Midland, MI - June 02, 2008

Today J. Pedro Reinhard, Romeo Kreinberg and The Dow Chemical Company announce that:

• The litigation between them has been settled to the mutual satisfaction of the parties.
  
  
• Mr. Reinhard and Mr. Kreinberg acknowledge participating in discussions which were not authorized by nor disclosed to Dow’s Board concerning a potential LBO of Dow.
  
  
• Mr. Reinhard and Mr. Kreinberg acknowledge that the actions taken by Dow’s Board were appropriate under the circumstances.
  
  
• Mr. Reinhard and Mr. Kreinberg do not dispute Dow’s April 12, 2007 press release.
  
  
• Mr. Reinhard and Mr. Kreinberg agree it would have been appropriate to have informed the CEO and the Board of the LBO discussions.
  
  
• The Board acknowledges Mr. Reinhard and Mr. Kreinberg’s substantial contributions to Dow over their lengthy and illustrious careers at Dow.
  
  
• Other terms of the settlement are confidential.

About Dow

For Editorial Information:

Chris Huntley
The Dow Chemical Company
1-989-636-2876