The supervisory board of the globally operating lubricant producer FUCHS PETROLUB AG in Mannheim, Germany, will be proposing to the AGM on 5 June 2003 that Professor Dr. Jürgen Strube be elected to the supervisory board as a representative of the shareholders for the remaining term in office of Dr. Bernd Müller-Berghoff, who will be stepping down from his post as Chairman of the Supervisory Board at the end of the AGM, for age reasons. Professor Strube is Chairman of the Board of Executive Directors of BASF AG.
The executive and supervisory boards will also be proposing to the AGM a resolution on a capital increase from corporate funds without issuing new shares, and a subsequent re-apportionment of the nominal capital by a stock split in a ratio of 3 to 1. In the company's estimation, the stock split will increase the attractiveness of FUCHS PETROLUB's shares, particularly for private investors. As a consequence of the measure proposed, each of our company's ordinary and preference shareholders would then receive, instead of one non-par value share representing a value of € 26, three shares corresponding to a calculated value of € 9 each.
Mannheim, 23 April 2003
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
D-68169 Mannheim
Tel.: +49 (0) 621 3802-104
The press release is also available on the internet under www.fuchs-oil.de.