Midland, MI - August 08, 2008

The Dow Chemical Company announced yesterday that it will raise prices in North America for products in the Oxygenated Solvents portfolio as set forth in the Attachment to this press release effective September 1, 2008, or as contracts allow. This increase is required to address the continued escalation in raw material costs.

“Our prices continue to lag the dramatic increase in raw material costs making this increase very necessary,” says Martin Sutcliffe, global business director, Glycol Ethers. “Raw material price volatility and security of supply remain a key concern.”

“The fundamental challenge of high and volatile raw material costs is something we have been managing for the last three years,” says Carol Miller, global business director, Solvents & Intermediates. “The entire value chain is having to address these challenges.”

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Heather Gallegos
The Dow Chemical Company
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