Evonik Donates Funds To Deer Park Education Foundation   

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

DEER PARK, Texas, December 4, 2007 – Evonik Industries, whose chemical operations were formally known as Degussa, today presented the Deer Park Education Foundation with a $500 community grant to support the Foundation's education programs.  

Morgan Enty, Evonik’s RohMax USA site manager, said the company made the donation to introduce its new identity.  

"We're proud of what we do here in Deer Park and we are proud of our industry," Enty 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."  

Sheri Brown, coordinator of the Deer Park Education Foundation, said the donation was "very appreciated" noting that the Foundation distributes grants to teachers for innovative programs or projects.  

"Donations such as this one from Evonik will help teachers bring subjects alive, such as science" said Brown.  "Contributions from corporations help fund a variety of items, including science labs, which are very important to our students today."  

The $500 grant is Evonik’s way of celebrating with its neighbors in Deer Park but is also a continuation of the company-wide commitment to science education, said Enty “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 employees have a deep commitment to science education, he noted. “By supporting our educational institutions,” Enty 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.Mike Sheridan
Evonik Degussa Corporatin
Tel:  973-541-8812
E-mail:  mike.sheridan@degussa.com