Midland, MI - May 15, 2008

The Dow Chemical Company (NYSE: DOW ), has declared a dividend of 42 cents per share, payable July 30, 2008, to shareholders of record on June 30, 2008.

This is the 387th consecutive cash dividend issued by Dow.  Since 1912, Dow has paid its shareholders cash dividends every quarter and has either maintained or increased the quarterly dividend amount throughout that time.

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Bob Plishka
The Dow Chemical Company
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