Evonik Supports Science Education At Palmetto Elementary School     

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

SARASOTA, Fla., December 4, 2007 –  Evonik Industries, whose chemical operations were formerly known as Degussa, today presented Palmetto Elementary School with a $500 community grant to support the school's science education programs.                                                             

Allan Meyer, Evonik site manager, said the company made the donation to introduce its new identity. The $500 grant is Evonik’s way of celebrating with its neighbors in Sarasota and continuing the company-wide commitment to science education. “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.  

Ed Hundley, principal, Palmetto Elementary School, said the school was "very grateful and very appreciative" of the Evonik donation. "We’re going to use the money to help fund our Renaissance Program, which relies entirely on donations and which recognizes outstanding student and staff each quarter,” said Hundley. "The program is a great motivator for the school. The more support we get from companies like Evonik, the better it is for our pupils and teachers.”  

Evonik employees have a deep commitment to science education, Meyer continued. “By supporting our educational institutions,” Meyer said, “we are investing in the development of new scientific discoveries, future research and development researchers, and global economic advancement.”

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