Our Financial Performance

Commitment to Value Creation through Innovation secures future growth

Key Figures and Ratios		4Q	4Q	1-4Q	1-4Q
(Quarter ending December 31, 2008)		2008	2007	2008	2007
Sales Revenue	EUR M	1,346	1,610	6,697	6,350
Operating profit / (loss)	EUR M	(199)	28	163	451
Net profit / (loss) after tax	EUR M	(122)	58	239	533
Reduction / (increase) in net interest-bearing debt	EUR M	93	64	(453)	(7)
Gearing	%			47	27
ROCE after tax	%			9	22

Despite worsening market conditions, Borealis achieves net profit of EUR 239 million for 2008
Positive contribution of Borouge and plant nutrients business to results
Company moves forward with its strategic investments in Europe, the Middle East and Asia

Borealis, a leading provider of innovative, value creating plastics solutions, completes 2008 with a net profit of EUR 239 million, down 55% from the record profit of 2007.

The return on capital employed (ROCE) after tax was 9% this year, down from 22% the year before. Net interest-bearing debt increased by EUR 453 million during 2008, driven largely by Borealis’ ongoing growth investments. The gearing ratio increased from 27% in 2007 to 47% at year-end 2008.

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Financial Sheets 2008