BASF and TODA KOGYO CORP. enter negotiations to collaborate incathode active materials in North America
Tokyo, Japan and Ludwigshafen, Germany – August 9, 2016 – BASF, the world’s
leading chemical company, and TODA KOGYO CORP., one of the industry leaders in
the development and manufacture of chemicals and iron oxides, have announced thatthey will enter exclusive negotiations to collaborate in cathode active materials (CAM)
and its respective precursors in North America.
The proposed collaboration would focus on the manufacture of a broad range of CAM
and its respective precursors in North America for use in lithium-ion batteries for theautomotive, consumer electronics and stationary storage markets.
TODA KOGYO CORP. and BASF, which have already collaborated in Japan in the formof BASF TODA Battery Materials LLC., would combine their respective CAM
businesses in North America to strengthen their alliance in the global market. BASF
would have a majority ownership stake in the proposed collaboration.
“This proposed collaboration builds on the already successful relationship between
BASF and TODA and reinforces BASF’s commitment to the North American cathodematerials market,” said Kenneth Lane, President of BASF’s Catalysts division. “We lookforward to working with TODA to expand our mutually rewarding relationship, allowing
us to combine our cathode materials expertise to serve the growing North Americanmarket,” Lane added.
“In contrast to the highly mature mobile electronics and IT industries, the automotive
lithium-ion battery market is still in its infancy period. Starting last year, due to astronger demand in China, the USA and the EU market, over 30% growth per annum isnow expected in the coming years. In order to achieve a top position in this supply
market, we must continue to maintain and improve our strong capabilities in safety, costcompetitiveness, product performance, supply capacity and recycling areas,” said
Tadashi Kubota, Chairman of TODA KOGYO CORP. “This proposed collaboration inNorth America plus the existing collaboration in Japan will create additional synergyeffects on a global scale allowing us to achieve this goal and will further strengthen ourpresence in the market. We will continue to provide the appropriate response to the fast
growing needs of our customers and this industry,” Kubota added.

About BASF’s Catalysts division
BASF’s Catalysts division is the world’s leading supplier of environmental and process catalysts.
The group offers exceptional expertise in the development of technologies that protect the air
we breathe, produce the fuels that power our world and ensure efficient production of a wide
variety of chemicals, plastics and other products, including advanced battery materials. Byleveraging our industry-leading R&D platforms, passion for innovation and deep knowledge ofprecious and base metals, BASF’s Catalysts division develops unique, proprietary solutions thatdrive customer success. Further information on BASF’s Catalysts division is available on theInternet at www.catalysts.basf.com.

About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success withenvironmental protection and social responsibility. The approximately 112,000 employees in theBASF Group work on contributing to the success of our customers in nearly all sectors andalmost every country in the world. Our portfolio is organized into five segments: Chemicals,Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas.
BASF generated sales of more than €70 billion in 2015. BASF shares are traded on the stock
exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information atwww.basf.com.

2About TODA KOGYO CORP.
TODA KOGYO CORP. is specialized in the Wet Synthesis Technology of metal oxide, andmanufacturing lithium-ion battery materials, coloring materials including pigments and toners,
magnetic powder materials, ferrite materials and other various magnetic materials. We aim toexpand our business globally along with our fundamental line to provide solutions to support
society in the aspects of information, environment and energy. TODA KOGYO CORP. hadconsolidated net sales of about 28.5 billion JPY in the fiscal year 2015, and hold approximately
905 employees at the end of fiscal year 2015. More information on TODA KOGYO CORP. isavailable at http://www.todakogyo.co.jp.

Media contacts:
TODA KOGYO CORP.
Corporate Planning Department
Naotaka Tanimoto, Koji Miyahara
Phone: +81(0)82-577-0055
Email: webmaster@todakogyo.co.jp

BASF SE
Corporate Media Relations
Sabrina van der Pütten
Phone: +49 621 60-71233Email: sabrina.van-der-puetten@basf.com

BASF Corporation
Global Communications, Catalysts
Cesar F. Garcia
Phone: +1-732-205-7650
Email: cesar.f.garcia@basf.com

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