Akzo Nobel N.V. — M&A Activity 2009

Nov 23, 2009

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

T +31 20 502 78 33 F +31 20 502 76 04 www.akzonobel.com

Press release

November 23, 2009

AkzoNobel acquiring Australian specialty starch activities

AkzoNobel's National Starch business is to boost its supply capability in the Asia Pacific region after agreeing to acquire Penford Australia Ltd's specialty grain wet milling and manufacturing facility in Lane Cove. Financial details were not disclosed.

The deal, which also includes certain other intellectual property and assets of Penford's Australian specialty starch business, will expand National Starch's regional capability to supply specialty corn starches into food applications in the Asia Pacific region.

"This is a strategic investment in National Starch's global portfolio which further strengthens the business' ability to support customers in the growing Asia Pacific region," said Rob Frohn, the AkzoNobel Board member responsible for Specialty Chemicals.

Added National Starch Managing Director Jim Zallie: "This addition to our global supply network will shorten our supply lines of specialty starches into Australia and Asia, improve our competitive advantage and enhance our ability to strengthen our leadership position in the region."

The acquisition will add two new product lines to National Starch's already extensive portfolio of specialty food starches. These include Penford's "clean label" starch product technology – to complement National Starch's world-leading NOVATION functional native food starches – and additional resistant starch products, which will expand the business' product range for nutrition and health applications.

Final closure of the deal is expected before the end of the year.

---

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 - 2008 revenue totaled €15.4 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 58,000 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

Contact: Oskar Bosson Contacts: Huib Wurfbain and Ivar Smits

Corporate Media Relations, tel. +31 20 502 7833 Corporate Investor Relations, tel. +31 20 502 7854

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.