June 23, 2004 Employee Q&A ------------- 1. What is a domination and profit and loss transfer agreement? A domination agreement is an agreement in which one company (Celanese AG) submits itself legally to the direction of another (BCP Crystal...Domination and Profit and Loss Transfer Agreement • June 23rd, 2004 • Celanese Ag • Plastics, foil & coated paper bags
Exhibit 99.3 Intranet employee letter June 23, 2004 ------------------------ Dear employees, Yesterday, the Celanese AG Supervisory Board approved what is known as a domination and profit transfer agreement, which was concluded with BCP Crystal...Domination and Profit Transfer Agreement • June 23rd, 2004 • Celanese Ag • Plastics, foil & coated paper bags
Yesterday, the Celanese AG Supervisory Board approved what is known as a domination and profit transfer agreement, which was concluded with BCP Crystal Acquisition GmbH & Co. KG (BCP) the same day. This agreement still requires shareholder approval at the Extraordinary General Meeting to be held on July 30 and 31. However, BCP holds sufficient shares to ensure that such shareholder approval will be received.
