media release

Fourth Education Fund Project Announced

The board of Akzo Nobel’s Education Fund ’94 has approved a fourth project for the fiscal year 2004.

Following the recent announcement of three new projects in China, Brazil and Indonesia, a further scheme designed to encourage the education of young people has received the green light in Vietnam.

A total of USD 22,650 will be donated to help build much-needed extra classrooms in Cam Thuy, a poor community located in the province of Quang Tri. The commune has a population of nearly 5,000 people, but education facilities are poor, with only six classrooms currently serving 754 pupils.

With the help of the Education Fund, six additional classrooms will be constructed, with work due to start in April next year, finishing in September.

The fund—supported by the expertise of child poverty charity Plan International—was set up in 1994 to help finance special projects designed to encourage the education of young people in developing countries.

Supported by voluntary contributions from Akzo Nobel employees and a significant annual contribution from the Board of Management, specially selected programs are announced every year, all of which aim to assist deprived youngsters in their schooling.

(Released: August 27, 2003)