Akzo Nobel N.V. — M&A Activity 2007

Oct 11, 2007

Akzo Nobel to divest Nobilas business

Amsterdam, the Netherlands, October 11, 2007 — Akzo Nobel has announced that the company intends to divest its Nobilas Claims & Fleet solutions business to the UKbased Innovation Group.

Established as a stand-alone activity in 2004, Nobilas combines leading car repair process management skills with claims management and incident services. Expansion has been swift, with the business now employing around 300 people across Europe and North America. The business handles an annual volume of more than 300,000 repairs and services, and the managed repairs represent a value of around EUR 190 million.

"Nobilas has grown remarkably well in a relatively short time," said Akzo Nobel CFO Rob Frohn. "But it no longer fits in with Akzo Nobel's strategy as Nobilas increasingly moves towards non-paint related outsourcing activities. We believe that the Innovation Group is a better owner for continuing what Nobilas has built up."

Added Nobilas General Manager Geoff Bullen: "Nobilas is well positioned to take advantage of an increasing international market trend towards the outsourcing of vehicle damage claim related services. Operating under more focused ownership will offer better opportunities for the business to accelerate its growth momentum and continue into the next phase of its development."

Based in the Netherlands, Nobilas also has offices in Belgium, the United Kingdom, France, Spain, Germany and the United States. The majority of the business' 300 employees will be transferred to the Innovation Group, which is headquartered in Whitely, UK, and is a leading solution provider to the global insurance industry.

The deal is subject to consultation with relevant employee representative bodies in various countries and is due to be completed in the fourth quarter of 2007.

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Akzo Nobel nv Strawinskylaan 2555 P.O. Box 75730 1070 AS Amsterdam The Netherlands Tel.: +31 20 502 7833 Fax: +31 20 502 7604

Note to editors

Akzo Nobel is a Fortune Global 500 company and is listed on Euronext Amsterdam. It is also the Chemicals Industry leader on the Dow Jones Sustainability Indexes and Akzo Nobel is included on the FTSE4Good Index. Based in the Netherlands, we are a multicultural organization serving customers throughout the world with coatings, chemicals and human and animal healthcare products. We employ around 62,000 people and conduct our activities in these four segments, with operating subsidiaries in more than 80 countries. Consolidated revenues for 2006 totaled EUR 13.7 billion. The financial results for the third quarter will be published on October, 23, 2007.

Internet: www.akzonobel.com

Not for publication – for more information

Akzo Nobel N.V. Corporate Media Relations, tel. +31 20 502 7833 Contact: Heleen van de Lustgraaf

Safe Harbor Statement*

This press release may contain statements which address such key issues as Akzo Nobel's growth strategy, future financial results, market positions, product development, pharmaceutical products in the pipeline, and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, progress of drug development, clinical testing and regulatory approval, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business please see our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission, a copy of which can be found on the company's corporate website www.akzonobel.com.

* Pursuant to the U.S. Private Securities Litigation Reform Act 1995.