Arnhem, the Netherlands, May 7, 2007 — Akzo Nobel (Euronext Amsterdam: AKZ; Nasdaq: AKZOY) has announced that, in line with the launch of its EUR 1.6 billion share buyback program on May 3, 2007, the company has repurchased 475,000 ordinary shares on May 3 and 4, 2007.
were repurchased at an average price of EUR 58.53.
detailed information on the daily repurchased shares, see the Akzo Nobel website.
total number of shares repurchased under this program to date is 475,000 ordinary shares for a total consideration of EUR 27,800,795.00.
completion of the share buyback program is expected by the end of 2007.