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Strong performance of BASF shares
 BASF’s share price increased by 37.3% and reached its year high of €50.81 in December 2007 (adjusted for 2:1 stock split in June 2008).
Shareholders who reinvested dividends increased the value of their holding by 42% in 2007. This means that the shares significantly outperformed the German and European stock markets, for which the key indices DAX 30 and DJ EURO STOXX 50 rose by 22.3% and 9.7% respectively in the same period. In 2007, BASF’s shares also outperformed the global industry indices DJ Chemicals and MSCI World Chemicals, which increased by 32.9% and 26.7%, respectively.
The assets of a long-term investor who invested the equivalent of €1,000 in BASF shares at the end of 1997 and reinvested the dividends in additional BASF shares would have increased to €4,252 by the end of 2007. This average annual return of 15.6% puts BASF shares substantially above the corresponding return for the EURO STOXX 50 (7.8%) and DAX 30 (6.6%).

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Investment in BASF shares: average annual performance
 Real change compared with previous year

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Change in value of an investment in BASF shares 2007
 (with dividends reinvested, indexed)

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