Midland, MI - November 20, 2008

The Dow Chemical Company released the following statement today:

"The global economy is now feeling the full effects of the same economic issues that have plagued the U.S., resulting in a drop in demand not only in the U.S., but around the world," said Andrew N. Liveris, Dow chairman and chief executive officer. "We are going to take necessary, bold and proactive measures to manage our transformation through these extremely challenging times."

The Company is focusing its efforts on aspects of its business that are in its control, including proactively looking at all options to reduce costs and eliminate or defer capital spending at all locations.

These decisions will vary by business, location and site. No final decisions have been made. The safety of our operations will not be compromised.

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