Symrise IPO: offering volume up to EUR 1.4 bn

(Holzminden/Frankfurt) Symrise AG, one of the world's leading suppliers of fragrances and flavors, has specified further details of the planned IPO in consultation with the selling shareholders and the Joint Bookrunners. The offer consists of a total of up to 81.0 million shares. The price range is EUR 15.75 to EUR 17.75 per share. This means that the offering volume is up to EUR 1.4 billion.

The offer period will start on December 1, 2006 and is expected to end on December 8, 2006. A total of up to 81.0 million shares will be offered in a public offering in Germany and Switzerland and to institutional investors in other countries in an international private placement. Up to 37.8 million of these shares are from a capital increase, up to 32.7 million shares are from the holdings of the selling shareholders (the EQT III fund, certain co-investors, Gerberding Vermögensverwaltung and Braunschweig GmbH) and up to 10.6 million shares are from the holdings of the selling shareholders to cover a potential over-allotment.

On the basis of the price range of EUR 15.75 to EUR 17.75 and including the potential over-allotment, the offering volume will be between EUR 1.28 billion and EUR 1.44 billion. On the basis of the price range, the market capitalization after the capital increase could be between EUR 1.86 billion and EUR 2.10 billion. Symrise AG will receive gross issue proceeds of approximately EUR 595 million to EUR 671 million from the capital increase. Symrise AG intends to use the proceeds it will receive to continue to improve its financing structure, and thus generate additional leverage for growth.

The final price is expected to be determined and published on December 9 or 10, 2006. Trading on the official market (Prime Standard) of the Frankfurt Stock Exchange is expected to begin on December 11, 2006. The company would like to establish a broad free float of its shares and will be focussing on private investors as well.

Including a potential over-allotment, the free float is expected to be up to 69 % following the IPO.

About Symrise:
Symrise AG is one of the world's leading suppliers of fragrances and flavourings and has roots that go back to 1874. Our products are essential features of everyday life today. They are used by perfume, cosmetics and food manufacturers. We focus on the development of innovative trend and lifestyle products with a specific additional benefit for the consumer. They include flavourings in which advantage is taken of modern technologies to reduce the sugar, salt and fat content of food considerably. Thanks to the use of selected active substances from Symrise, cosmetic products can be manufactured without any preservatives in future.

Press inquiries:
Kirchhoff Consult AG
Division Manager
Dr Kay Baden
Tel. +49 40 60 91 86 50

Disclaimer
These materials are not an offer of securities for sale in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the Securities Act), and may not be offered or sold in the United States absent registration or pursuant to an available exemption from registration under the Securities Act. Any public offering of securities of Symrise AG to be made in the United States would have to be made by means of a prospectus that could be obtained from Symrise AG and that would contain detailed information about the company and management, as well as financial statements. Neither Symrise AG nor EQT III fund intends to register any securities referred to herein in the United States.