Spring Investor Conference 2002

March 15, 2002, Leverkusen

Investor News March 13, 2002
Good progress with Group reorganization
Bayer expects much higher net income in 2002
2001 figures: gratifying improvement in operating cash flow, but sales and
earnings diminished by setbacks in pharmaceuticals and economic weakness

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Werner Wenning
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Dr. Frank Morich
Member of the Board
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