Akzo Nobel N.V. — M&A Activity 2009

May 29, 2009

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

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May 29, 2009

AkzoNobel to sell stake in Pakistan PTA activities

AkzoNobel has agreed to divest its 75 percent stake in the PTA activities of its Chemicals Pakistan business to Korean company KP Chemical Corporation (KPC). Financial details were not disclosed.

The holding in Pakistan PTA Limited – which is listed on the Karachi Stock Exchange – was acquired by AkzoNobel in 2008 as part of the acquisition of ICI. The company has a site in Karachi and around 200 employees. The transaction is expected to be completed in the fourth quarter of 2009.

"In spite of good performance and a dedicated team, the PTA activities and its future requirements do not fit with AkzoNobel's strategic priorities," explained Rob Frohn, the AkzoNobel Board member responsible for Specialty Chemicals. "KP Chemical – who are looking to expand their PTA capacity and geographic reach – will be a better match for the business going forward."

PTA (Pure Terephthalic Acid) is an essential raw material for the polyester fiber industry and polyester resins used in the manufacture of PET packaging.

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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 60,000 employees - who are based in more than 80 countries - are committed to excellence and delivering Tomorrow's Answers Today™.

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