Amsterdam, the Netherlands, April 7, 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 180,000 ordinary shares in the period March 31 until April 4, 2008. Shares were repurchased at an average price of EUR 50.78.
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://www2.akzonobel.com/com/Investor+Relations/Share+Buyback+Overview.htm.
total number of shares repurchased under this program to date is 970,000 ordinary shares for a total consideration of EUR 49.5 million.