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Annual press conference 2019 WINTERSHALL WITH RECORD PRODUCTION

Wintershall is looking back in 2019 not only on 125 years of company history, but also on a successful past business year. "In 2018 we set a production record with daily production of up to 500,000 barrels of oil equivalent (BOE). With a crude oil and natural gas production of 171 million BOE in 2018, Wintershall has once again significantly surpassed the record figure – 164 million BOE – from the previous year," explains CEO Mario Mehren. Wintershall also increased its reserves by 12 percent to 1.9 billion BOE – a record figure, too. Despite the continued challenging market environment in 2018, Wintershall increased its income from operations before special items (EBIT) by 155 percent, from 683 million euros in 2017 to 1,745 million euros. This was primarily due to higher gas and oil prices and higher production volumes in Norway and Russia. EBIT increased by 798 million euros to 1,733 million euros. This is a plus of 85 percent. BASF's net income after taxes increased by 69 million­ euros (plus 9 percent) to 829 million euros (2017: 760 million euros). Wintershall CEO Mario Mehren: "However, we're not resting on our laurels, but are actively shaping our future in our anniversary year and are writing the next chapter in the company's history: Wintershall DEA will be the largest independent European gas and oil company – a European champion in the best sense of the word."

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