JIM CHRISE NAMED PRESIDENT AND CEO OF BAYER POLYMERS' DEERFIELD URETHANE, INC. SUBSIDIARY

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JIM CHRISE NAMED PRESIDENT AND CEO OF BAYER POLYMERS' DEERFIELD URETHANE, INC. SUBSIDIARY
02 July 2003 - Bayer MaterialScience AG

Bayer Polymers LLC named Jim Chrise president and CEO of Deerfield Urethane, Inc. Deerfield Urethane, a subsidiary of Bayer Polymers, is one of the country's leading manufacturers of thermoplastic polyurethane film.

Chrise will succeed Richard Baxendell, who has served as president and CEO for the past four years. Baxendell will now assume the role as head of Bayer Polymers' Polycarbonate Film Business in the Americas region.

Chrise joined Bayer Corporation in 1984 as a process engineer in corporate engineering at the company's Pittsburgh, Pa., site. He has held positions of increasing responsibility in corporate engineering, plant engineering, coatings raw material, and plastics manufacturing both in the United States and at Bayer AG, Bayer Polymers' parent company in Leverkusen, Germany. Prior to being named president and CEO of Deerfield Urethane, Chrise was in Germany and responsible for global production and technology for ABS andPC/ABSmanufacturing.

Deerfield Urethane's diverse product lines and capabilities make it the leading supplier to a vast number of markets and industries. Its thermoplastic polyurethane products are sold under the Dureflex trade name and the company offers a variety of grades to meet various application requirements.

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About: Bayer MaterialScience AG
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.

Bayer MaterialScience AG is one of the world's largest producers of polymers and high-performance plastics. The main customers for Its innovative developments in coatings, adhesives, insulating materials and sealants, polycarbonates and polyurethanes are the automotive and construction industries, the electrical/electronics segment and manufacturers of sports and leisure goods, packaging, and medical devices.

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