Last Update:
March 1, 2012

Statement by the Board of Executive Directors and assurance pursuant to Section 297(2), Section 315(1) German Commercial Code

The Board of Executive Directors of BASF SE is responsible for preparing the Consolidated Financial Statements and Management’s Analysis of the BASF Group.

The Consolidated Financial Statements for 2011 were prepared according to the International Financial Reporting Standards (IFRS), which are published by the International Accounting Standards Board (IASB), London, and have been endorsed by the European Union.

In order to ensure the adherence of the Consolidated Financial Statements of the BASF Group and Management’s Analysis to the applicable accounting rules, and the accuracy of reporting, we have established effective internal control systems.

The adherence to uniform, Group-wide accounting and reporting standards, and the reliability and effectiveness of our control systems are continually audited throughout the Group by our internal audit department. The risk management system we have set up is designed to identify material risks in a timely manner, thus enabling the Board of Executive Directors to take appropriate defensive measures as required.

To the best of our knowledge, and in accordance with the applicable reporting principles, the Consolidated Financial Statements of the BASF Group give a true and fair view of the assets, liabilities, financial position and profit situation of the Group, and the Management’s Analysis includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal opportunities and risks associated with the expected development of the Group.

Ludwigshafen, February 22, 2012

Dr. Kurt Bock
Chairman of the Board of Executive Directors

Dr. Hans-Ulrich Engel
Chief Financial Officer

Dr. Andreas Kreimeyer

Dr. Harald Schwager

Dr. Martin Brudermüller
Vice Chairman of the Board of Executive Directors

Michael Heinz

Dr. Stefan Marcinowski

Margret Suckale

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