Analyst Consensus Forecast

	Third Quarter 2008*
	Consensus	Median
Sales	2066	2069
Gross Profit	603	603
Margin %	29.2%	29.1%
EBITDA before exceptionals	179	186
Margin %	8.7%	9.0%
Operating Income before exceptionals	119	120
Margin %	5.8%	5.8%
Operating Income	56	55
Net income from continuing operations	22	19
Net result	14	13

	Full Year 2008*
	Consensus	Median
Sales	8349	8345
Gross Profit	2456	2469
Margin %	29.4%	29.6%
EBITDA before exceptionals	798	801
Margin %	9.6%	9.6%
Operating Income before exceptionals	536	543
Margin %	6.4%	6.5%
Operating Income	359	350
Net income from continuing operations	121	119
Net result	116	114

* Estimates compiled by the independent "Vara Research" company. Average sample size from 12 analysts.

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Disclaimer: Consensus earnings estimates are based on earnings projections made by equity analysts who cover Clariant. Any opinions, forecasts, estimates, projections or predictions regarding Clariant’s performance made by the analysts (and, therefore, the Consensus estimate numbers) are theirs alone and do not represent the opinions, forecasts, estimates, projections or predictions of Clariant or its management. Clariant does not by providing these estimates imply its endorsement of or concurrence with such information, conclusions or recommendations. Clariant assumes no liability for the accuracy of such estimates and undertakes no obligation to update or revise such estimates.