Sumitomo Chemical and BASF take major step in global development ofa novel fungicideTokyo, JAPAN and Ludwigshafen, GERMANY – June 22, 2018 – Sumitomo Chemical and BASF,
two of the world’s leading chemical companies, announced today that under an existing joint
development framework, Sumitomo Chemical has submitted a registration application in the EU for
the novel fungicide compound with the ISO common name metyltetraprole 1. The fungicide, discoveredby Sumitomo Chemical, will be trademarked as Pavecto®.
The compound belongs to a group of fungicides known as Quinone outside Inhibitors (QoI), and withthe chemical structure tetrazolinone, represents novel chemistry in this group. Pavecto® differs fromexisting QoI fungicides because it controls pathogens that have developed resistance towards
strobilurin fungicides currently available on the market. Through this collaboration, both companies
have demonstrated that Pavecto® is a highly effective fungicide for the control of a broad range ofdiseases, including Septoria leaf blotch in wheat. In addition, Pavecto® will play an important role inresistance management, providing growers with an innovative tool to protect their crops and secureyields.
Kimitoshi Umeda, Associate Officer in charge of AgroSolutions Division-International at Sumitomo
Chemical said, “This novel fungicide, Pavecto®, will become an effective solution to control majordiseases and help growers improve their productivity and profitability. Pavecto® will be submitted forregistration in more countries, and we look forward to making Pavecto® formulated products available
to more growers around the world.”“Agriculture is a dynamic market, with ever-changing needs and challenges. Pavecto® willcomplement our fungicide portfolio delivering our promise to support farming with new solutions andtechnologies,” said Livio Tedeschi, Senior Vice President BASF Crop Protection Europe. “We aim toprovide growers across Europe with much needed new tools via several high-performing formulations
complemented by existing active ingredients and compounds from our pipeline.”

1ISO common name provisionally approved-1-

Further submissions of the registration dossier are planned globally. Pending regulatory approval,
Sumitomo Chemical and BASF expect market introduction of Pavecto®-based formulations in the EUfrom 2022 onwards.

About Sumitomo Chemical Company Limited
Headquartered in Tokyo, Japan, Sumitomo Chemical is one of Japan’s leading chemical companies, offering adiverse range of products globally in the fields of petrochemicals, energy and functional materials, IT-related
chemicals and materials, health and crop science products, and pharmaceuticals. The company’s consolidated
sales revenue for fiscal year 2017 was JPY 2.2 trillion. For additional information, visit the company’s website
at www.sumitomo-chem.co.jp/english.

About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental
protection and social responsibility. The more than 115,000 employees in the BASF Group work on contributing
to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio isorganized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, AgriculturalSolutions and Oil & Gas. BASF generated sales of €64.5 billion in 2017. BASF shares are traded on the stock
exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.

Contact:
BASF
Jasmin Tortop(Germany)
Tel. +49 621 60 28412
jasmin.tortop@basf.com

Sumitomo Chemical
Corporate Communications Dept.
(Japan)Tel. +81 3 5543 5102
sumika-kouhou@ya.sumitomo-chem.co.jp-2-