Annual General Meeting 2004

Minutes

Item 1: Annual Report, Group and Parent Company Accounts for 2003, Reports of the Group and Statutory Auditors

The Board of Directors proposed that the Annual Report, Group and Parent Company Accounts be approved.

The Chairman noted that Ernst & Young Ltd. as Group and Statutory Auditors had recommended - without qualification - that the Group Accounts and Annual Accounts be approved.

In the detailed discussion which followed, the questions raised related primarily to the compensation awarded to senior executives. Numerous suggestions were made and it was also proposed that the Annual Report and Annual Accounts be rejected. However, no motions were submitted which required to be voted on specifically.

Equally, no formal motions were submitted during the discussion on the "Interhandel / I.G. Farben in Liquidation" issue.

The Annual General Meeting approved the Annual Report, Group and Parent Company Accounts for 2003, with the voting being as follows:

Votes cast

314,708,192

Absolute majority

139,972,192

Votes in favour

312,922,475

Votes against

360,978

Abstentions

1,424,739

Items