media release

Akzo Nobel Share Buyback Program (Week 32)

PRESS RELEASE: Akzo Nobel has announced that, in line with the launch of its EUR 1.6 billion share buyback program on May 3, 2007, the company has repurchased 2,022,208 common shares in the period August 6 until August 10, 2007.

Arnhem, the Netherlands, August 13, 2007 — Akzo Nobel (Euronext Amsterdam: AKZ; Nasdaq: AKZOY) has announced that, in line with the launch of its EUR 1.6 billion share buyback program on May 3, 2007, the company has repurchased 2,022,208 common shares in the period August 6 until August 10, 2007.

Shares were repurchased at an average price of EUR 58.33 for a total amount of EUR 118.0 million.  

The total number of shares repurchased under this program to date is 20,094,241 common shares for a total consideration of EUR 1.2 billion.

completion of the share buyback program is expected by the end of 2007.

 

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