Obligation Evonik Group 1.875% ( XS0911405784 ) en EUR

Evonik Group

100 % ▲

Allemagne

XS0911405784 ( en EUR )

1.875% par an ( paiement annuel )

08/04/2020 - Obligation échue

Prospectus brochure de l'obligation Evonik Industries XS0911405784 en EUR 1.875%, échue

1 000 EUR

500 000 000 EUR

Evonik Industries est une société allemande multinationale spécialisée dans la chimie spécialisée, produisant des matériaux de haute performance, des produits chimiques intermédiaires et des solutions nutritionnelles pour divers secteurs.

L'Obligation émise par Evonik Group ( Allemagne ) , en EUR, avec le code ISIN XS0911405784, paye un coupon de 1.875% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 08/04/2020

Debt Issuance Programme Prospectus dated 6 February 2013
This document constitutes two base prospectuses for the purposes of article 5.4 of Directive 2003/71/EC of the European
Parliament and of the Council of 4 November 2003, as amended by Directive 2010/73/EU of the European Parliament and of
the Council of 24 November 2010 (the "Prospectus Directive"): (i) the base prospectus of Evonik Industries AG in respect of
non-equity securities within the meaning of Art. 22 No. 6 (4) of the Commission Regulation (EC) No. 809/2004 of 29 April 2004
("Non-Equity Securities") and (ii) the base prospectus of Evonik Finance B.V. in respect of Non-Equity Securities (together,
the "Debt Issuance Programme Prospectus" or the "Prospectus").

EVONIK INDUSTRIES AG
(Essen, Federal Republic of Germany)
as Issuer and, in respect of notes (the "Notes") issued by
Evonik Finance B.V., as Guarantor
Evonik Finance B.V.
(Amsterdam, The Netherlands)
as Issuer
EUR 3,000,000,000
Debt Issuance Programme
(the "Programme")
The payments of all amounts due in respect of Notes issued by Evonik Finance B.V. wil be unconditionally and irrevocably
guaranteed by Evonik Industries AG.
Application has been made to the Commission de Surveil ance du Secteur Financier (the "CSSF") of the Grand Duchy of
Luxembourg in its capacity as competent authority under the Luxembourg act relating to prospectuses for securities (Loi
relative aux prospectus pour valeurs mobilières), which implements the Prospectus Directive into Luxembourg law, for its
approval of this Prospectus for any public offers of Notes under this Programme, inter alia, in the Grand Duchy of Luxembourg.
By approving a prospectus, the CSSF shall give no undertaking as to the economic and financial soundness of the operation or
the quality or solvency of the issuer.
Application has been made to the Luxembourg Stock Exchange to list Notes issued under the Programme on the official list of
the Luxembourg Stock Exchange and to admit Notes to trading on the Euro MTF operated by the Luxembourg Stock
Exchange. The Luxembourg Stock Exchange's Euro MTF is a multilateral trading facility for the purposes of Directive
2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments and, therefore,
not a EU-regulated market. Notes issued under the Programme may also not be listed at all.
Each Issuer has requested the CSSF in its capacity as competent authority to provide the competent authorities in the Republic
of Austria, the Federal Republic of Germany, the United Kingdom of Great Britain and Northern Ireland and The Netherlands
with a certificate of approval attesting that the Prospectus has been drawn up in accordance with the Loi relative aux
prospectus pour valeurs mobilières ("Notification").
The Notes wil be offered to the public in the Grand Duchy of Luxembourg and/or the Republic of Austria and/or the Federal
Republic of Germany and/or the United Kingdom of Great Britain and Northern Ireland and/or The Netherlands and/or any other
jurisdiction into which the Prospectus has been passported in accordance with the respective legal requirements. In order to be
able to conduct a public offer of Notes in other jurisdictions, each Issuer may request the CSSF to provide competent
authorities in additional Member States within the European Economic Area with a Notification.

Arranger

Commerzbank

Dealers

Banco Bilbao Vizcaya Argentaria, S.A.
Banca IMI
Barclays
BayernLB
BNP Paribas
BofA Merrill Lynch
Citigroup
Commerzbank
Crédit Agricole CIB
Credit Suisse
Deutsche Bank
DZ BANK AG
Goldman Sachs International
HSBC
J.P. Morgan
Landesbank Baden-Württemberg
Helaba
Mitsubishi UFJ Securities
Mizuho Securities
Morgan Stanley
SEB
Société Générale Corporate &
Investment Banking
Standard Chartered Bank
The Royal Bank of Scotland

UniCredit Bank
WGZ BANK

This Prospectus wil be published in electronic form on the website of the Luxembourg Stock Exchange (www.bourse.lu) and on
the website of Evonik Group (www.evonik.com). This Prospectus is valid for a period of twelve months after its approval.

1

RESPONSIBILITY STATEMENT
Evonik Industries AG ("Evonik" or the "Guarantor", together with its consolidated subsidiaries,
"Evonik Group") with its registered office in Essen, Federal Republic of Germany and Evonik Finance
B.V. ("Evonik Finance") with its registered office in Amsterdam, The Netherlands (herein each also
called an "Issuer" and, together, the "Issuers") accept responsibility for the information given in this
Prospectus and for the information which will be contained in the Final Terms (as defined herein).
Each Issuer hereby declares that, having taken all reasonable care to ensure that such is the case,
the information contained in this Prospectus for which it is responsible is, to the best of its knowledge,
in accordance with the facts and contains no omission likely to affect its import.
CONSENT TO THE USE OF THE PROSPECTUS
With respect to Article 3 (2) of the Prospectus Directive, the relevant Issuer may consent, to the extent
and under the conditions, if any, indicated in the relevant Final Terms, to the use of the Prospectus for
a certain period of time or as long as the Prospectus is valid in accordance with Article 11 of the
Luxembourg act relating to prospectuses for securities (Loi relative aux prospectus pour valeurs
mobilières) which implements the Prospectus Directive and accepts responsibility for the content of
the Prospectus also with respect to subsequent resale or final placement of Notes by any financial
intermediary which was given consent to use the prospectus, if any. For further information, please
refer below to the section of this Prospectus entitled "General Information" and the relevant Final
Terms.
NOTICE
This Prospectus should be read and understood in conjunction with any supplement hereto and with
any other documents incorporated herein by reference. Full information on the Issuers and any
tranche of Notes is only available on the basis of the combination of the Prospectus and the relevant
Final Terms (as defined herein).
Before investing in the Notes, prospective investors should consider al information provided in this
Prospectus and consult with their own professional advisers (including their financial, accounting,
legal and tax advisers) if they consider it necessary.
Each Issuer has confirmed to the Dealers (as defined herein) that this Prospectus contains al
information which is necessary to enable investors to make an informed assessment of the assets
and liabilities, financial position, profit and losses and prospects of the Issuers and the rights attaching
to the Notes which is material in the context of the Programme; that the information contained herein
with respect to the Issuers and the Notes is accurate and complete in all material respects and is not
misleading; that any opinions and intentions expressed herein are honestly held and based on
reasonable assumptions; that there are no other facts with respect to the Issuers or the Notes, the
omission of which would make this Prospectus as a whole or any of such information or the
expression of any such opinions or intentions misleading; that the Issuers have made all reasonable
enquiries to ascertain all facts material for the purposes aforesaid.
Each Issuer and the Guarantor has undertaken with the Dealers (i) to supplement this Prospectus or
to publish a new Prospectus in the event of any significant new factor, material mistake or inaccuracy
relating to the information included in this Prospectus in respect of Notes issued on the basis of this
Prospectus which is capable of affecting the assessment of the Notes and which arises or is noted
between the time when this Prospectus has been approved and the final closing of any tranche of
Notes offered to the public or, as the case may be, when trading (if any) of any tranche of Notes on a
regulated market begins, and (ii) where approval of the CSSF of any such document is required, to
have such document approved by the CSSF.
No person has been authorised to give any information which is not contained in or not consistent
with this Prospectus or any other document entered into in relation to the Programme or any
information supplied by any Issuer or any other information in the public domain and, if given or made,
such information must not be relied upon as having been authorised by the Issuers, the Dealers or
any of them.
Neither the Arranger (as defined herein) nor any Dealer nor any other person mentioned in this
Prospectus, excluding the Issuers and the Guarantor, is responsible for the information contained in

2

this Prospectus or any supplement hereto, or any Final Terms or any document incorporated herein
by reference, and accordingly, and to the extent permitted by the laws of any relevant jurisdiction,
none of these persons accepts any responsibility for the accuracy and completeness of the
information contained in any of these documents. This Prospectus is valid for 12 months after its
approval and this Prospectus and any supplement hereto as well as any Final Terms reflect the status
as of their respective dates of issue. The delivery of this Prospectus or any Final Terms and the
offering, sale or delivery of any Notes may not be taken as an implication that the information
contained in such documents is accurate and complete subsequent to their respective dates of issue
or that there has been no adverse change in the financial situation of the Issuers since such date or
that any other information supplied in connection with the Programme is accurate at any time
subsequent to the date on which it is supplied or, if different, the date indicated in the document
containing the same.
The distribution of this Prospectus and any Final Terms and the offering, sale and delivery of Notes in
certain jurisdictions may be restricted by law. Persons into whose possession this Prospectus or any
Final Terms come are required to inform themselves about and observe any such restrictions. For a
description of the restrictions applicable in the United States of America, the European Economic
Area in general, the United Kingdom of Great Britain and Northern Ireland, Switzerland, Japan, the
Commonwealth of Australia, the People's Republic of China, Hong Kong, Taiwan and Singapore see
section "Selling Restrictions". In particular, the Notes and the Guarantee have not been and will not
be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and
the Notes and the Guarantee are subject to tax law requirements of the United States of America.
Subject to certain exceptions, the Notes and the Guarantee may not be offered, sold or delivered
within the United States of America or to U.S. persons.
The language of this Prospectus is English. The German versions of the English language sets of the
Terms and Conditions and the Guarantee are shown in the Prospectus for additional information. As
to form and content, and all rights and obligations of the Holders and the Issuer under the Notes to be
issued, German is the controlling legally binding language if so specified in the relevant Final Terms.
In respect of the Guarantee, the German language version is always controlling and legal y binding as
to form and content, and all rights and obligations of the Holders and the Guarantor thereunder.
This Prospectus may only be used for the purpose for which it has been published.
This Prospectus and any Final Terms may not be used for the purpose of an offer or
solicitation by anyone in any jurisdiction in which such offer or solicitation is not authorised
or to any person to whom it is unlawful to make such an offer or solicitation.
This Prospectus and any Final Terms do not constitute an offer or an invitation to subscribe
for or purchase any Notes.
In connection with the issue of any tranche of Notes under the Programme, the Dealer or
Dealers (if any) named as stabilising manager(s) in the applicable Final Terms (or persons
acting on behalf of a stabilising manager) may over-allot Notes or effect transactions with a
view to supporting the price of the Notes at a level higher than that which might otherwise
prevail. However, there is no assurance that such stabilising manager(s) (or persons acting on
behalf of a stabilising manager) will undertake stabilisation action. Any stabilisation action
may begin at any time after the adequate public disclosure of the terms of the offer of the
relevant tranche of the Notes and, if begun, may be ended at any time, but it must end no later
than the earlier of 30 days after the Issue Date of the relevant tranche of Notes and 60 days
after the date of the allotment of the relevant tranche of Notes. Any stabilisation action or over-
allotment must be conducted by the relevant stabilising manager(s) (or person(s) acting on
behalf of any stabilising manager(s)) in accordance with all applicable laws and rules.
FORWARD-LOOKING STATEMENTS
This Prospectus contains certain forward-looking statements. A forward-looking statement is a
statement that does not relate to historical facts and events. They are based on analyses or forecasts
of future results and estimates of amounts not yet determinable or foreseeable. These forward-looking
statements are identified by the use of terms and phrases such as "anticipate", "believe", "could",
"estimate", "expect", "intend", "may", "plan", "predict", "project", "will" and similar terms and phrases,
including references and assumptions. This applies, in particular, to statements in this Prospectus

3

containing information on future earning capacity, plans and expectations regarding Evonik Group's
business and management, its growth and profitability, and general economic and regulatory
conditions and other factors that affect it.
Forward-looking statements in this Prospectus are based on current estimates and assumptions that
the Issuers make to the best of their present knowledge. These forward-looking statements are
subject to risks, uncertainties and other factors which could cause actual results, including Evonik
Group's financial condition and results of operations, to differ materially from and be worse than
results that have expressly or implicitly been assumed or described in these forward-looking
statements. Evonik Group's business is also subject to a number of risks and uncertainties that could
cause a forward-looking statement, estimate or prediction in this Prospectus to become inaccurate.
Accordingly, investors are strongly advised to read the following sections of this Prospectus: "Risk
Factors", "Evonik Industries AG as Issuer and Guarantor" and "Evonik Finance B.V. as Issuer". These
sections include more detailed descriptions of factors that might have an impact on Evonik Group's
business and the markets in which it operates.
In light of these risks, uncertainties and assumptions, future events described in this Prospectus may
not occur. In addition, neither the Issuers nor the Dealers assume any obligation, except as required
by law, to update any forward-looking statement or to conform these forward-looking statements to
actual events or developments.
Without prejudice to the issuance of Notes in other currencies, in this Prospectus, all references to "",
"EUR" or "Euro" are to the single currency which was introduced on 1 January 1999 with the start of
the third stage of European Economic and Monetary Union, references to "CHF" are to the currency of
Switzerland, references to "SEK" are to the currency of the Kingdom of Sweden, references to "NOK"
are to the currency of the Kingdom of Norway, references to "CNY" are to the currency of the People's
Republic of China, references to "USD" are to the currency of the United States of America,
references to "AUD" are to the currency of the Commonwealth of Australia, references to "CAD" are to
the currency of Canada, references to "GBP" are to the currency of the United Kingdom of Great
Britain and Northern Ireland and references to "Yen" are to the currency of Japan.

4
TABLE OF CONTENTS

Page
Summary ................................................................................................................................................. 6
Section A Introduction and Warnings ............................................................................................... 6
Section B Evonik Industries AG as Issuer and Guarantor................................................................ 7
Section B Evonik Finance Europe B.V. as Issuer ............................................................................ 9
Section C The Notes ...................................................................................................................... 11
Section D Risks specific to Evonik Industries AG .......................................................................... 17
Section D Risks specific to Evonik Finance B.V. ............................................................................ 19
Section D Risks specific to the Notes ............................................................................................. 19
Section E Offer of the Notes ........................................................................................................... 21
German Translation of the Summary .................................................................................................... 22
Abschnitt A Einleitung und Warnhinweise ...................................................................................... 22
Abschnitt B Evonik Industries AG als Emittentin und Garantin ...................................................... 23
Abschnitt B Evonik Finance B.V. als Emittentin ............................................................................. 26
Abschnitt C Die Schuldverschreibungen ........................................................................................ 28
Abschnitt D Risiken, die Evonik Industries AG eigen sind ............................................................. 35
Abschnitt D Risiken, die Evonik Finance B.V. eigen sind............................................................... 37
Abschnitt D Risiken, die den Schuldverschreibungen eigen sind .................................................. 37
Abschnitt E Angebot von Schuldverschreibungen ......................................................................... 40
Risk Factors .......................................................................................................................................... 41
Risk Factors regarding EVONIK INDUSTRIES AG and EVONIK GROUP.................................... 41
Risk Factors regarding EVONIK FINANCE B.V. ............................................................................ 49
Risk Factors regarding the Notes .................................................................................................. 49
General Description of the Programme ................................................................................................ 58
General .......................................................................................................................................... 58
Issue Procedures ............................................................................................................................ 59
EVONIK INDUSTRIES AG as Issuer and Guarantor ........................................................................... 61
Business Overview Principal Activities and Principal Markets ........................................................... 71
EVONIK Finance B.V. as Issuer ........................................................................................................... 87
Terms and Conditions of the Notes (English Language Version) ......................................................... 90
OPTION I Terms and Conditions that apply to Notes with fixed interest rates .......................... 91
OPTION II Terms and Conditions that apply to Notes with floating interest rates ................... 110
OPTION III Terms and Conditions that apply to Zero Coupon Notes ....................................... 129
Terms and Conditions of the Notes (German Language Version) ..................................................... 146
OPTION I - Anleihebedingungen fur Schuldverschreibungen mit fester Verzinsung ................... 147
OPTION II - Anleihebedingungen fur Schuldverschreibungen mit variabler Verzinsung ............. 168
OPTION III - Anleihebedingungen fur Zero-Coupon-Schuldverschreibungen ............................. 190
Guarantee (German Language Version) ............................................................................................ 210
Guarantee (English Translation) ......................................................................................................... 214
Form of Final Terms ............................................................................................................................ 217
Description of Rules Regarding Resolutions of Holders ..................................................................... 234
Use of Proceeds .................................................................................................................................. 236
Taxation............................................................................................................................................... 237
Selling Restrictions .............................................................................................................................. 250
General Information ............................................................................................................................ 256
Interest of Natural and Legal Persons involved in the Issue/Offer ............................................... 256
Authorisation ................................................................................................................................. 256
Public Offer ................................................................................................................................... 256
Consent to the Use of the Prospectus .......................................................................................... 256
Listing and Admission to Trading ................................................................................................. 256
Clearing Systems.......................................................................................................................... 257

5
Documents on Display .................................................................................................................. 257
Documents Incorporated by Reference .............................................................................................. 259
Documents incorporated by Reference ........................................................................................ 259
Cross-reference list of Documents incorporated by Reference ................................................... 259
Availability of Incorporated Documents ....................................................................................... 260
Names and Addresses ........................................................................................................................ 261

6
SUMMARY
Summaries are made up of disclosure requirements known as "Elements". These Elements are
numbered in Sections A E (A.1 E.7).
This summary (the "Summary") contains all the Elements required to be included in a summary for
this type of Notes and Issuers. Because some Elements are not required to be addressed, there may
be gaps in the numbering sequence of the Elements.
Even though an Element may be required to be inserted in the Summary because of the type of Notes
and the relevant Issuer, it is possible that no relevant information can be given regarding the Element.
In this case, a short description of the Element is included in the Summary with the mention of "not
applicable".
The Summary contains options, characterised by square brackets (other than the respective
translations of specific legal terms), and placeholders regarding the Notes to be issued under the
Programme. The summary of the individual issue of Notes will include the options relevant to this
issue of Notes as determined by the applicable Final Terms and will contain the information, which
had been left blank, as completed by the applicable Final Terms.
Element
Section A Introduction and warnings
A.1
Warning that:
· this Summary should be read as an introduction to the Prospectus;
· any decision to invest in the Notes should be based on consideration of the
Prospectus as a whole by the investor;
· where a claim relating to the information contained in the Prospectus is brought
before a court, the plaintiff investor might, under the national legislation of the
Member States, have to bear the costs of translating the Prospectus, before the
legal proceedings are initiated; and
· civil liability attaches only to the Issuers which have tabled the Summary including
any translation thereof, but only if the Summary is misleading, inaccurate or
inconsistent when read together with the other parts of the Prospectus or it does not
provide, when read together with the other parts of the Prospectus, key information
in order to aid investors when considering whether to invest in the Notes.
A.2
Each of [] [and/or each of [] as financial intermediary] subsequently reselling or finally
placing the Notes in [] is entitled to use the Prospectus for the subsequent resale or final
placement of the Notes during the offer period for the subsequent resale or final
placement of the Notes from [] to [], provided however, that the Prospectus is stil valid
in accordance with Article 11 of the Luxembourg act relating to prospectuses for
securities (Loi relative aux prospectus pour valeurs mobilières) which implements
Directive 2003/71/EC of the European Parliament and of the Council of 4 November
2003 (as amended by Directive 2010/73/EU of the European Parliament and of the
Council of 24 November 2010).
The Prospectus may only be delivered to potential investors together with all
supplements published before such delivery. Any supplement to the Prospectus is
available for viewing in electronic form on the website of the Luxembourg Stock
Exchange (www.bourse.lu) and on the website of Evonik Group (www.evonik.com).
When using the Prospectus, each Dealer and/or relevant further financial intermediary
must make certain that it complies with al applicable laws and regulations in force in the
respective jurisdictions.

7
In the event of an offer being made by a Dealer and/or a further financial
intermediary, the Dealer and/or the further financial intermediary shall provide
information to investors on the terms and conditions of the Notes at the time of
that offer.

Element
Section B Evonik Industries AG as [Issuer] [Guarantor]
B.1
Legal and commercial name
Evonik Industries AG ("Evonik" and, together with its
consolidated subsidiaries, "Evonik Group").
B.2
Domicile / Legal form /
Evonik is incorporated under the laws of Germany in
Legislation / Country of
Essen, Germany as a joint stock corporation
incorporation
(Aktiengesel schaft, AG). Its registered office is located
at Rellinghauser Straße 1-11, 45128 Essen, Federal
Republic of Germany.
B.4b
Known trends affecting the
Development in the global economy generally affects
Issuer and the industries in
Evonik Group's sales and earnings and cyclicality may
which it operates
adversely affect operating margins. In addition,
significant variations in the cost and availability of raw
materials, energy, precursors and intermediates may
adversely affect Evonik Group's operating results.
Evonik Group operates in regulated industries and
changes in regulatory controls and associated
implementation of measures to comply with regulations
could negatively affect Evonik Group's earnings.
B.5
Description of the group and Evonik is a joint stock corporation (Aktiengesel schaft)
the Issuer's position within
incorporated and organised under the laws of Germany
the group
and the parent company of Evonik Group.
B.9
Profit forecast or estimate
Not applicable. No profit forecast or estimate are made.
B.10
Nature of any qualifications
Not applicable. The audit report does not include any
in the audit report on
qualifications.
historical financial
information
B.12
Selected historical key financial information

The following table shows selected consolidated financial information for Evonik Group
(prepared in accordance with IFRS):

1 January 2011 -
1 January 2010 -
31 December 2011
31 December 2010

million EUR
Sales
14,540
13,300
Earnings before interest, taxes,
2,768
2,365
depreciation, amortisation, write
downs and adjustments
(Adjusted EBITDA)
Earnings before interest, taxes
2,099
1,639
and adjustments (Adjusted
EBIT)
Net income
1,011
734
Cash flow from operating
1,309
2,075
activities

8

31 December 2011
31 December 2010

million EUR
Total assets
16,944
20,543
Total equity
6,074
5,969
Non-current liabilities
7,484
8,127
Current liabilities
3,386
6,447

1 January 2012 
1 January 2011 
30 September 2012
30 September 2011

million EUR
Sales
10,356
11,210
Earnings before interest, taxes,
2,097
2,246
depreciation, amortisation, write
downs and adjustments
(Adjusted EBITDA)
Earnings before interest, taxes
1,617
1,752
and adjustments (Adjusted
EBIT)
Net income
888
863
Cash flow from operating
994
793
activities

30 September 2012
30 September 2011

million EUR
Total assets
17,285
17,341
Total equity
6,573
6,074
Non-current liabilities
7,225
8,046
Current liabilities
3,487
3,401

Trend information
There has been no material adverse change in the prospects of Evonik since
31 December 2011. No developments are currently foreseen that are reasonably likely to
have a material effect on Evonik's prospects.

Significant change in the financial and trading position
There has been no significant change in the financial or trading position of Evonik since
30 September 2012.
B.13
Recent developments
Not applicable. There are no recent developments
particular to Evonik which are to a material extent
relevant to Evonik's solvency.
B.14.
Statement of dependency
Not applicable. Evonik is not dependent upon other
upon other entities within
entities within Evonik Group.
the group
B.15
Principal activities
Evonik conducts business in the area of chemicals
within Germany and abroad, as well as in related areas,
including rendering of services related thereto.
Moreover and, at least at present, Evonik conducts, via
investment companies, business in the areas of energy
and real estate.
B.16
Major shareholders
Evonik's current direct shareholders are RAG-Stiftung,
Essen, Germany (74.99%) and Gabriel Acquisitions
GmbH, Gadebusch, Germany (25.01%). Gabriel
Acquisitions GmbH is an indirect subsidiary of funds

9
advised by CVC Capital Partners SICAV-FIS S.A.,
Luxembourg, and its direct and indirect subsidiaries.
B.17
Credit ratings of the Issuer
Standard & Poor's Credit Market Services Europe
or its debt securities
Limited ("Standard & Poor's")1,3 has assigned the
long-term credit rating BBB+4 (outlook stable) and
Moody's Investors Service Ltd. ("Moody's")2,3 has
assigned an Baa34 rating (outlook positive) to Evonik.
[B.18
Nature and scope of the
Notes issued by Evonik Finance will have the benefit of
Guarantee
a guarantee (the "Guarantee") for the payment of
principal and interest on the Notes given by Evonik
(the "Guarantor"). The Guarantee constitutes an
irrevocable, unsecured and unsubordinated obligation
of the Guarantor ranking pari passu with all other
unsecured and unsubordinated obligations of the
Guarantor. The terms of the Guarantee also contain a
negative pledge of the Guarantor. The Guarantee is
governed by German law. The Guarantee constitutes a
contract for the benefit of the holders of the Notes (the
"Holders") from time to time as third party beneficiaries
pursuant to § 328 paragraph 1 German Civil Code
(Bürgerliches Gesetzbuch BGB).
B.19
Summary information about
Please see B.1 to B.18]
the Guarantor

[Element
Section B Evonik Finance B.V. as Issuer
B.1
Legal and commercial Name Evonik Finance B.V. ("Evonik Finance").
B.2
Domicile / Legal form /
Evonik Finance is incorporated under the laws of The
Legislation / Country of
Netherlands as a Dutch private company with limited
incorporation
liability (besloten
vennootschap
met beperkte
aansprakelijkheid). The company has its corporate seat
in Amsterdam, The Netherlands. Its registered office is:
Hettenheuvelweg
37/39,
1101 BM
Amsterdam
Zuidoost, The Netherlands.

1 Standard & Poor's is established in the European Community and is registered under Regulation (EC)
No. 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating
agencies, amended by Regulation (EC) No. 513/2011 of the European Parliament and of the Council of
11 March 2011 (the "CRA Regulation").
2 Moody's is established in the European Community and is registered under Regulation (EC) No. 1060/2009
of the European Parliament and of the Council of 16 September 2009 on credit rating agencies, amended by
Regulation (EC) No. 513/2011 of the European Parliament and of the Council of 11 March 2011 (the
"CRA Regulation").
3 The European Securities and Markets Authority publishes on its website (www.esma.europa.eu) a list of
credit rating agencies registered in accordance with the CRA Regulation. That list is updated within five
working days following the adoption of a decision under Article 16, 17 or 20 CRA Regulation. The European
Commission shall publish that updated list in the Official Journal of the European Union within 30 days
following such update.
4 A credit rating assesses the creditworthiness of an entity and informs an investor therefore about the
probability of the entity being able to redeem invested capital. It is not a recommendation to buy, sell or hold
securities and may be revised or withdrawn by the rating agency at any time.