DOW: Dow Chemical Co: Dow Announces $1.5 Billion Share Repurchase Program

  DOW: Dow Chemical Co: Dow Announces $1.5 Billion Share Repurchase Program

UK Regulatory Announcement

MIDLAND, Mich.

The Dow Chemical Company (NYSE: DOW) announced today that its board of
directors has approved a share buy-back program, authorizing the repurchase of
up to $1.5 billion of the Company's common stock. Purchases under this program
may be made over time in open market or privately negotiated transactions.

"This repurchase program underscores the board's confidence in Dow’s earnings,
cash flow and growth potential as we continue executing against our strategic
agenda, and illustrates our ongoing commitment to increasingly reward
shareholders,” said Andrew N. Liveris, Dow’s chairman and chief executive
officer. “Going forward, our three priorities for uses of cash will remain
consistent: further deleveraging, returning value to our shareholders and
investing for attractive, high-margin organic growth in our downstream
businesses."

This represents the latest action in a series of measures Dow has taken to
increasingly reward shareholders. In 2012 the Company reported a 34 percent
increase in dividends declared per share versus 2011.

About Dow

Dow (NYSE: DOW) combines the power of science and technology to passionately
innovate what is essential to human progress. The Company connects chemistry
and innovation with the principles of sustainability to help address many of
the world's most challenging problems such as the need for clean water,
renewable energy generation and conservation, and increasing agricultural
productivity. Dow's diversified industry-leading portfolio of specialty
chemical, advanced materials, agrosciences and plastics businesses delivers a
broad range of technology-based products and solutions to customers in
approximately 160countries and in high growth sectors such as electronics,
water, energy, coatings and agriculture. In 2012, Dow had annual sales of
$57billion and employed approximately 54,000people worldwide. The Company's
more than 5,000 products are manufactured at 188sites in 36countries across
the globe. References to "Dow" or the "Company" mean The Dow Chemical Company
and its consolidated subsidiaries unless otherwise expressly noted. More
information about Dow can be found at www.dow.com.

^®TM Trademark of The Dow Chemical Company (“Dow”) or an affiliated company of
Dow

For editorial information:
The Dow Chemical Company
Rebecca Bentley
+1 (989) 638-8568
rmbentley@dow.com
or
Nancy Lamb
+1 (989) 638-7251
nelamb@dow.com

Contact:

Dow Chemical Co