Amsterdam, the Netherlands, March 31, 2008 - Akzo Nobel (Euronext Amsterdam: AKZ) has announced that, in line with the launch of its EUR 1 billion share buyback program on March 17, 2008, the company has repurchased 390,000 ordinary shares in the period March 25 until March 28, 2008. Shares were repurchased at an average price of EUR 51.22.
The EUR 1 billion program is the first tranche of a EUR 3 billion share buyback program.
For detailed information on the daily repurchased shares, see the Akzo Nobel website at http://www.akzonobel.com/com/Investor+Relations/Share+Buyback+Overview.htm.
The total number of shares repurchased under this program to date is 790,000 ordinary shares for a total consideration of EUR 40.3 million.
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Note to editors
Akzo Nobel is one of the world's leading industrial companies. We are the largest global coatings manufacturer and the number one in decorative paints and performance coatings, as well as being a major worldwide supplier of specialty chemicals.
We employ around 60,000 people in more than 80 countries and are committed to developing innovative products and cutting-edge sustainable technologies. We endeavor to deliver whatever our customers require, wherever and whenever they need it. Based in the Netherlands, Akzo Nobel is a Fortune Global 500 company and is listed on the Euronext Amsterdam stock exchange. We are the Chemicals industry leader on the Dow Jones Sustainability Indexes, as well as being included on the FTSE4Good Index. Pro forma combined revenue for 2007 totaled €14.4 billion. The financial results for the first quarter will be published on May 7, 2008.
Internet: www.akzonobel.com
Not for publication - for more information
Akzo Nobel nv
Corporate Media Relations, tel. +31 20 502 7833 Corporate Investor Relations, tel. +31 20 502 7854
Contact: Tim van der Zanden Contact: Dick Luijckx
