Supports Science Education At Magnolia Junior High School     

Grant From Global Innovation Leader Marks Company's New Corporate Identity  

MAGNOLIA, Ark., December 4, 2007 – Evonik Industries and its subsidiary, Evonik Foams, today presented the Magnolia Junior High School with a $500 community grant to support the school's science education programs.  

Dan Sutton, Evonik Foams site manager, said the company made the donation to introduce its new identity.  Evonik Foams, Inc. was formerly Inspec Foams, Inc.  

"We're proud of what we do here in Magnolia and we are proud of our industry," Sutton said. "Chemistry is a cornerstone of our society. Without it, many of the products, conveniences and medicines to which we've become accustomed would not exist."  

Chris Hurley, Principal at Magnolia Junior High School, praised Evonik Industries and Evonik Foams’ generous gift, adding that it will be put to immediate use.   

“We’re very happy to receive this donation and we will use it to help our students with the upcoming science fair,” said Hurley. “It’s a big benefit for us and will take some of the financial burden off the students.”  

The $500 grant is Evonik’s way of celebrating with its neighbors in Magnolia but is also a continuation of the company-wide commitment to science education, said Sutton. “Learning about the wonders of science can serve as a great inspiration for students, who may go on to be the chemists, researchers, or engineers of tomorrow,” he added. Evonik Foams employees have a deep commitment to science education. “By supporting our educational institutions,” Sutton said, “we are investing in the development of new scientific discoveries, future research and development researchers, and global economic advancement.”

ompany 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

e-mail: mike.sheridan@degussa.com Evonik Supports Science Education At Magnolia Junior High School