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Dow and Ashland Increase Resin Prices

22 October 2004

Dow Chemical Company, Dow Derakane and Ashland Composite Polymers have made resin price increases.

Effective November 15, 2004, or as contract terms allow, Epoxy Products and Intermediates (EP&I) of The Dow Chemical Company will be increasing its prices for epoxy resins in North America.

The price increase for brominated epoxy resins refer to standard products. Price increases for the D.E.R. 540, 560 and 590 series of specialty brominated resins will vary by product. All other terms and conditions of sale remain unchanged.

The increases are in addition to those previously announced in September (effective October 1, 2004) which included Dow’s full line of epoxy resins and hardeners. Full price details for different resins are available from the DOW website.

The Dow Chemical Company is increasing prices on all grades of Derakane epoxy vinyl ester resins in all regions of the world. The increases are effective for shipments on and after November 15, 2004, for all customers, or as contract terms permit. Specific prices for different world regions are available from the DOW website.

Ashland Composite Polymers, a business group within Ashland Specialty Chemical is increasing by 150 EURO/T the price of its unsaturated polyester and vinyl ester resins and gel coat products in Europe.

This price increase will be effective Nov. 1, 2004, and is in addition to the already announced increases over the last months. Responding to changing market conditions allows Ashland to continue to provide innovative products and industry-leading product support that add value to our customers, now and in the future.