Evonik Supports Science Education At Osceola Schools     

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

OSCEOLA, Ark., December 4, 2007 – Evonik Industries, whose chemical operations were formerly known as Degussa, today presented the Osceola School District with a $500 community grant to support the District's science education programs.  

Peter Marks, Evonik’s CYRO Industries’ site manager, said the company made the donation to introduce its new identity and to reemphasize its deep commitment to science education. “By supporting our educational institutions,” Marks said, “we are investing in the development of new scientific discoveries, future research and development researchers, and global economic advancement.”  

Milton Washington, superintendent for the Osceola School District, said the District “greatly appreciates the generous donation and support of our schools by Evonik.”  

Washington added: “Evonik has supported our school district in numerous projects over the years and it is support like this that helps our students achieve a higher standard of education. Evonik’s support is truly an asset to our schools, students, and community.”  

The $500 grant is Evonik’s way of celebrating with its neighbors in Osceola but is also a continuation of the company-wide commitment to science education, said Marks. “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.

Company 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