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Positive impact on group tax rate

Covestro expects positive effect from recently enacted U.S. tax reform

Positive one-time effect of ca. EUR 85 million on net income expected in 2017 / Additional positive impact on coming years

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Commitment to MDI market:

Covestro continues production at Tarragona site

Investment of around EUR 200 million / Debottlenecking to increase MDI capacity to 220,000 metric tons / Own chlorine production to be established

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Covestro strengthens its Board of Management

Dr. Thomas Toepfer to be new Chief Financial Officer of Covestro

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Strongest quarter in company’s history

Covestro raises the bar and announces share buyback

Group sales rise 16.9% to EUR 3.5 billion / Core volumes up 2.6% over prior-year quarter / EBITDA climbs 50.2% to EUR 862 million / Net income grows 89.6% to EUR 491 million / Free operating cash flow increases 1.9% to EUR 658 million / EUR 1 billion in sales via online platform announced / Share buyback of up to EUR 1.5 billion of stock capital

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Group sales and profitability substantially increased

Strong second-quarter earnings for Covestro

Group sales up 17.0% to EUR 3.5 billion / Core volumes down slightly by 1.6% / EBITDA grew 56.5% to EUR 848 million / Net income more than doubled to EUR 484 million / Free operating cash flow (FOCF) up 34.6%

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Group sales and profitability substantially increased

Strong second-quarter earnings for Covestro

Group sales up 17.0% to EUR 3.5 billion / Core volumes down slightly by 1.6% / EBITDA grew 56.5% to EUR 848 million / Net income more than doubled to EUR 484 million / Free operating cash flow (FOCF) up 34.6%

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Covestro holds Capital Markets Day:

Committed to creating value

EUR 5 billion in FOCF over the next five years anticipated / Available excess cash will be returned to shareholders

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After Frank H. Lutz’ resignation as CFO of Covestro:

CEO Patrick Thomas takes over interim CFO responsibilities at Covestro

Long-term successful strategy to be continued / CFO succession planning on the way

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Changes at the top of Covestro’s Board of Management by end of Q3 2018

Covestro plans for succession of CEO

Patrick Thomas’ term as CEO runs until 30 September 2018 / Successful strategy will be continued / Supervisory Board unanimously appointed Dr. Markus Steilemann as successor

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Covestro responds to strong customer demand in polycarbonates

Further increase of polycarbonate production

Total capacity in Shanghai to reach 600,000 tons per year

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