Clariant rejects BASF’s allegations against four companies related to the 2020 competition law infringement

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR

Muttenz, 13 January 2025 – Clariant, a sustainability-focused specialty chemical company, today announced that on Thursday, 9 January 2025, the company was served with a claim for damages against four companies, including Clariant, from BASF with the court of Munich, Germany. The claim alleges damages amounting to EUR 1.4 billion in relation to infringements of competition law on the ethylene purchasing market which was sanctioned by the European Commission in July 2020. Clariant firmly rejects the allegation and will adamantly defend its position in the proceedings. Clariant has substantiated economic evidence that the conduct of the parties did not produce any effect on the market.