media release

AkzoNobel Successfully Launches €750 Million Bond Issue

AkzoNobel has today announced that the company has successfully launched a Eurobond issue of €750 million with a maturity of 6 years.

The completion of this transaction allows AkzoNobel to extend its debt maturity profile. The deal, which offers a 7.25 percent coupon, attracted more than €2.5 billion of demand and has been placed with a diversified investor base.

The bonds are issued by Akzo Nobel NV, and will be listed on the Luxembourg Stock Exchange.

Settlement date of the transaction is set at March 27, 2009 and the bonds will mature on March 27, 2015. AkzoNobel is rated BBB+, negative by Standard & Poors and Baa1 negative by Moody's. Barclays Capital, ING, JP Morgan Chase and Société Générale acted as joint lead managers for this issue.

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