Amsterdam, the Netherlands, March 25, 2008 — Akzo Nobel has announced that, in line with the launch of its EUR 1 billion share buyback program on March 17, 2008, the company has repurchased 400,000 ordinary shares in the period March 17 until March 20, 2008. Shares were repurchased at an average price of EUR 50.90.
The EUR 1 billion program is the first tranche of a EUR 3 billion share buyback program.
detailed information on the daily repurchased shares, see the Akzo Nobel website at http://www.akzonobel.com/investor_relations/share_buyback/index.aspx
total number of shares repurchased under this program to date is 400,000 ordinary shares for a total consideration of EUR 20.4 million.