Dow Announces Partial Redemption of 7.60% Notes Due 2014

  Dow Announces Partial Redemption of 7.60% Notes Due 2014

Business Wire

MIDLAND, Mich. -- November 16, 2012

On November 16, 2012, The Dow Chemical Company (NYSE: DOW) announced a partial
redemption in the principal amount of $1,000,000,000.00 of the Company’s
outstanding 7.60% Notes due 2014 (the “Notes”) issued pursuant to an Indenture
dated as of May 1, 2008 (the “Indenture”) between TDCC and The Bank of New
York Mellon Trust Company, N.A., as trustee.

Pursuant to the terms of the Indenture, the Notes will be redeemed in part on
December 17, 2012 (the “Redemption Date”) at a redemption price equal to the
greater of (1) 100% of the principal amount thereof, and (2) the sum of the
present values of the remaining scheduled payments of principal and interest
thereon (not including any portion of such interest payments accrued as of the
Redemption Date), discounted to the Redemption Date on a semiannual basis
(assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate (as defined in the Notes and determined on the third business day prior
to the Redemption Date) plus 50 basis points, as set forth in the Notes, along
with accrued and unpaid interest up to, but not including, the Redemption
Date. On the Redemption Date and upon TDCC’s payment of the redemption price,
all rights of holders with respect to the Notes being redeemed will terminate,
except for the right to receive payment of the applicable redemption price
upon surrender of the Notes for redemption.

Copies of the notice of partial redemption can be obtained from the Bank of
New York Mellon Trust Company by calling Bondholder Relations at (800)


The Dow Chemical Company
Media Contact:
Rebecca Bentley, 989-638-8568
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