Agreement between Bayer and Schering in force

Resolution of Schering Extraordinary Stockholders' Meeting implemented

02-Nov-2006

Following the consent of the Extraordinary Stockholders' Meeting of Schering AG on September 13, 2006 to the domination and profit and loss transfer agreement with Bayer subsidiary Dritte BV GmbH, the agreement became effective on October 27, 2006 through its entry in the commercial register. An important condition for Schering's complete integration into the Bayer Group has thus been met.

Details of the cash compensation to be offered to Schering's outside stockholders under the agreement are to be announced shortly.

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