Arnhem, the Netherlands, May 7, 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 475,000 ordinary shares on May 3 and 4, 2007. Shares were repurchased at an average price of EUR 58.53. For detailed information on the daily repurchased shares, see the Akzo Nobel website at www.akzonobel.com/com/Investor+Relations/Financial+FAQ.
The total number of shares repurchased under this program to date is 475,000 ordinary shares for a total consideration of EUR 27,800,795.00.
The completion of the share buyback program is expected by the end of 2007.
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Note to editors
Akzo Nobel is a Fortune Global 500 company and is listed on both the Euronext Amsterdam and NASDAQ stock exchanges. It is also included on the Dow Jones Sustainability Indexes and FTSE4Good Index. Based in the Netherlands, we are a multicultural organization serving customers throughout the world with coatings, chemicals and human and animal healthcare products. We employ around 62,000 people and conduct our activities in these four segments, with operating subsidiaries in more than 80 countries. Consolidated revenues for 2006 totaled EUR 13.7 billion. The financial results for the second quarter will be published on July 24, 2007.
Internet: www.akzonobel.com
Not for publication - for more information
Akzo Nobel nv
Corporate Media Relations, tel. +31 26 366 43 43
Contact: Heleen van de Lustgraaf
