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2016-02-17

Akzo Nobel NV: AkzoNobel to strengthen Performance Coatings business with intended acquisition of BASF's Industrial Coatings business

February 17, 2016

AkzoNobel today has made an agreed offer to acquire
BASF's Industrial Coatings business for
€475 million.

The transaction would include technologies, patents and trademarks, as well as
securing supply to customers worldwide. Two manufacturing plants - one in the
UK and one in South Africa - would also be transferred to AkzoNobel. The
business generated revenue of about €300 million in 2015 and supplies
products for a number of end uses, including coil, furniture foil and panel
coatings, wind energy and general industry, and commercial transport.

"This proposed acquisition will strengthen our position in the important coil
coatings market and fits well with our existing business, allowing us to
offer essential solutions to our customers," said AkzoNobel CEO Ton Büchner.
"We are continuing to deliver on our strategy to achieve our vision of
leading market positions delivering leading performance."

The planned transaction is expected to be completed in the second half of
2016, subject to regular consultation with employee representatives and
satisfaction of certain closing conditions, including receipt of required
regulatory approval.

- - -
AkzoNobel is a leading global paints and coatings company and a major producer
of specialty chemicals. Calling on centuries of expertise, we supply
industries and consumers worldwide with innovative products and sustainable
technologies designed to meet the growing demands of our fast-changing
planet. Headquartered in Amsterdam, the Netherlands, we have approximately
45,000 people in around 80 countries, while our portfolio includes well-known
brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently
ranked as one of the leaders in the area of sustainability, we are committed
to making life more liveable and our cities more human.

Not for publication - for more information

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Safe Harbor Statement

This press release contains statements which address key issues such as
AkzoNobel's growth strategy, future financial results, market positions,
product development, products in the pipeline and product approvals. Such
statements should be carefully considered, and it should be understood that
many factors could cause forecasted and actual results to differ from these
statements. These factors include, but are not limited to, price
fluctuations, currency fluctuations, developments in raw material and
personnel costs, pensions, physical and environmental risks, legal issues,
and legislative, fiscal, and other regulatory measures. Stated competitive
positions are based on management estimates supported by information provided
by specialized external agencies. For a more comprehensive discussion of the
risk factors affecting our business please see our latest annual report, a
copy of which can be found on our website www.akzonobel.com

20160217 Media release AkzoNobel
http://hugin.info/130660/R/1986550/728916.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Akzo Nobel NV via Globenewswire

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