RNS Number:4197K
Bayer AG
25 April 2003


Payment of Dividend

Notice is hereby given to Shareholders that, following a Resolution passed at
the Annual General Meeting of Shareholders held on April 25, 2003, a dividend
for the year 2002 of 0.90 Euro per share will be paid as from May 2, 2003.

All dividends will be subject to deduction of German Capital Yields Tax of 21.1%
(20% plus 5.5% "Solidarity Surcharge" on the Capital Yields Tax).

The net amount of dividend is payable in euros. Paying Agents outside the euro
area will pay in the local currency of the country at the rate of exchange on
the day of presentation.

The payment will be made as from May 2, 2003 at the Company's Paying Agent in
the United Kingdom:

UBS Warburg
1 Finsbury Avenue
London
EC2M 2PP

from whom claim forms may be obtained.

German Capital Yields Tax deducted in excess of 15% is recoverable by United
Kingdom residents. The Company's United Kingdom Paying Agent will, upon request,
provide the appropriate form for such recovery.

Leverkusen, April 25, 2003

The Board of Management of 
Bayer Aktiengesellschaft

Wenning               Kuhn

                      This information is provided by RNS
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