Akzo Nobel N.V. — M&A Activity 2008

Dec 8, 2008

Akzo Nobel N.V. Corporate Communications Strawinskylaan 2555 P.O.Box 75730 1070 AS Amsterdam The Netherlands

T +31 20 502 7833 F +31 20 502 7604 www.akzonobel.com

Press release

December 8, 2008

AkzoNobel acquires minority shareholding in coil coatings JV

AkzoNobel has today acquired Nippon Paint's 25 percent minority shareholding in their joint venture company in Europe, Akzo Nobel Nippon Paint Holding B.V.

The former 75/25 joint venture – which was first established in 1993 between Courtaulds and Nippon Paint – involved the manufacture and sale of coil coatings in the greater European region.

The transaction will take AkzoNobel's shareholding in the company to 100 percent and will allow the merger of the company and its subsidiaries into the AkzoNobel group.

Financial details were not disclosed.

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Note to editors

AkzoNobel is proud to be one of the world's leading industrial companies. Based in Amsterdam, the Netherlands, we make and supply a wide range of paints, coatings and specialty chemicals - pro forma 2007 revenue totaled €14.4 billion. In fact, we are the largest global paints and coatings company. As a major producer of specialty chemicals we supply industries worldwide with quality ingredients for life's essentials. We think about the future, but act in the present. We're passionate about introducing new ideas and developing sustainable answers for our customers. That's why our 60,000 employees - who are based in more than 80 countries - are committed to excellence and delivering Tomorrow's Answers Today™.

Not for publication – for more information

Akzo Nobel nv Contact: Heleen van de Lustgraaf Contact: Huib Wurfbain, Ivar Smits

Corporate Media Relations, tel. +31 20 502 7833 Corporate Investor Relations, tel. +31 20 502 7856

Safe Harbor Statement

This press release contains statements which address such key issues as AkzoNobel's growth strategy, future financial results, market positions, product development, 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, 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 latest Annual Report, a copy of which can be found on the company's corporate website www.akzonobel.com.