DuPont Announces $1 Billion Share Buyback Program

              DuPont Announces $1 Billion Share Buyback Program

Updates 2012 Earnings Guidance; Provides Current Outlook for 2013

PR Newswire

WILMINGTON, Del., Dec. 11, 2012

WILMINGTON, Del., Dec. 11, 2012 /PRNewswire/ -- DuPont today announced that
its board of directors has authorized a share repurchase program for $1
billion of the company's common stock. This program, expected to be completed
in 2013, is subject to receiving the proceeds from the Performance Coatings
divestiture. The company also updated 2012 earnings guidance to be at the
high end of the previous range of $3.25 to $3.30 per share on a continuing
operations basis, excluding significant items.

"Our fourth quarter performance is as expected and at the high end of our
previous guidance. I am pleased that our board authorized a significant stock
repurchase program. This program reflects our confidence in the underlying
fundamentals of our business as well as our commitment to deliver value to our
shareholders. The buyback delivers meaningful near-term value with the
remaining proceeds from the divestiture providing us the ability to further
strengthen our balance sheet, preserving our flexibility to invest in
selective growth opportunities," said Ellen Kullman, Chair and CEO of DuPont.

The company also announced its current outlook for 2013 earnings to grow low-
to mid-single digits with sales growing in the low-single digits. The outlook
reflects the view that all of the company's segments will deliver solid
earnings growth versus 2012, except for Performance Chemicals, which is
expected to be down substantially with margins decreasing six to seven
percentage points in 2013. Excluding Performance Chemicals, the company would
expect earnings growth of at least high-teens in 2013 versus 2012.

"While we are seeing indications that market conditions are firming up in some
areas, volatility and uncertainty also persist," said Kullman. "Our current
outlook calls for our 2013 earnings to grow low- to mid-single digits over
2012 as the investments we are making in agriculture and nutrition, industrial
biosciences and advanced materials continue to deliver results offset by the
weakness in titanium dioxide markets. We will provide more specific guidance
with our fourth quarter earnings report."

Additionally, the company announced its intention to begin reporting
"operating earnings" (Non-GAAP) in 2013. Operating earnings is defined as
earnings from continuing operations (GAAP) excluding significant items and
non-operating pension and other postretirement employee benefit (OPEB) costs,
which are impacted by changes in interest rates and plan returns. For the
nine-month period ended Sept. 30, 2012, non-operating pension/OPEB costs were
approximately $.36 per share on a continuing operations basis. The company
will provide further information concerning the new reporting change later
this week.

Investors' Webcast

DuPont will host a webcast and slide presentation for shareholders, investors
and the media today at 5:00 p.m. EST, accessible through the DuPont Investor
Center website at www.investors.dupont.com.

Use of Non-GAAP Measures

Management believes that certain non-GAAP measurements are meaningful to
investors because they provide insight with respect to ongoing operating
results of the company. Such measurements are not recognized in accordance
with generally accepted accounting principles (GAAP) and should not be viewed
as an alternative to GAAP measures of performance. A reconciliation of 2012
earnings guidance is provided on the company's Investor Center at
www.investors.dupont.com. In reviewing this information, please also refer to
the company's report on Form 10-Q for the period ending Sept. 30, 2012,
specifically its disclosures regarding customer claims and restructuring
charges.

DuPont (NYSE: DD) has been bringing world-class science and engineering to the
global marketplace in the form of innovative products, materials, and services
since 1802. The company believes that by collaborating with customers,
governments, NGOs, and thought leaders we can help find solutions to such
global challenges as providing enough healthy food for people everywhere,
decreasing dependence on fossil fuels, and protecting life and the
environment. For additional information about DuPont and its commitment to
inclusive innovation, please visit http://www.dupont.com.

Forward-Looking Statements: This news release contains forward-looking
statements which may be identified by their use of words like "plans,"
"expects," "will," "anticipates," "believes," "intends," "estimates" or other
words of similar meaning. All statements that address expectations or
projections about the future, including statements about the company's growth
strategy, product development, regulatory approval, market position,
anticipated benefits of acquisitions, outcome of contingencies, such as
litigation and environmental matters, expenditures and financial results, are
forward-looking statements. Forward-looking statements are not guarantees of
future performance and are based on certain assumptions and expectations of
future events which may not be realized. Forward-looking statements also
involve risks and uncertainties, many of which are beyond the company's
control. Some of the important factors that could cause the company's actual
results to differ materially from those projected in any such forward-looking
statements are: fluctuations in energy and raw material prices; failure to
develop and market new products and optimally manage product life cycles;
significant litigation and environmental matters; failure to appropriately
manage process safety and product stewardship issues; changes in laws and
regulations or political conditions; global economic and capital markets
conditions, such as inflation, interest and currency exchange rates; business
or supply disruptions; security threats, such as acts of sabotage, terrorism
or war, weather events and natural disasters; inability to protect and enforce
the company's intellectual property rights; and integration of acquired
businesses and completion of divestitures of underperforming or non-strategic
assets or businesses. The company undertakes no duty to update any
forward-looking statements as a result of future developments or new
information.

SOURCE DuPont

Website: http://www.dupont.com
Contact: Michael Hanretta, +1-302-774-4005, michael.j.hanretta@usa.dupont.com