The Covestro Board of Management has decided to buy back own shares worth a maximum notional amount of EUR 1.5 billion (or up to 10% of the outstanding capital stock, depending on which value is reached first. This decision is based on the authorization of the Annual General Meeting of September 1, 2015.

The share buy-back will be executed through XETRA trading (FSE) in line with the requirements for share buy-back programs set forth by the Market Abuse Regulation and the associated EU Commission Implementing Regulation.

The buy-back program is planned to commence during the fourth quarter 2017 and has an initial duration until mid of 2019.


Contacts:
Ronald Köhler
Head of Investor Relations
Phone: +49 214 6009 5098
E-mail: ronald.koehler@covestro.com

Ilia Kürten
Phone: +49 214 6009 7429
E-mail: ilia.kuerten@covestro.com

Cedric Schupp
Phone: +49 214 6009 2336
E-mail: cedric.schupp@covestro.com