BAYER CORPORATION

BAYER CORPORATION

January 07, 2005 18:24 ET

Bayer Boosts Tsunami Relief Effort; Company Matches U.S. and Canadian Employee Donations Dollar For Dollar; Bayer Global Cash and Product Donations Now More Than $13 Million


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BAYER CORPORATION

NYSE SYMBOL: BAY

JANUARY 7, 2005 - 18:24 ET

Bayer Boosts Tsunami Relief Effort; Company Matches
U.S. and Canadian Employee Donations Dollar For
Dollar; Bayer Global Cash and Product Donations Now
More Than $13 Million

PITTSBURGH--(CCNMatthews - Jan 7, 2005) -

Bayer Corporation announced today it has established a tsunami relief
effort and will match employee donations across the U.S. and Canada
dollar for dollar.

Bayer companies worldwide are assisting the victims of the Asian
tsunamis with both monetary and product donations totaling more than $13
million.

"Bayer employees across the world have acted with great generosity in
response to this disaster," said Attila Molnar, Bayer Corporation's
president and CEO. "Bayer is committed to our global community, and we
hope that our donations will help restore health and wellness to this
devastated region."

As soon as news was received of the widespread destruction wrought by
the tsunamis, Bayer mounted relief efforts by donating products to treat
disease and prevent epidemics in response to the specific requirements
of international relief organizations.

For example, Bayer HealthCare is sending antibiotics, pain relievers and
cardiovascular drugs to treat people in the stricken areas, and Bayer
CropScience is supplying products to combat the insects that spread
diarrheal infections, malaria and other hemorrhagic fevers.

Bayer also will join in the efforts of providing long-term assistance
with reconstruction work in the affected regions. Specific projects will
be discussed and coordinated with its companies in the region in the
coming months.

Bayer companies employ some 5,700 people in India, Indonesia and
Thailand, which are among the most severely affected countries. They,
too, are helping by donating money, technical assistance and clothing,
and by assisting directly with relief operations in the devastated
areas. Bayer's global relief plans will continue to evolve as the needs
of the affected areas are determined.

Bayer Corporation, headquartered in Pittsburgh, is part of the worldwide
Bayer Group, an international health care, nutrition and innovative
materials group based in Leverkusen, Germany. Bayer employs 23,300 in
North America with net North American sales of 8.8 billion euros in
2003. Bayer's three operating business areas -- HealthCare, CropScience
and MaterialScience, improve people's lives through a broad range of
essential products that help diagnose and treat diseases, protect crops
and advance automobile safety and durability.

Forward-Looking Statements

This news release contains forward-looking statements based on current
assumptions and forecasts made by Bayer Group management. Various known
and unknown risks, uncertainties and other factors could lead to
material differences between the actual future results, financial
situation, development or performance of the company and the estimates
given here. These factors include those discussed in our public reports
filed with the Frankfurt Stock Exchange and with the U.S. Securities and
Exchange Commission (including our Form 20-F). The company assumes no
liability whatsoever to update these forward-looking statements or to
conform them to future events or developments.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Bayer Corporation
    Kit Newton, 412-777-5200