Akzo Nobel N.V. — M&A Activity 2011

Oct 7, 2011

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

October 7, 2011

AkzoNobel completes acquisition of Schramm Holding AG

AkzoNobel has today completed its acquisition of more than 95 percent of the shares of coatings manufacturer Schramm Holding AG. The deal was first announced in June of this year.

Based in Germany and listed on the Hong Kong Stock Exchange, Schramm manufactures and markets coatings for plastics, metals and electrical insulation as well as coil coatings for aluminum. They achieved global revenues in 2010 of €115 million and employ around 800 people.

In addition to the Schramm deal, the company expects to finalize the acquisition of Korean SSCP's coatings business as of November 1, 2011. SSCP was also the majority shareholder of Schramm until today's deal.

These acquisitions underline AkzoNobel's determination to accelerate growth and to build leadership positions across all global markets in line with the company's Value and Values strategy.

"This is an important step for Industrial Coatings, making us the global leader in specialty plastic coatings for mobile devices, laptops, TVs and automotive interiors," said Conrad Keijzer, Managing Director of AkzoNobel Industrial Coatings.

Peter Brenner, the current CEO of Schramm Holding AG – who will become Director of the new, combined specialty plastic coatings business – added: "We are delighted to be able to begin the integration of Schramm into AkzoNobel. We are looking forward to working with our new colleagues and exploring the exciting opportunities this integration offers while ultimately delivering world-class products and service to our customers."

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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.

AkzoNobel is the largest global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are a Global Fortune 500 company and are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 55,000 people around the world are committed to excellence and delivering Tomorrow's Answers Today™.