Ramesh Ramachandran named President and Chief Executive Officer of MEGlobal and Equipolymers

Dubai — January 5, 2010 — Ramesh Ramachandran, president and chief executive officer (CEO) Dow Chemical International Private Limited (Dow India), has been named to the simultaneous roles of president and CEO for MEGlobal™ and Equipolymers, The Dow Chemical Company's (Dow) joint ventures with Petrochemical Industries Company (PIC) of Kuwait. Ramachandran will replace Henry Roth, current president and CEO of MEGlobal and Equipolymers, who has been named president for Dow Chemical Middle East.

The appointment is effective January 1, 2010 and Ramachandran will relocate from Mumbai, India to the MEGlobal headquarters in Dubai, United Arab Emirates. Ramachandran will report to the MEGlobal Board and Equipolymers Boards of Directors.

A chemical engineer by training, Ramachandran earned his Doctorate in surface and colloid chemistry from Columbia University, New York and has several publications and patents to his credit. He has spent his entire career in the chemical industry, initially as an analytical chemist before moving into the commercial side of the business holding product and marketing manager roles for a wide variety of business units.

Ramachandran joined Dow in 2001, as business director in the performance chemicals division for the acrolein derivatives, divynyl benzene, ENB and specialty ketones businesses. He moved to Houston in 2003 to take over responsibility as business director for Dow's hydrocarbons division in the United States. Ramachandran relocated to Calgary in Alberta, Canada, in 2004 assuming the role of president of Dow Chemical Canada Inc. and continuing his role as business director of Dow Hydrocarbons. As president, he was also a member of the board of directors of Petromont Inc., a joint venture between Dow Chemical Canada Inc. and the Quebec Investment Group. During his tenure in Canada, Ramachandran was presented with the Alberta Centenary Citizen award in 2005 for contributions to the petrochemical industry in Alberta. Ramachandran returned to the US in 2006 to Dow's headquarters in Midland, MI to take the role of senior director of global strategic planning and business analysis. He was appointed to his role in India in October 2007.

Ramachandran serves on the board of Waterhealth India Pvt Ltd., a non-government organization (NGO) active in providing drinking water solutions through the use of technology, and is also an advisory committee member for the Habitat for Humanity (IndiaBUILDS) program. In 2008 Ramachandran was awarded the Asian Paints Padma Bhushan Dr. RA Mashelkar Medal and Chemcon Distinguished Speaker Award for Leadership at Chemcon, organized by the Indian Institute of Chemical Engineers, recognizing his efforts taken in developing products and solutions addressing energy and sustainability. In 2009, Ramachandran received an honorary fellowship from the Maharashtra Academy of Sciences in recognition of his outstanding contribution to management sciences.

Ramachandran holds a Masters of Business Administration (MBA) degree in finance from Rutgers University in New Jersey, USA, and a Doctorate (PhD) in chemical engineering and applied science from Columbia University, New York, USA.

About MEGlobal
MEGlobal is a world leader in the manufacture and marketing of merchant monoethylene glycol and diethylene glycol (EG). Established in July 2004, the company is a joint venture between The Dow Chemical Company and Petrochemical Industries Company of Kuwait and is headquartered in Dubai, United Arab Emirates. MEGlobal produces about 1.0 million metric tons per year of EG, and markets in excess of 2.5 million metric tons of EG per year. With approximately 200 employees worldwide, MEGlobal serves customers around the world, and has production facilities in Fort Saskatchewan and Prentiss, Alberta, Canada. EG is used as a raw material in the manufacture of polyester fibers, polyethylene terephthalate resins (PET), antifreeze formulations and other industrial products.

About Equipolymers
Equipolymers manufactures and markets polyethylene terephthalate resins (PET), whilst producing purified terephthalic acid (PTA). PET is a high quality plastic for use in the packaging industry and in particular for the production of beverage, food and other liquid containers. PTA is a key raw material for the production of PET. Equipolymers serves customers globally and is headquartered in Horgen (Zurich), Switzerland. Production facilities include PET and PTA plants in Ottana, Italy, and two PET plants in Schkopau, Germany.

About The Dow Chemical Company
Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in approximately 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. In 2008, Dow had annual sales of $57.4 billion and employed approximately 46,000 people worldwide. The Company has 150 manufacturing sites in 35 countries and produces approximately 3,300 products. On April 1, 2009, Dow acquired Rohm and Haas Company, a global specialty materials company with sales of $10 billion in 2008, 98 manufacturing sites in 30 countries and approximately 15,000 employees worldwide. 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.

About Petroleum Industries Company
As part of the Kuwait Petroleum Corporation family, PIC is at the heart of the national strategy to maximize the value of Kuwait's hydrocarbon resources, and is focused on increasing its petrochemical contributions. It is focused on strategic growth inside and outside Kuwait through diversification, further use of strategic alliances, as well as pursuing successful joint ventures such as EQUATE, GPIC and TKOC. More information is available at www.pic.com.kw.