Benefits, built on each other. The BASF resins and additives portfolio for printing and packaging

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1 Benefits, built on each other The BASF resins and additives portfolio for printing and packaging

2 2 Benefits, built on each other Table of content Water-based systems 4-15 Joncryl film-forming s 4-9 Joncryl non-film-forming s Joncryl colloidals Joncryl solid resins and solutions, crosslinking agents and Joncryl Wax Energy-curable systems Laromer resins and functional monomers Irgacure and Darocur photoinitiators Pigment dispersion Joncryl HPD, solution resins, hard resins Laromer and Laropal Solvent-based systems for ink applications 30-31

3 Benefits, built on each other 3 BASF, your supplier of choice As the world s leading chemical company, BASF is committed to you, our customers, by providing a broad technology portfolio of resins and additives with unique performance attributes. We work closely and in partnership with our customers and value chain contacts in order to make customized innovative developments. At BASF, we want to be your supplier of choice for the printing and packaging industry. Helping ensure sustainable development Sustainability means for us the combination of economic success with environmental protection and social responsibility, contributing to a future for generations to come. Our goal is to design products that help the industry conserve the environment without compromising performance and cost efficiency. We offer high-quality technologies that make the conversion to solvent-free technologies a realistic option. Broad technology portfolio We focus on your needs and offer you an extensive technology base. Our cross-functional teams have great expertise in chemistry for resins and additives. We recognize and understand the performance challenges you face with your customers, such as product quality and consistency, resistance and resolubility, grinding efficiency and color strength, low VOC and food-contact compliance. That is why we develop innovative solutions that address a multitude of these performance attributes. Our product lines contribute to the quality and value of the printing and packaging industry. Customer focus and service capabilities BASF opens up potential for success together with its partners. We work intensively with our customers; providing consultative guidance with the selection and application of the products and to develop new or improve existing ones. Our team of experts is eager to assist with: formulation support global R&D platform and manufacturing network regulatory support (food-contact and REACH expertise) market knowledge Sustainability, performance and cost efficiency all in one package? At BASF, we create chemistry.

4 4 Benefits, built on each other Water-based systems Joncryl film-forming s Product Description Key properties Joncryl acrylic RC s Joncryl 74 Joncryl 77 Joncryl 535 Joncryl 544 Joncryl 1665 Joncryl 1685 Joncryl 8050 acrylic for use in water-based inks and overprint varnishes ammonia-free acrylic for use in water-based tissue inks providing excellent bleeding resistance self-crosslinking acrylic for use in water-based tissue inks providing excellent bleeding resistance acrylic for use in heat- and water-resistant water-based inks and overprint varnishes acrylic for use in heat-resistant water-based inks and overprint varnishes acrylic for use in water-based grease-resistant inks and overprint varnishes good water and grease resistance, excellent gloss and transparency, good adhesion good resolubility, excellent printability, excellent gloss and transparency, good block resistance excellent bleeding resistance (EN646), good printability and resolubility, good washability, low ammonia odor, food-contact approval excellent bleeding resistance, good washability excellent heat resistance, good wet rub resistance, excellent adhesion on foil and HDPE, LDPE, OPP fi lm substrates excellent heat resistance, good gloss and clarity excellent grease-resistant, excellent fi lm clarity, excellent resolubility, good adhesion to non-absorbing substrates Joncryl 8052 acrylic for water-based inks on paper, fi lm and foil substrates good adhesion, good water resistance, good printability Joncryl 617 Joncryl 660 Joncryl 2178 Joncryl 2647 styrene-acrylic for use in water-based overprint varnishes acrylic for use in water-based pre-print overprint varnishes styrene-acrylic for use in block-resistant water-based inks and overprint varnishes acrylic for water-based inks used on fi lm substrates good fi lm-forming properties, economical, good gloss and transparency excellent hot mar resistance, good rub resistance, good gloss and tranparency excellent dry and wet block resistance, high coeffi cient of friction, glycol-ether-free, excellent resolubility, good printability excellent adhesion on HDPE, LDPE and OPP fi lm substrates, good fi lm wetting, fast drying, good wet rub and wet crinckle resistance

5 Benefits, built on each other 5 Non-volatile (%) Appearance ph (25 C) Viscosity [mpa s, 25 C] Molecular weight (Mw) Acid value (on solids) Tg ( C) Min. film-forming temp. ( C) translucent > 200, > 200, < 50 > 200, < white > 200, < > 200, < > 200, < > 200, < ,250 > 200, < opaque > 200, > 200, < > 200, < 5

6 6 Benefits, built on each other Water-based systems Joncryl film-forming s Product Description Key properties Joncryl acrylic RC s Joncryl 1630 Joncryl 1674 Joncryl 2651 Joncryl HSL 9010 Joncryl HSL 9012 Joncryl HSL 9022 Joncryl ECO range Joncryl ECO 2117 Joncryl ECO 2124 Joncryl ECO 2177 acrylic co-polymer for use in water-based low COBB and good MVTR coatings on paper-based materials acrylic polymer for use in water-based inks and overprint varnishes providing water resistance, grease resistance, fi lm-forming properties and building block to formulate heat-seal coatings acrylic for water-based inks on paper, fi lm and foil substrates acrylic co-polymer for use in water-based heat-seal lacquers for cardboard blisters and fl exible packaging acrylic co-polymer for heat-seal lacquers on pharmaceutical blister lidding foil sealed against PVC, PVDC coated PVC and PET acrylic co-polymer for heat-resistant pre-print primers on pharmaceutical blister lidding foil with good UV-printability glycol-ether-free styrene-acrylic for use in water-based inks and overprint varnishes glycol-ether-free acrylic for use in water-based inks for fi lm substrates glycol-ether-free acrylic for use in water-based inks and overprint varnishes water-based, low COBB value, good MVTR barrier water and grease resistance, good gloss, low foaming excellent adhesion and leveling on fi lm substrates, excellent gloss, excellent transfer, good water resistance, good resolubility water-based, economical, low sealing temperature, good blocking resistance water-based, economical, low-odor (low-retained solvent) water-based, economical, good adhesion ultra-low VOC, glycol-ether-free, excellent resolubility, excellent printability, excellent viscosity stability, good compatibility ultra-low VOC, glycol-ether-free, excellent resolubility, excellent printability, excellent viscosity stability, good compatibility ultra-low VOC, glycol-ether-free, excellent resolubility, excellent printability, excellent viscosity stability

7 Benefits, built on each other 7 Non-volatile (%) Appearance ph (25 C) Viscosity [mpa s, 25 C] Molecular weight (Mw) Acid value (on solids) Tg ( C) Min. film-forming temp. ( C) translucent translucent translucent > 200, < > 200, < > 200, < > 200, < < < ,250 > 200, < ,150 > 200, < > 200, Joncryl HSL The aqueous acrylic binders from the Joncryl HSL product line are well suited for formulation of highquality heat sealable lacquers. These acrylic copolymer s provide a secure seal and show smooth peeling behavior. Joncryl ECO Joncryl ECO is a glycol-ether-free and food-contactcompliant product line. It is meeting the stringent demands of food and other packaging applications, such as the tobacco and confectionary markets. All residuals (monomers, by-products and impurities) are determined and identified in batch-to-batch analyses.

8 8 Benefits, built on each other Water-based systems Joncryl film-forming s Product Description Key properties Joncryl FLX range Joncryl FLX 5000 good dry and wet rub resistance, excellent resolubility and printability, excellent blocking resistance Joncryl FLX 5002 Joncryl FLX 5020 self-crosslinking acrylic with excellent resistance-resolubility balance, very suitable for water-based inks used for surface printing on fi lm substrates excellent resolubility and printability, good dry resistance, excellent blocking resistance very good resistance properties, good heat-seal resistance, fast curing, high gloss Joncryl FLX 5025 very good resistance and resolubility properties, excellent heat-seal resistance, fast curing, high-gloss Joncryl FLX 5030 Joncryl FLX 5040 Joncryl LMV Joncryl LMV 7040 self-crosslinking acrylic with good resolubility for water-based inks used for reverse printing on fi lm substrates and subsequent adhesion lamination low-maintenance vehicle, ph-neutral, hard fi lm-forming styrene-acrylic for use in water-based inks for paper, fi lm and foil substrates high bond strength on OPP laminates, good resolubility and printability, excellent heat-seal bond strength, fast curing high bond strength on OPP and PET laminates, excellent resolubility and printability, exellent heat-seal bond strength, versatile with many pigment concentrates low-maintenance, ph-neutral, excellent resolubility

9 Benefits, built on each other 9 Non-volatile (%) Appearance ph (25 C) Viscosity [mpa s, 25 C] Molecular weight (Mw) Acid value (on solids) Tg ( C) Min. film-forming temp. ( C) ,000 > 200, < > 200, < > 200, > 200, > 200, ,350 > 200, translucent > 200, Joncryl FLX Joncryl FLX products offer an excellent resistance/ resolubility balance and are therefore very suitable to be used in water-based inks for flexible packaging applications. The conversion to water-based inks for medium-duty film applications is a high-quality, costeffective reality with the FLX products. Joncryl LMV 7000 The Joncryl LMV 7000 series of Low-Maintenance Vehicles offers the printing industry a complete selection of resins and s that will assist in reducing waste and downtime due to anilox plugging and ink buildup on the plates. The components of this product are listed according to the Annex 6, official Swiss list for printing inks in contact with foodstuffs, dated November 25, 2009 on list a and/or b.

10 10 Benefits, built on each other Water-based systems Joncryl non-film-forming s Product Description Key properties Joncryl styrene-acrylic RC s Joncryl 90 Joncryl 537-E Joncryl 538 Joncryl 631 Joncryl 1158 Joncryl 1180 styrene-acrylic for use in water-based overprint varnishes and inks acrylic for use in alkali- or detergent-resistant water-based inks and overprint varnishes acrylic for use in water-based inks for vinyl wallpaper and fl ooring high-hiding styrene-acrylic for use in water-based inks low-odor acrylic for use in water-based fl exo inks for newsprint high-hiding low-odor styrene-acrylic for use in water-based fl exo inks excellent optical clarity, high gloss, good heat resistance, fast drying excellent alkali and detergent resistance, broad adhesion characteristics to non-absorbant substrates, excellent gloss, pigment wetting plasticizer migration resistance, excellent scrub resistance, good adhesion to non-absorbing substrates increases color brightness, good resolubility and printability, fast drying, low curling good resolubility, low odor, good viscosity stability, fast drying, high color brightness improved color brightness, excellent resolubility and printability, fast drying, exceptionally low odor, low curling, good viscosity stability Joncryl 1680-E styrene-acrylic for use in low-gloss/matt overprint varnishes low gloss, no matting agent required Joncryl 2038 Joncryl 8060 Joncryl 8064 acrylic for use in detergent-resistant water-based wallpaper inks for vinyl and paper substrates styrene-acrylic for use in high-gloss high-quality overprint varnishes excellent solvent and detergent resistance, excellent plasticizer migration resistance, good adhesion to non-absorbing substrates excellent clarity, excellent gloss, good fi lm-forming properties, excellent formulation fl exibility excellent clarity, excellent gloss, fast drying, good fi lm-forming properties Joncryl 8067 styrene-acrylic for use in water-based overprint varnishes excellent optical clarity, high gloss, good heat resistance, fast drying Joncryl 2157 Joncryl 8055 Joncryl ECO 2189 Joncryl LMV 7051 high-solids extremely fast drying styrene-acrylic for water-based inks on paper and paperboard low-odor acrylic for use in water-based inks and overprint varnishes glycol-ether-free styrene-acrylic for use in water-based inks and overprint varnishes low-maintenance vehicle, ph-neutral, hard, non-fi lm-forming styreneacrylic for use in water-based inks for paper and paperboard extremely fast drying, exhibits low curling, excellent resolubility, excellent compatibility, ultra-low VOC exceptional low-odor, excellent resolubility, good heat resistance, high gloss, fast drying glycol-ether-free, ultra-low VOC, fast drying, high gloss, excellent versatility and robustness low-maintenance, ph-neutral, high gloss, excellent resolubility

11 Benefits, built on each other 11 Non-volatile (%) Appearance ph (25 C) Viscosity [mpa s, 25 C] Molecular weight (Mw) Acid value (on solids) Tg ( C) Min. film-forming temp. ( C) > 200, > > 200, > 200, opaque 7.8 2,500 > 200, > opaque > 200, > white > 200, > 200, > 85 > > 200, > 200, > 200, > opaque > 200, > > 200, > > 200, > > 200, Joncryl ECO Joncryl ECO is a glycol-ether-free and food-contactcompliant product line. It is meeting the stringent demands of food and other packaging applications, such as the tobacco and confectionary markets. All residuals (monomers, by-products and impurities) are determined and identified in batch-to-batch analyses. Joncryl LMV 7000 The Joncryl LMV 7000 series of Low-Maintenance Vehicles offers the printing industry a complete selection of resins and s that will assist in reducing waste and downtime due to anilox plugging and ink buildup on the plates.

12 12 Benefits, built on each other Water-based systems Joncryl colloidals Product Description Key properties Joncryl acrylic colloidals Joncryl 638 acrylic colloidal for use in inks for post-print corrugated board and kraft paper applications very good transfer and printability, fl at dilution profi le, low cost in use, broad compatibility Joncryl 652 Joncryl 665 acrylic colloidal for use in inks for pre-print and post-print corrugated board and kraft paper applications, offering excellent hot mar resistance properties very good transfer and printability, low cost in use, fl at dilution profi le very low cost in use, steep dilution profi le Joncryl 667 Joncryl 668 Joncryl 1158 acrylic colloidal for use in inks for pre-print and post-print corrugated board and paper applications, offering excellent hot mar resistance properties acrylic colloidal for use in inks for pre-print and post-print corrugated board and kraft paper applications, offering excellent hot mar resistance properties low-odor acrylic for use in water-based fl exo inks for news print high-gloss and transfer, very good printability, for high-quality paper and board highest cost effi ciency and lowest costs in use, very good transfer and printability, steep dilution profi le good resolubility, low-odor, good viscosity stability, fast drying, high color brightness

13 Benefits, built on each other 13 Non-volatile (%) Appearance ph (25 C) Viscosity (mpa s, 25 C) Molecular weight (Mw) Acid value (on solids) Tg ( C) white opaque , white , white , white , white ,

14 14 Benefits, built on each other Water-based systems Joncryl solid resins and solutions, crosslinking agents and Joncryl Wax Product Description Key properties Joncryl styrene-acrylic resins for water-based ink and overprint varnish applications Joncryl ECO 675 Joncryl 678 Joncryl 8078 Joncryl 8083 glycol-ether-free styrene-acrylic resin for use in water-based inks and overprint varnishes styrene-acrylic resin providing excellent transfer and printability, good gloss and hold out glycol-ether-free, ultra-low VOC, excellent transfer and printability, good gloss and hold-out solid version for maximum formulation fl exibility ready-made ammonia solution of Joncryl 678 for high line speed applications ready-made MEA solution of Joncryl 678 providing high resolubility Joncryl 682 low-molecular-weight acrylic resin for use in high-solids water-based overprint solid version for maximum formulation fl exibility varnishes providing high gloss and excellent resolubility Joncryl 8085 ready-made ammonia solution of Joncryl 682 Joncryl LMV 7025 low-maintenance vehicle, ph-neutral styrene-acrylic resin solution for use in waterbased inks for high line speed applications leading to reduced downtime ready-made ammonia solution providing good gloss and clarity and excellent resolubility Product Description Key properties crosslinking agents Zinc Oxide Solution #1 zinc ammonium carbonate crosslinking agent providing improved heat resistance and fi lm hardness to all acrylic, water-based printing inks having carboxyl functionality crosslinking agent, providing improved heat resistance and fi lm hardness Product Product type Key properties Joncryl polyethylene waxes for water-based ink & overprint varnish applications Joncryl Wax 4 Joncryl Wax 35 of hard polyethylene wax of hard, fi ne-particle-size polyethylene wax highly effective wax for providing surface slip and rub resistance properties; suitable for printing inks effective in improving slip and rub resistance properties without compromising gloss and transparency; suitable for printing inks and overprint varnishes

15 Benefits, built on each other 15 Non-volatile (%) Appearance ph (25 C) Viscosity [mpa s, 25 C] Molecular weight (Mw) Acid value (on solids) Tg ( C) 99.5 clear solid resin 5, clear solid resin 8, clear solution 8.3 1,750 8, clear solution , clear solid resin 1, clear colored solution 8.1 1,350 1, clear solution 7.0 2,000 12, Dosage (%) Appearance ph (25 C) Viscosity [mpa s, 25 C] clear solution Non-volatile (%) Appearance ph (25 C) Viscosity [mpa s, 25 C] Average particle size (microns) Melting Point ( C) 40.0 opaque 9.0 1, clear < Joncryl ECO Joncryl ECO is a glycol-ether-free and food-contactcompliant product line. It is meeting the stringent demands of food and other packaging applications, such as the tobacco and confectionary markets. All residuals (monomers, by-products and impurities) are determined and identified in batch-to-batch analyses. Joncryl LMV 7000 The Joncryl LMV 7000 series of Low-Maintenance Vehicles offers the printing industry a complete selection of resins and s that will assist in reducing waste and downtime due to anilox plugging and ink buildup on the plates.

16 16 Benefits, built on each other Energy-curable systems Laromer resins and functional monomers Product Viscosity [Pa s, 23 C] Functionality Reactivity Hardness Elasticity Chemical resistance Laromer pigment grinding resin Laromer LR Laromer polyester acrylates Laromer PE 44 F Laromer PE 46 T Laromer PE 56 F Laromer LR Laromer LR Laromer LR Laromer LR Laromer PE Laromer PE (60 %) 3.4 Laromer polyether acrylates (monomer-free, amine-modified) Laromer PO 77 F Laromer PO 94 F Laromer LR Laromer LR Laromer LR low medium good excellent

17 Benefits, built on each other 17 Surface tension Characteristics Offset inks Liquid inks Screen inks Overprint varnishes 36.2 excellent pigment wetting properties, low in shrinkage 39.8 free of diluents, low-viscosity, low odor, flexible lowly viscous version of Laromer PE 56 F 43.6 well-balanced properties, leads to a tough film hard, chemical resistance, low odor highly reactive 40.8 tough with good adhesion tough scratch resistance BDDA-free version of Laromer LR 9004 high-viscosity version of Laromer LR reactive all-round resin 39.2 highly reactive, good pigment wetting, low odor 36.4 highly reactive, very low in color 35.0 reactive, very low in color and viscosity highly reactive, low color good very good excellent

18 18 Benefits, built on each other Energy-curable systems Laromer resins and functional monomers Product Viscosity [Pa s, 23 C] Functionality Reactivity Hardness Elasticity Chemical resistance Laromer amine-modified polyether acrylates (alkoxylated) Laromer PO 84 F Laromer PO 83 F Laromer LR Laromer oligoether acrylates Laromer PO 43 F Laromer PO 33 F Laromer LR Laromer LR Laromer epoxy acrylates (aliphatic) Laromer LR Laromer epoxy acrylates (aromatic) Laromer LR Laromer LR low medium good excellent

19 Benefits, built on each other 19 Surface tension Characteristics Offset inks Liquid inks Screen inks Overprint varnishes reactive, good pigment wetting good chemical resistance, low-viscosity reactive, low-viscosity 38.8 resistant to chemicals, all-round resin 34.8 low yellowing, low-odor diluent 38.4 lower in viscosity than Laromer PO 33 F partially water-soluble 43.5 partially water-soluble, flexible, highly reactive 38.6 diluted version of Laromer LR 9019, contains 15 % DPGDA 42.0 highly reactive, resistant to chemicals not suitable good very good excellent

20 20 Benefits, built on each other Energy-curable systems Laromer resins and functional monomers Product Viscosity [Pa s, 23 C] Functionality Reactivity Hardness Elasticity Chemical resistance Laromer urethane acrylates (aromatic) Laromer UA Laromer urethane acrylates (aliphatic, with monomer) Laromer UA 19 T Laromer UA Laromer UA Laromer LR Laromer reactive diluents Laromer TPGDA Laromer DPGDA Laromer HDDA Laromer TMPTA Laromer TBCH Laromer LR mpa s, 23 C low medium good excellent

21 Benefits, built on each other 21 Surface tension Characteristics Offset inks Liquid inks Screen inks Overprint varnishes fl exibilizer to UV systems 34.7 flexible, low yellowing, flexible at temperature below 0 C highly elastic, low yellowing, good adhesion 40.1 highly elastic, reactive, good adhesion 36.9 scratch- and weather-resistant, use for outdoor applications 33.2 good cutting power reactivity 32.8 excellent cutting power 35.1 excellent cutting power and adhesion 36.2 cure speed and chemical resistance 39.2 good flexibility and adhesion 35.8 good flexibility and adhesion, low odor not suitable good very good excellent

22 22 Benefits, built on each other Energy-curable systems Irgacure and Darocur photoinitiators Product Product type Description Key properties alpha-hydroxy ketones Irgacure 127 alpha-hydroxy ketone especially suitable for pigmented UV-inks and in thin clear lacquers superior reactivity over alpha-hydroxyketones such as Irgacure 184 or Darocur 1173, low sensitivity to oxygen inhibition, low emission/odor after curing Irgacure 184 Darocur 1173 alpha-hydroxy ketone alpha-hydroxy ketone acrylate clear top-coats for paper, metal and plastics, main use in clear varnishes and as co-initiator in pigmented systems, also recommended for outdoor applications low yellowing, medium volatility, highly effi cient for surface cure good solvent properties, highly suitable for blends with other photoinitiators, highly effi cient for surface cure, slightly more reactive than Irgacure 184 Irgacure 2959 alpha-hydroxy ketone acrylate clear top-coats for paper, metal, plastics, also in waterbased UV dispersions low yellowing, low odor, low volatility, low migration, reactive OH group enabling use as building block for MFPI, FDA-approved for indirect food contact in adhesive applications alpha-amino ketones Irgacure 369 Irgacure 379 alpha-amino ketone alpha-amino ketone for pigmented systems, photoresists and printing plates highly effi cient highly effi cient, excellent solubility compared to Irgacure 369; easy to incorporate Irgacure 907 alpha-amino ketone for pigmented systems highly effi cient

23 Benefits, built on each other 23 UV/VIS absorption peaks in methanol (nm) Melting point ( C, ISO 1218, DIN 53736) Solubility in n-butylacetate (%) Solubility in Laromer HDDA (%) Solubility in Laromer TPGDA (%) Solubility in Laromer TMPTA (%) Solubility in Darocur 1173 (%) 260, 320 n/a n/a , 280, > 50 > 50 > 50 > 50 > , 280, 331 liquid at room temperature > 50 > 50 > 50 > , , , , 240, > 50

24 24 Benefits, built on each other Energy-curable systems Irgacure and Darocur photoinitiators Product Product type Description Key properties acylphosphine oxides Lucirin TPO MAPO main use in clear and pigmented coatings; printing inks and adhesives Lucirin TPO-L MAPO especially suited for pigmented inks, composites and adhesives good solubility in common UV systems, signifi cant lower throughcure performance than Irgacure 819, low yellowing, low odor easy to incorporate, low yellowing, photosensitivity at longer wavelength Irgacure 819 BAPO main use in white pigmented/colored inks; UVA-stabilized inks and thick-section curing low odor, low volatility, photosensitivity at longer wavelength Irgacure 819 DW BAPO suitable for use in water-diluted ink systems, such as UV inkjet Irgacure 2100 APO especially suited for pigmented inks, composites and adhesives easy to incorporate into water-based UV systems, low odor, low volatility, photosensitivity at longer wavelength limited yellowing after cure, improved through cure and reactivity over Lucirin TPO, photosensitivity at longer wavelength cationics Irgacure 250 iodonium salt can be used to effectively cure cationic printing inks, white base coatings and adhesives; the product is especially suitable for the curing of thick and highly pigmented systems photoinitiator for cationic polymerization of epoxy, or oxetanebased photocurable systems upon light exposure Irgacure 270 sulfonium salt can be used to effectively cure cationic printing inks and adhesives; the product is especially suitable for food packaging coatings low-migration, low-oder photoinitiator for cationic polymerization of epoxy- or oxethane-based photo-curable systems upon exposure to light others Irgacure 651 benzildimethyl ketal fi llers and topcoats based on UPES/styrene for inks and clear lacquers based on acrylates for paper, metal and plastic, printing plates and photoresists yellowing after cure tends to limit the use to primer or intermediate coats Irgacure 754 phenylglyoxylate clear laquers highly effi cient in surface cure, low emission, low residual odor, lowest yellowing after cure

25 Benefits, built on each other 25 UV/VIS absorption peaks in methanol (nm) Melting point ( C, ISO 1218, DIN 53736) Solubility in n-butylacetate (%) Solubility in Laromer HDDA (%) Solubility in Laromer TPGDA (%) Solubility in Laromer TMPTA (%) Solubility in Darocur 1173 (%) 295, 380, > 50 liquid at room temperature > 50 > 50 > 50 > 50 > , 365, , 365, 405 liquid dispersion n/a n/a n/a n/a n/a 275, 370 liquid at room temperature > 50 > 50 > 50 > 50 > % solution in propylene carbonate 235, 293, n/a n/a n/a n/a n/a 254, > > 50 > , 345 liquid at room temperature > 50 > 50 > 50 > 50 > 50

26 26 Benefits, built on each other Pigment dispersion Joncryl and Joncryl HPD styrene-acrylic resins for pigment dispersion in water-based ink applications Product Description Key properties Joncryl ECO 675 Joncryl ECO 694 good color strength development with good gloss and transparency glycol-ether-free, ultra-low VOC Joncryl 678 Joncryl 8078 Joncryl 8083 cost-effective pigment dispersion resin for reliable performance in a broad range of end-use applications solid version for maximum formulation fl exibility ready-made ammonia solution of Joncryl 678 for high-line-speed applications where drying speed is more critical than resolubility ready-made MEA solution of Joncryl 678 for lower-line-speed applications where resolubility may be more critical than drying speed Joncryl 690 cost-effective color strength development with good gloss solid version for maximum formulation fl exibility and transparency; improved stability performance versus Joncryl 8082 Joncryl 678 generation products ready-made ammonia solution of Joncryl 690 Joncryl LMV 7085 Joncryl HPD 96-E Joncryl HPD 96 DMEA Joncryl HPD 96-E MEA Joncryl HPD 197 Joncryl HPD 197 MEA Joncryl HPD 296 Joncryl HPD 296 MEA Joncryl HPD 296 KOH modern generation of highly effi cient dispersion resins achieving high pigment load in combination with good rheological behavior and shock stability; low odor, ph-neutral modern generation of highly effi cient dispersion resins achieving high pigment load in combination with good rheological behavior and shock stability next generation of high-performance dispersion resins achieving highest possible pigment loads in combination with good rheological behavior and shock stability; Joncryl HPD 296 products enable faster color development and higher throughput with reduced milling time ready-made ph-neutral ammonia solution for high-line-speed applications; Low-Maintenance Vehicles reduce anilox plugging and ink build-up on plates, leading to reduced waste and less downtime ready-made ammonia solution for high-line-speed applications where drying speed is more critical than resolubility ready-made DMEA solution for applications requiring a balance between drying speed and resolubility ready-made MEA solution for lower-line-speed applications where resolubility may be more critical than drying speed ready made ammonia solution for high line speed applications where drying speed is more critical than resolubility ready made MEA solution for lower line speed applications where resolubility may be more critical than drying speed ready-made ammonia solution for high-line-speed applications where drying speed is more critical than resolubility ready-made MEA solution for lower-line-speed applications where resolubility may be more critical than drying speed ready-made KOH solution for high-line-speed, low-odor applications where ammonia and amines are to be avoided; good performance with blacks

27 Benefits, built on each other 27 Non-volatile (%) Appearance ph (25 C) Viscosity [mpa s, 25 C] Molecular weight (Mw) Acid value (mg KOH/g on solids) Tg ( C) 99.5 clear solid resin 5, clear solid resin 13, clear solid resin 8, clear solution 8,3 1,750 8, clear solution 8, , clear solid resin 16, clear solution 8,6 1,350 16, clear solution 7,3 2,000 13, clear solution 8,5 2,000 16, clear solution 8, , clear solution 8,5 2,000 16, ,0 clear solution 8,5 1,350 8, ,0 clear solution 8, , clear solution 8, , clear solution 9, , clear solution 8, , Joncryl ECO Joncryl ECO is a glycol-ether-free and food-contact-compliant product line. It is meeting the stringent demands of food and other packaging applications, such as the tobacco and confectionary markets. All residuals (monomers, by-products and impurities) are determined and identified in batch-to-batch analyses. Joncryl LMV The Joncryl LMV 7000 series of Low-Maintenance Vehicles offers the printing industry a complete selection of resins and s that will assist in reducing waste and downtime due to anilox plugging and ink buildup on the plates. Joncryl HPD Joncryl HPD is a special range of High Performance Dispersion resins and resin solutions designed to produce high-quality aqueous pigment dispersions with superior pigment wetting characteristics, exceptional viscosity stability and free-flowing concentrates at high pigment load.

28 28 Benefits, built on each other Pigment dispersion Laromer and Laropal Product Product type Description Key properties Laropal products for pigment dispersion in energy-curable printing ink applications Laropal A 81 aldehyde resin based on isobutyraldehyde provides good pigment wetting properties with organic pigments, low in shrinkage and positive effect on adhesion non-reactive pigment dispersing resin which is soluble in a range of Laromer acrylic functional reactive diluents such as Laromer TMPTA, Laromer TPGDA Laromer products for pigment dispersion in energy-curable printing ink applications Laromer LR 9013 modifi ed polyether acrylate especially for energy-curable printing inks; used in a ratio of up to 1:1 with organic pigments, provides good pigment wetting properties, low in shrinkage and positive effect on adhesion. pigment dispersing resin with excellent pigment wetting properties with a broad range of pigments in energy-curable systems Laromer LR 8985 propoxyl-modifi ed polyether acrylate especially for energy-curable printing inks, particularly for offset application pigment dispersing resin, hydrophobic character

29 Benefits, built on each other 29 Non-volatile (%) Appearance Functionality (calculated) Viscosity [Pa s, 23 C] Hydroxyl value (mg KOH/g) Acid value (mg KOH/g) Tg ( C) Softening range ( C) Applications offset flexo screen solid resin (pellet) viscous liquid approx viscous liquid recommended potentially suitable

30 30 Benefits, built on each other Solvent-based systems for ink applications Product Product type Description Key properties Acronal products for solvent-based ink applications Acronal 4 F polymer of n-butylacrylate used especially for PVC-based gravure printing inks to improve adhesion to aluminum substrates; used Acronal 700 L copolymer of n-butylacrylate and vinyl isobutyl ether, 50 % solution in ethyl acetate also for PVC/acrylic inks for gravure application onto retortable fi lm-fi lm and fi lm-aluminum laminates; used in inks for gravure printing of vinyl wall paper soft acrylic resins which are compatible with nitrocellulose resin and chlorinated polymers such as PVC and which are soluble in acetates, glycols and glycol ethers; have a plasticizing effect and confer fl exibility and adhesion; provide heat, light and chemical resistance properties Laroflex products for solvent-based ink applications Laroflex MP 15 Laroflex MP 25 Laroflex MP 35 copolymers of vinylchloride and vinyl isobutyl ether having increasing viscosity through the series used in PVC/acrylic inks for gravure application onto retortable fi lm-fi lm and fi lm-aluminum laminates resins which exhibit good pigment wetting, adhesion to aluminum and high resistance to heat and hydrolysis. Laroflex MP 45 Lutonal products for solvent-based ink applications Lutonal A 25 polyvinyl ether polymer based on ethyl vinylether Lutonal A 50 Lutonal M 40 polyvinyl ether polymer based on ethyl vinylether - 50 % solution in ethanol polyvinyl ether polymer based on methyl vinylether - 70 % solution in ethanol used in PVB-based printing inks for gravure and fl exo application onto fl exible fi lms for lamination; also used in PVB inks for glassine paper (pergament) soft resins having various molar masses and which have a plasticizing effect and confer fl exibility and adhesion Joncryl products for solvent-based ink applications Joncryl 611 acrylic resin used as a modifying resin, for example, for fl exo-applied NC formulations onto PE for heavy-duty outdoor applications medium-hard resin which is compatible with NC resin, soluble in ketones, acetates and alcohol/acetate blends; confers fl exibility and has positive effect on adhesion; has pigment wetting properties; is listed according to the Annex 6, offi cial Swiss list for printing inks in contact with foodstuffs, dated November 25, 2009 on list a and/or b.

31 Benefits, built on each other 31 Non-volatile (%) Appearance Viscosity [Pa s, 23 C] Tg ( C) gravure Applications flexo 99.0 liquid (50 % in ethyl acetate) liquid solid resin (fi ne white powder) mpa s (20 % in toluene) softening point 47 C solid resin (fi ne white powder) mpa s (20 % in toluene) softening point 50 C solid resin (fi ne white powder) mpa s (20 % in toluene) softening point 50 C solid resin (fi ne white powder) mpa s (20 % in toluene) softening point 50 C > 90.0 viscous liquid liquid viscous liquid clear solid resin 150 mpa s (40 % in toluene) 60 recommended potentially suitable

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