Midland, MI - December 11, 2008

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The Dow Chemical Company (NYSE: DOW), has declared a dividend of 42 cents per share, payable January 30, 2009, to shareholders of record on December 31, 2008.

This is the 389th 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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