MEGlobal Reaches 5 Year Milestone

June 30, 2009

DUBAI, UAE – (June 30, 2009) – MEGlobal, a world leader in the manufacture and marketing of ethylene glycol (EG), will celebrate five years of operation July 1, 2009. The company was formed in 2004, a joint venture of two of the world's leading chemical producers, The Dow Chemical Company and Petrochemical Industries Company (PIC).

"MEGlobal has proved to be a very successful and strategic joint venture, said Henry Roth, president & CEO of MEGlobal. "Reaching our five-year anniversary is a testament to the commitment of MEGlobal employees around the globe. We have achieved a leadership position in the marketplace through our innovation, market expertise and sole focus on EG."

MEGlobal is headquartered in Dubai, United Arab Emirates, with just over 200 employees worldwide and has production facilities in Fort Saskatchewan and Prentiss, Alberta, Canada. MEGlobal serves customers around the world, bringing more than 70 years of global experience and expertise in the development, manufacturing, supply and marketing of this versatile product.

"At MEGlobal we understand sustainability is a global challenge. We strive for a balance between business growth, safe operations and healthy communities," said Roth. "We are committed to minimizing environmental impact and protecting our resources in order to preserve for future generations. As part of MEGlobal's 2012 Goals, we are committed to using resources more efficiently, providing value to our key stakeholders, and delivering solutions to meet customer needs."

About MEGlobal
MEGlobal™ is a world leader in the manufacture and marketing of merchant monoethylene glycol and diethylene glycol, collectively known as ethylene glycol (EG). Headquartered in Dubai, United Arab Emirates, MEGlobal markets EG which is used as a raw material in the manufacture of polyester fibers, polyethylene terephthalate resins (PET), antifreeze formulations and other industrial products. With approximately 200 employees worldwide, MEGlobal operates production facilities in Fort Saskatchewan and Red Deer in Alberta, Canada. MEGlobal is a 50:50 joint venture between The Dow Chemical Company and Petrochemical Industries Company (PIC) of Kuwait. Further information can be found at www.meglobal.biz.

About The Dow Chemical Company
With sales of $58 billion in 2008 and 46,000 employees worldwide, 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 around 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. On April 1, 2009, Dow acquired Rohm and Haas Company, a global specialty materials company with sales of $10 billion in 2008 and 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.

For additional editorial information, please contact:
Nancy Fullerton, MEGlobal Communications Leader, +971 050 600 1033 (Dubai), +1 517-304-4695 (US cell), nfullerton@dow.com
Vanessa Horn, Gibbs & Soell, +1 847 519 9150, vhorn@gibbs-soell.com