvo z Obmezenoju Vidpovdal'nistju 100.0 99.0 Kiev, Ukraine BASF Trading Center GmbH 100.0 Vienna, Austria BASF Trading Centre Española S.L. 100.0 Barcelona, Spain BASF Trading Centre Italia Spa 100.0 Cesano Maderno, Italy BASF Trading Centre-Produtos Quimicos Lda. 100.0 Marinha Grande, Portugal BASF List of Shares Held 2002 15

Company and headquarters Capital of which BASF Wostok OOO 100.0 100.0 Moscow, Russia BASIS Kemi A/S 100.0 Copenhagen, Denmark Boots Galenika d.o.o. 51.0 51.0 Belgrade, Serbia-Montenegro Cheadle Colour & Chemicals Limited 100.0 Cheadle, United Kingdom Clyde Petroleum (E & P) B.V. 100.0 COMPAREX Information Systems Ltd. 100.0 Cheadle, United Kingdom Couleurs-Paris S.A.R.L. 100.0 Clermont de l Oise, France Cyanamid Agro S.A./N.V. 100.0 Gembloux, Belgium Cyanamid CR s.r.o. 100.0 100.0 Prague, Czech Republic Cyanamid Ireland Limited 100.0 Clonee, Ireland Cyanamid Slovakia s.r.o. 100.0 100.0 Bratislava, Slovakia Elastogran Kemipur Poliuretan System Kft. 90.0 Solymar, Hungary Fishburn Printing Ink Company, Ltd. 100.0 Cheadle, United Kingdom Frank Wright (Feed Supplements) Limited 100.0 Ashbourne, United Kingdom Frank Wright (Transport) Limited 100.0 Ashbourne, United Kingdom Frank Wright Feeds (International) Limited 100.0 Ashbourne, United Kingdom Haus am Kai 1, OOO 100.0 19.6 Moscow, Russia Himmoba AG 100.0 Wädenswil/Au, Switzerland Inmont Limited 100.0 Cheadle, United Kingdom Knoll Polska Sp z.o.o 100.0 100.0 Warsaw, Poland Lipogene AB 91.0 Svalöv, Sweden Minden Farmaceutical Lda. 100.0 100.0 Lisbon, Portugal Organchemie Gesellschaft m.b.h. 100.0 Vienna, Austria 16 BASF List of Shares Held 2002

Company and headquarters Capital of which Plant Science Sweden AB 91.0 Svalöv, Sweden R-M Automotive Refinish Limited 100.0 Enfield, United Kingdom Rainbow Masterbatch Belgium N.V. 100.0 Kuurne, Belgium Valentine Limited 100.0 Cheadle, United Kingdom Western Ink Company Limited 100.0 Cheadle, United Kingdom Wintershall Gas spol. s r.o. 100.0 Prague, Czech Republic Wintershall Services B.V. 100.0 North America Arnprior-Nepean Railway Company Inc. 100.0 Toronto, Ontario, Canada Automotive Refinish Technologies, LLC 100.0 Dearborn, Michigan Automotive Refinish Technology, Inc. (ART) 100.0 Toronto, Ontario, Canada BASF Nichiyu Coatings North America Inc. 100.0 Mount Olive, New Jersey BASF Performance Copolymers LLC 100.0 Wilmington, North Carolina BASF Venture Capital Canada Inc. 100.0 Toronto, Ontario, Canada BF Textile Colours Holding Inc. 100.0 100.0 Wilmington, North Carolina BodyShopmall.com Inc. 100.0 Toronto, Ontario, Canada DNA Landmarks Inc. 81.9 St.-Jean-sur-Richelieu, Quebec, Canada Micro Flo de Mexico S. A. de C.V. 100.0 Mexico City, Mexico Transpharm Inc. 100.0 Mount Olive, New Jersey South America Aislapol S.A. 100.0 99.9 Santiago de Chile, Chile Basanil S.A. 100.0 100.0 Buenos Aires, Argentina BASF List of Shares Held 2002 17

Company and headquarters Capital of which BASF Bolivia S.R.L. 100.0 100.0 La Paz, Bolivia BASF de El Salvador, S.A. de C.V. 100.0 100.0 San Salvador, El Salvador BASF de Guatemala S.A. de C.V. 100.0 99.0 Guatemala City, Guatemala BASF de Nicaragua S.A. 99.9 Managua, Nicaragua BASF Dominicana, S.A. 100.0 100.0 Santo Domingo, Dominican Republic BASF Panama S.A. 100.0 100.0 Panama City, Panama BASF Uruguaya S.A. 100.0 100.0 Montevideo, Uruguay Campos Norte Exploracão e Producão S.A. 100.0 Rio de Janeiro, Brazil Cyanamid de Argentina S.A.I.C. 100.0 Buenos Aires, Argentina Cyanamid El Salvador S.R.L. 100.0 100.0 San Salvador, El Salvador Cyanamid de Uruguay S.A. 100.0 Montevideo, Uruguay Isoseguro Corretora de Seguros Ltda. 99.0 São Bernardo do Campo, Brazil Knoll Centroamericana, S.A. 100.0 100.0 Ciudad de Guatemala, Guatemala Tintas Graficas S.A. 92.5 Santiago de Chile, Chile Tintas Graficas S.A. 92.5 San Luis, Argentina Wintershall BM-C-19 Ltda. 100.0 Rio de Janeiro, Brazil Wintershall BM-ES-1 Ltda. 100.0 Rio de Janeiro, Brazil Wintershall BM-ES-7 Ltda. 100.0 Rio de Janeiro, Brazil Wintershall BM-S-14 Ltd. 100.0 Rio de Janeiro, Brazil Wintershall do Brasil Servicos Ltda. 100.0 Rio de Janeiro, Brazil Asia, Pacific Area, Africa ART Automotive Refinish Technologies (PTY) Ltd. 100.0 Midrand, South Africa BASF (Ethiopia) Ltd. P.L.C. 100.0 100.0 Addis Ababa, Ethiopia 18 BASF List of Shares Held 2002

Company and headquarters Capital of which BASF (Ghana) Ltd. 100.0 100.0 Accra, Ghana BASF (Nigeria) Ltd. 100.0 100.0 Lagos, Nigeria BASF Afrique de l Ouest S.A.R.L. 100.0 100.0 Abidjan, Ivory Coast BASF Agro Ltd. 100.0 Seoul, South Korea BASF Angola Produtos Quimicos, Lda. 100.0 75.0 Luanda, Angola BASF Animal Nutrition (Pty.) Ltd. 100.0 Beaconvale, South Africa BASF Bangladesh Ltd. 76.4 76.4 Dacca, Bangladesh BASF Chemdyes Sdn. Bhd. 51.0 51.0 Perai, Malaysia BASF Chemicals and Polymers (Pvt.)Ltd. 100.0 100.0 Karachi, Pakistan BASF Chemicals Company Ltd. 100.0 Shanghai, China BASF Coating International Trade (Shanghai) Co. Ltd. 100.0 Shanghai, China BASF Coatings (Pty.) Ltd. 100.0 Kinshasa, Democratic Republic of Congo (Zaire) BASF Coatings (Pty.) Ltd. 51.0 Wetherill Park, New South Wales, Australia BASF Coatings + Inks Philippines Inc. 100.0 Makati, Metro Manila, Philippines BASF Coatings Inc. 100.0 Makati City, Philippines BASF Coatings Ltd. 100.0 Bangalore, India BASF Coatings PMB (Pty.) Ltd. 100.0 Gallo Manor, South Africa BASF Colorants Pte. Ltd. 100.0 100.0 Singapore BASF East Africa Ltd. 100.0 100.0 Nairobi, Kenya BASF East Asia Regional Headquarters Limited 100.0 100.0 Hong Kong, China BASF Headway Hongkong Polyurethanes (China) Co. Ltd. 100.0 Panyu Guangdong, China BASF Industries Private Ltd. 100.0 100.0 Mumbai, India BASF Iran AG 100.0 100.0 Teheran, Iran BASF List of Shares Held 2002 19

Company and headquarters Capital of which BASF Ltd. 100.0 99.0 Cairo, Egypt BASF Maroc S.A. 100.0 100.0 Casablanca, Morocco BASF Neuvet (Pty.) Ltd. 100.0 Kempton Park, South Africa BASF S.P.A. 100.0 100.0 Hydra, Algeria BASF Takeda Vitamins Ltd. 66.0 Tokyo, Japan BASF Textile and Leather Centre Asia Sdn. Bhd. 100.0 100.0 Petaling Jaya, Malaysia BASF-Finlay (Private) Limited 66.7 66.7 Colombo, Sri Lanka Cyanamid Agriculture Taiwan Corporation 55.0 55.0 Taipei, Taiwan Cyanamid Agricultural Products Sdh. Bhd. 100.0 100.0 Petaling Jaya, Malaysia Cyanamid Limited 100.0 Lilongwe, Malawi Cyanamid Zambia Ltd. 100.0 Lusaka, Zambia Cyanamid Zimbabwe (PVT) Ltd. 100.0 Workington, Zimbabwe Elastogran Polürethan Sanayi ve Ticaret A.S. 100.0 Pendik-Istanbul, Turkey ME Vitamin Pte. Ltd. 100.0 100.0 Singapore Shanghai BASF Polyurethane Company 70.0 Shanghai, China 2. Non-equity-consolidated minor affiliates (Section 311 [2]) Germany Aurentum Innovationstechnologien GmbH 25.2 Mainz Axaron Bioscience AG 43.4 43.4 Heidelberg Basell Bayreuth Chemie GmbH 47.0 Eschborn Basell Chemie Köln GmbH 50.0 Wesseling Basell Germany GmbH 50.0 Mainz 20 BASF List of Shares Held 2002

Company and headquarters Capital of which Basell Germany Holding GmbH 50.0 Düsseldorf Basell Middle East GmbH 50.0 Wesseling Basell Polyolefine GmbH 50.0 Kehl BASF GE Schwarzheide Beteiligungs GmbH 50.0 50.0 Schwarzheide CWD Chemie-Wirtschaftsdatenbanken GmbH 50.0 50.0 Frankfurt (Main) CWK Software und Service GmbH 27.2 Mannheim DATASOUND Gesellschaft zur Entwicklung und Vermarktung 25.0 digitaler Audio- und Informationssysteme, Deutsche Energy One GmbH 37.5 Frankfurt (Main) DyStar Textilfarben GmbH 30.0 30.0 Frankfurt (Main) Edisen-Electronic GmbH 20.0 Lauchhammer Emsland-Erdölleitung GmbH 25.0 Osterwald Envimax GmbH 50.0 Heddesheim Erdgasverkaufsgesellschaft mbh 28.8 Münster Gesellschaft für Wohnungs-, Gewerbe- und Städtebau Aktiengesellschaft 30.0 Ginger GmbH 22.0 22.0 KDG Kommunale Dienste GmbH 22.5 Mannheim KGS Keto-Gulonsäure Ges. beschränkt haftende OHG 33.3 33.3 Krefeld Netformfive GmbH 20.0 Mannheim Projektförderung Initiative für Beschäftigung GmbH 25.0 Münster RAIL4CHEM Eisenbahnverkehrsgesellschaft mbh 25.0 25.0 Essen Rheingas Erdgasleitungsgesellschaft mbh i.l. 50.0 50.0 Hanover Solvin Europe GmbH 25.2 25.2 Hanover S.T.E.P. Personalentwicklungsgesellschaft mbh 33.4 33.4 BASF List of Shares Held 2002 21

Company and headquarters Capital of which Thermische Rückstandsverwertung Verwaltungs-GmbH 30.0 Wesseling Thermische Rückstandsverwertung GmbH & Co KG (TRV) 30.0 Wesseling Wilhelm Worm GmbH 50.0 Frankfurt (Main) Wirtschaftliche Vereinigung für Kraftstoffe GmbH 50.0 Frankfurt (Main) WV Energie AG 50.0 Frankfurt (Main) WV Versicherungsmakler GmbH 25.0 Frankfurt (Main) Europe (outside Germany) Amylogene Handelsbolaget 45.5 Svalöv, Sweden Basell Arabia Holding B.V. 50.0 Hoofddorp, the Netherlands Basell Belgium S.A. 50.0 Brussels, Belgium Basell Benelux B.V. 50.0 Rotterdam, the Netherlands Basell Brindisi Spa 50.0 Milan, Italy Basell Coordination Company N.V. 50.0 Zaventem, Belgium Basell Europe Holding B.V. 50.0 Hoofddorp, the Netherlands Basell Finance Company B.V. 50.0 Hoofddorp, the Netherlands Basell Finance Italia S.R.L. 50.0 Milan, Italy Basell Fos S.A. 50.0 Levallois-Perret, France Basell France S.A. 50.0 Levallois-Perret, France Basell Iberica Poliolefinas Holding S.L. 50.0 Barcelona, Spain Basell International Holding B.V. 50.0 Hoofddorp, the Netherlands Basell Investissements S.A. 50.0 Paris, France Basell Italia S.R.L. 50.0 Cesano Maderno, Italy Basell Italy Holding Spa 50.0 Milan, Italy 22 BASF List of Shares Held 2002

Company and headquarters Capital of which Basell Manufacturing UK Ltd. 50.0 Manchester, United Kingdom Basell Nederland B.V. 50.0 Arnhem, the Netherlands Basell Nordic AB 50.0 Gothenburg, Sweden Basell Plasticos, Lda 50.0 Lisbon, Portugal Basell Poliolefinas Comercial Española S.L. 50.0 Barcelona, Spain Basell Poliolefinas Iberica S.A. 50.0 Barcelona, Spain Basell Polipropilene S.R.L. 50.0 Milan, Italy Basell Polipropileno Iberica S.A. 50.0 Barcelona, Spain Basell Polyethylene S.A. 50.0 Strasbourg, France Basell Polyolefine Italia Spa 50.0 Milan, Italy Basell Polyolefines France S.A. 50.0 Paris, France Basell Polyolefins Company N.V. 50.0 Zaventem, Belgium Basell Polyolefins UK Ltd. 50.0 Manchester, United Kingdom Basell Polypropylene S.A. 50.0 Lillebonne, France Basell Polypropylene Ltd. 50.0 Manchester, United Kingdom Basell Production France S. A. 50.0 Levallois-Perret, France Basell Service Company B.V. 50.0 Hoofddorp, the Netherlands Basell Taiwan Holding B.V. 50.0 Hoofddorp, the Netherlands Basell Technology Company B.V. 50.0 Hoofddorp, the Netherlands Basell (Thailand) Holdings B.V. 50.0 Hoofddorp, the Netherlands Basell UK Holding Ltd. 50.0 Carrington, United Kingdom Basell UK Ltd. 50.0 Cheadle, United Kingdom BASF Naber S.A. 50.0 Valencia, Spain BASF List of Shares Held 2002 23

Company and headquarters Capital of which BASF Poligrafia Polska S.p. z.o.o. 50.0 Lodz, Poland Compagnie Industrielle des Polyethylenes de Normandie 25.0 Notre-Dame de Gravenchon, France Compleyo Industrial Taqsa AIE 42.5 Tarragona, Spain Elastokam OOO 50.0 Nishnekamsk Promsona, Russia ELLBA B.V. 50.0 Rotterdam, the Netherlands Gestio de residus especiales de Catalunya S.A. 33.3 Tarragona, Spain Hisane A.I.E. 37.5 Reus (Tarragona), Spain Hochert Polypropylene S.A. 50.0 Brussels, Belgium Indurisk Rückversicherungs-GmbH 50.0 Luxembourg, Luxembourg Lameskin S.R.L. 50.0 Milan, Italy L5C Production B.V. 30.0 L8B Production B.V. 25.0 M-Polyolefins AB 50.0 Gothenburg, Sweden N.V. Noordwinning K 13 30.3 Noordwinning L8A B.V. 30.3 Omnexus N.V. 21.0 21.0 Amsterdam, the Netherlands Polixil S.R.L. 20.0 Salerno, Italy P2A (Groep) B.V. 22.2 P6-(Groep) B.V. 27.0 Q4 (Groep) B.V. 29.9 Q8 (Groep) B.V. 30.0 Retiflex S.P. A. 50.0 Milan, Italy SCI de Plastiques de Normandie 50.0 Lillebonne, France 24 BASF List of Shares Held 2002

Company and headquarters Capital of which Severoceska Plynarenska A.S. 20.2 Usti Nad Labem, Czech Republic Societe Civile Immobiliere des Plastiques de Normandie 41.4 Lillebonne, France Societe du Craqueur de L Aubette SAS 25.0 Berre L Etang, France Stredoceska Plynarenska A.S. 31.0 Prague, Czech Republic Société de participation dans l industrie et le Transport du Petrole 27.2 Neuilly-sur-Seine, France TDP A.I.E. 25.0 Tarragona, Spain Transformadora de Propileno A.I.E. 25.0 Tarragona, Spain Texmet S.P.A. 50.0 Lamezia Terme, Italy UNA S.A. 25.0 Barcelona, Spain WIEE Romania SRL 50.0 Bucharest, Romania Wirom Gas S.A. 25.0 Bucharest, Romania Wolgodeminoil OOO 50.0 Volgograd, Russia WV Hungary Handels- und Dienstleistungsgesellschaft mbh 50.0 Budapest, Hungary North America Aislantes y Acusticos de Monterrey. S.A. de C.V. 50.0 Santa Catarina, N.L.C.P., Mexico Basell American Finance Corporation 50.0 Wilmington, North Carolina Basell Asia-Pacific Inc. 50.0 Wilmington, North Carolina Basell Canada Inc. 50.0 Mississauga, Ontario, Canada Basell Capital Corporation 50.0 Wilmington, North Carolina Basell de Mexico, S.A. de C.V. 50.0 Colonia del Valle, Mexico Basell Finance USA Inc. 50.0 Albany, New York Basell Impact Holding Company 50.0 Wilmington, North Carolina Basell Polyethylene Inc. 50.0 Wilmington, North Carolina BASF List of Shares Held 2002 25

Company and headquarters Capital of which Basell USA Inc. 50.0 Wilmington, North Carolina Baselltech USA Inc. 50.0 Wilmington, North Carolina CHD Enterprises Inc. 50.0 Wilmington, North Carolina Indelpro S.A. de C.V 24.5 Garza Garzia, Mexico Polymer Resource Group Inc. 50.0 Wilmington, North Carolina South America Basell Brasil Poliolefinas Ltda. 50.0 São Paulo, Brazil Petroken Petroquimica Ensenada S.A. 25.0 Buenos Aires, Argentina Polibrasil Participacoes S.A. 25.0 São Paulo, Brazil Tintas Graficas Vencedor S.A. 46.2 San Juan de Lurigancho Lima, Peru Asia, Pacific Area, Africa Basell Australia Holding PTY 50.0 Melbourne, Victoria, Australia Basell Australia PTY Ltd. 50.0 Melbourne, Victoria, Australia Basell China Ltd. 50.0 Hong Kong, China Basell Korea Ltd. 50.0 Seoul, South Korea BASF AKZO Nobel Automotive OEM Coatings PTY. Limited 50.0 Melbourne, Victoria, Australia BASF Kanoo Gulf FZE 49.0 Dubai, VAE Dubai BASF Kanoo Gulf LLC 49.0 49.0 Dubai, VAE Dubai BASF Tunisie S.A. 49.0 49.0 Megrine, Tunesia Chunichi Paint Co., Ltd. 50.0 Nagoya, Japan CSJ K.K. 50.0 Tokyo, Japan Idemitsu-BASF Co., Ltd. 50.0 50.0 Tokyo, Japan 26 BASF List of Shares Held 2002

Company and headquarters Capital of which Kartal Kimya San. ve Tic. A.S. 25.1 25.1 Istanbul, Turkey Kyushu Nissan Paint Co., Ltd. 50.0 Fukuoka, Japan Machino-Basell India Ltd. 25.0 Delphi, India MCB Corporation 50.0 Yokkaichi, Mie, Japan Nisso BASF Agro Co., Ltd. 45.0 45.0 Tokyo, Japan NOF Kansai Marine Coatings Co., Ltd. 25.0 Tokyo, Japan NOF (Thailand) Ltd. 20.0 Bangkok, Thailand Pigment Manufacturers of Australia Ltd. i.l. 50.0 Laverton, Victoria, Australia Poly Pacific Polymers Sdh. Bhd. 25.0 Kuala Lumpur, Malaysia Poly Pacific PTY Ltd. 25.0 Dandenong, Victoria, Australia Shanghai Lianheng Isocyanate Company 35.0 Shanghai, China Taiwan NOF Coatings Ltd. 35.0 Taipei, Taiwan R.O.C. Vitacolor Industries, Inc. 40.0 40.0 Manila, Philippines Yasar BASF Automotive Coatings Company Ltds. 50.0 Izmir, Turkey 3. Participating interest of between 5 and 20 percent in major corporations (Section 285, No. 11 of the German Commercial Code) Company and headquarters Capital of which Stock- Earnings Currency holders after equity taxes (millions) (millions) (ISO code) Germany K + S Aktiengesellschaft 16.7 16.7 457.6* 118.3* EUR VNG-Verbundnetz Gas AG 15.8 437.1* 96.4* EUR Leipzig * 2001 Financial Statements BASF List of Shares Held 2002 27

III. Information on subsidiaries The German subsidiaries listed below, which have the legal form of either a corporation or a partnership, make use of the exemptions offered by Section 264, Paragraph 3 or Section 264 b of the German Commercial Code, respectively. Company and headquarters Germany BASF Coatings AG Münster BASF Drucksysteme GmbH Stuttgart BASF PharmaChemikalien GmbH & Co. KG BASF Pigment GmbH BASF Schwarzheide GmbH Schwarzheide Elastogran GmbH Lemförde GEWOGE Wohnungsunternehmen der BASF GmbH Haidkopf GmbH LUWOGE Wohnungsunternehmen der BASF GmbH Tensid-Chemie Vertriebsgesellschaft mit beschränkter Haftung Cologne Ultraform GmbH & Co. KG WINGAS GmbH Wintershall AG Wintershall Erdgas Beteiligungs-GmbH Wintershall Erdgas Handelshaus GmbH Berlin Wintershall Explorations- und Produktions-Beteiligungsges. mbh Wintershall Libyen Explorations- und Produktions-GmbH 28 BASF List of Shares Held 2002

Publisher: BASF Aktiengesellschaft Corporate Department Communications 67056 Ludwigshafen Germany Contacts Corporate Media Relations: Michael Grabicki Tel.: +49 621 60-99938 Fax: +49 621 60-20129 Investor Relations: Carolin Weitzmann Tel.: +49 621 60-48230 Fax: +49 621 60-22500 General inquiries: Tel.: +49 621 60-0 Fax: +49 621 60-42525 E-Mail: info.service@basf-ag.de Internet: www.basf.com BASF Aktiengesellschaft 67056 Ludwigshafen Germany ZOAC 0303 E