Akzo Nobel N.V. — M&A Activity 2007

May 22, 2007

Major Acquisition in North American wood coatings market

Arnhem, the Netherlands, May 22, 2007- Akzo Nobel is to significantly broaden its position in the North American wood coatings market after signing an agreement to acquire Chemcraft Holdings Corporation, North America's largest privately-owned manufacturer of industrial wood coatings.

Established in 1976, Chemcraft operates nine manufacturing facilities across the United States, Canada, and Brazil, employing around 500 people. The company's 2006 revenues were USD 145 million.

"This is a strategically important acquisition which will enable us to add scale and value in a number of key North American wood coatings markets," said Akzo Nobel CEO Hans Wijers. "Chemcraft is a perfect fit with the activities of our Industrial Finishes business and will considerably enhance our presence in several complementary markets."

Chemcraft is a highly respected supplier of wood finishes in North America with a well developed distribution network and a history of solid profitability. Subject to receipt of regulatory approvals the acquisition is expected to be completed in the third quarter of 2007.

"This transaction is an excellent fit with our strategic goals, and supports our long-term commitment to the North American market," added Robert Taylor, President & General Manager of Akzo Nobel's Global Industrial Finishes business. "Chemcraft is a dynamic, customer focused organization which is perfectly aligned with the way we do business. Bringing these two successful businesses together will enhance our ability to better serve our wood customers."

With global headquarters in Louisville, Kentucky, Akzo Nobel's Industrial Finishes business is the world's largest manufacturer of coil coatings and factory applied wood coatings for furniture, kitchen cabinetry, building products and flooring. The business is also a leading supplier of specialty plastic coatings and wood adhesives.

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Akzo Nobel nv Velperweg 76 P.O. Box 9300 6800 SB Arnhem The Netherlands Tel +31 26 366 43 43 Fax +31 26 366 49 40

Note to editors

Akzo Nobel is a Fortune Global 500 company and is listed on both the Euronext Amsterdam and NASDAQ stock exchanges. It is also included on the Dow Jones Sustainability Indexes and 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 second quarter will be published on July 24, 2007.

Internet: www.akzonobel.com

Not for publication – for more information

Akzo Nobel nv Corporate Media Relations, tel. +31 26 366 43 43 Contact: Marc Michelsen

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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. The 2006 Annual Report on Form 20-F will be available at the end of the second quarter of 2007.

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