Investor update Shanghai, China

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March 18, 2009 Investor update Shanghai, China

AkzoNobel China Key Facts • AkzoNobel have a long history in China with some of our first Performance Coatings companies established here as JV since the early 1980s • Over the years these businesses have grown bigger to now where 4 BU’s in China have more than 1,000 employees each • We grew the business in 2008 to €1,054 million • All together we have 6,300 employees in China • The Chinese government wants to show strength by saying “we can see the economic figures are stabilising already and recovering, which goes to show that the [government’s stimulus] policies have started to take effect,” Zhou Xiaochuan, China’s Central Bank Governor, said at a press conference

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AkzoNobel China Key Facts (2) • AkzoNobel is represented with all its businesses in China and the outlook varies between businesses • Hardest hit is export related businesses and businesses closely associated with the construction industry • We still expecting growth is possible in China • Adjustment have been made to the headcounts mainly in areas affected by export or as a consequence of the ICI Deco acquisition. However, overall the Chinese businesses added some 500 employees in 2008 • China have increased salary for employees albeit the increase is below the double digit figures seen in recent years

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AkzoNobel businesses in China

Decorative Paints

Performance Coatings

Specialty Chemicals

By geography:

By business units:

By business units:

•Asia Pacific

•Industrial Finishes •Powder Coatings •Marine & Protective Coatings •Car Refinishes •Packaging Coatings

•Functional Chemicals •Pulp & Paper Chemicals •Industrial Chemicals •Surfaces Chemistry •Polymer Chemicals

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AkzoNobel Shared Services in China In addition to the BU we have two Service units in the form of Regional HQ One in Shanghai where we have all standard back office functions • Legal/IP- Tax/Treasure- HR and communication One in Songjiang (close to Shanghai), where we have our Central R/D- Innovation center servicing BU with basic research

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27 AkzoNobel production locations in China Coatings Polymer - Tianjin Chemicals

Powder, Decorative – Langfang

Base, Functional – Taixing

Pulp & Paper - Suzhou

IF -Beijing

IF - Tianjin

Powder, Decorative, Car Refinishes – Suzhou

Marine & ProtectiveSuzhou Marine & ProtectiveShanghai

IF - Jiaxing Powder - Chengdu Powder - Ningbo Pulp & Paper - Guangzhou

Polymer - Ningbo

IF, Decorative – Guangzhou

Research, Development & Powder Innovation | CARG - Shenzhen Decorative – Shanghai

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Why China will grow and AkzoNobel with it • The stimulus involves transport and power installations • Disaster recovery is the Sichuan build up • Rural Development and Low rent housing • Environmental development (CO2 AND Energy saving) Chinese Stimulus Plan Decorative Paint Powder Coating Decorative Paint Functional Chemicals

Pulp & Paper Powder Coating Decorative Paint Industrial Finish

Protective Coating Car Refinish Coating Powder Coating Decorative Paint Functional Chemicals Infrastructure

Reconstruction

CARG + + Functional Chemicals Industrial Chemicals Rural

Environment

Small houses

R/D-I

Health 7

Decorative Paints in China China had growth in Decorative Paints revenue in 2008 China’s supply profile has changed in resent year City Tier

1

2

3

From

40%

40%

20%

To

22%

42%

36%

Our strong growth is a result of our efforts to expand in T3 cities The continued launch of innovative products meeting Chinese consumer needs help us gain market shares from our competitors in all tiers Decorative Paints does not own shops in China

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Performance Coatings in China •

We are world leaders in Performance Coatings and the leader in China

•

Our business did well including business driven by export but experienced some weakening in demand recently

•

We have also experienced soft demand in businesses related to the building sectors but this is expected to come back when the government stimulus package kicks in

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Specialty Chemicals in China • Overall we experienced growth in 2008 even we had softer demand in Q4Th • Our products are used as intermediates and are expected to be in demand given the fact that the Chinese economy is still expecting to growth.

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We are continuing to strengthen our local presence in China... Ningbo, phase I (approved, €275 million investment) • Infrastructure (2009) • Chelates (2009)

Ningbo

• Ethylene oxide (2010) • Ethylene amines (2010) • Organic peroxides (2010)

Ningbo, phase II • Cellulosic specialties • Ethylene amines, phase II • Metal alkyls • Coatings

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March 2009 China New Building Market

Development of China’s Newbuilding NB Deliveries (Y-O-Y) 35 >28

30

mln dwt

25 >19

20

China Ship News Clarkson

15 10 5 0 1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

Year

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

Clarkson

3.03

3.46

3.92

4.17

6.41

8.8

12.12

14.52

16.2

20.5

> 19.0

28.8

China Government

*** Source: Clarkson & IPS market intelligence & China ship news

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Estimated China NB Deliveries Estimated China NB Deliveries vs. Clarkson 90,000 76,973

80,000 70,000 60,000 50,000 40,000 30,000 20,000

A big gap between China’s expected output and Clarkson’s data due to insufficient NB capacity, cancellation and delayed, etc.

16,245

59,744

56,743 57,443

Re-ordering at this time to meet the market demand

50,245 33,456

22,156 15,250

20,494

10,000 0 2007 Act.

2008 Act.

2009

Clarkson 100% on time deliveries (k dwt)

2010

2011

2012

Estimated NB Deliveries (k dwt)

Note: Assuming 20% outright cancellations; 30% deliveries delayed 12 months; Delays effective immediately and Current orderbook only (no new orders)

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Brief Market Outlook HVI sub-segments in China:

• Airports

• Railway Stations

ƒ Tall Buildings

There are 4 major high-speed railway lines under design and construction in China (North/South)

We have identified 15 buildings in China that are under design

• Beijing-Shanghai

All of them are above 300 metres

(5 stations steel output between 4080K tones per station)

All of them designed by foreign architects and consultants

• Beijing-Guangzhou (5 stations steel as above) • Shanghai-Shenzhen (6 stations – steel average 30K tones) • Beijing-Harbin (3 stations – steel average 30K tones) East-West line with additional 6 stations – steel tonnage TBA 15

Safe Harbor Statement

This presentation contains statements which address such key issues as Akzo Nobel’s growth strategy, future financial results, market positions, product development, products in the pipeline, and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business please see our latest Annual Report, a copy of which can be found on the company’s corporate website www.akzonobel.com.

Investor update Shanghai, China - March 18, 2009

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