media release

Akzo Nobel N.V. Successfully Completed a €225million Refinancing

AkzoNobel today successfully completed a €225million tap of the company’s €750 Eurobond issue which matures on March 27, 2015, which will increase the aggregate nominal amount of the bond to €975million.

The completion of the recent Tender Offer and the tap transaction allows AkzoNobel to extend its debt maturity profile. The tap issue was placed with a high quality investor base and was priced at a low premium compared to the trading level of the original bond issue.

Settlement date of the transaction is set at December 10, 2009. AkzoNobel is rated BBB+, negative outlook by Standard & Poors and Baa1 negative outlook by Moody's. Citi, Deutsche Bank and the Royal Bank of Scotland acted as joint lead managers for this issue.

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