Akzo Nobel completes on sale to Henkel

Thursday, 03. April 2008 14:29
Amsterdam, the Netherlands, April 3, 2008 - Akzo Nobel N.V. has today
completed the on sale of the Adhesives and Electronic Materials
businesses, part of the former ICI's National Starch business, to
Henkel KGaA for GBP 2.7 billion (EUR 4 billion) in cash.

The agreement with Henkel for the on sale of the two businesses was
announced by Akzo Nobel in its offer for the ICI Group in August
2007. The transaction was subject to the completion of Akzo Nobel's
recommended offer for ICI and clearance by relevant anti-trust
authorities. Both conditions have now been met.

"I am pleased that the sale has been concluded so rapidly, just three
months after the ICI acquisition, and we are confident Henkel will
further develop these strong businesses," said Akzo Nobel CEO Hans
Wijers. "The on sale allows Akzo Nobel to focus on its core
businesses and we are making good progress with integrating the ICI
and Akzo Nobel organizations."

Akzo Nobel will provide an update on the integration at the Annual
General Meeting of Shareholders, being held on April 22, 2008. Added
Wijers: "We will keep up the pace and the positive energy, and build
the enlarged group into one of the world's leading and most respected
industrial companies."

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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 EUR 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Not for publication - for more information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

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Related Links: Akzo Nobel N.V.
Author:
Hugin
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