Dow Announces Global Launch and Commercial Availability of ETHOCEL™ High Productivit

A Solvent-Free Advanced Productivity Technology for Barrier Membrane Coatings

Philadelphia, PA: Tuesday, June 21, 2016 - November 07, 2016

Dow Pharma & Food Solutions, a business unit of The Dow Chemical Company (NYSE: DOW), today announced the official global launch and commercial availability of ETHOCEL™ High Productivity (HP) a high productivity ethylcellulose polymer for multiparticulate and taste-masking applications, designed specifically for use with rotor coater systems. The product is commercially available exclusively through Colorcon Inc. (Colorcon), as part of the Dow and Colorcon Controlled Release Alliance.

“The global commercial launch of ETHOCEL™ HP is an exciting development for our customers, who continue to demand more efficient, sustainable solutions to help improve their products and their manufacturing,” said Marc Van Gerwen, business director for Dow Pharma & Food Solutions. “From idea to market – all in less than two years – ETHOCEL™ HP is another example of Dow’s cutting edge innovation and speed to market.”

A more sustainable alternative for pharmaceutical companies, dry coating with ETHOCEL™ HP offers shorter coating times for barrier membranes, at higher efficiencies and without the need for solvents. Use of ETHOCEL™ HP has shown a step improvement in coating time, proving to be 70% faster than traditional solvent and aqueous spray coating systems, with consistent 98-99% coating efficiency in lab trials conducted by Dow. Removing the solvent from the coating process allows opportunities for cost reduction and improved operational safety.

“ETHOCEL™ HP is a safe, fast, efficient polymer solution for formulators developing multiparticulate applications with rotor coater systems,” said Avani Patel, Dow Pharma and Food Solutions Global R&D Director. “It can help customers improve productivity from R&D through scale-up to manufacturing.”

, together in the Controlled Release Alliance, bring joint resources in polymer and formulation expertise to accelerate your pharmaceutical product development efforts and reach markets throughout the world. Colorcon has exclusive, global sales and distribution rights for Dow products used in controlled release applications, including ETHOCEL™ HP.

“ETHOCEL™ HP complements our existing product portfolio for barrier membrane applications, which includes the traditional ETHOCEL™ grades, as well as an aqueous-based system, Surelease, ethylcellulose dispersion type B NF,” said Jayesh Parmar, General Manager for Dow products at Colorcon. He adds, “by providing a solvent-free solution we are able to offer our customers a more efficient coating process and extend the range of technical solutions we provide.”

Dow partnered with Freund-Vector, one of the leading designers and manufacturers of processing equipment and services for powders, tablets and other solid forms, during the development of this product to ensure that ETHOCEL™ HP was tailor-made for the rotor coater technology.

Visit www.dowpharmasolutions.com for my information on ETHOCEL™ and www.colorcon.com for information on sampling and purchase.

About Dow Pharma & Food Solutions

Dow Pharma & Food Solutions designs differentiated solutions that enable pharmaceutical delivery & nutritional benefits to customers around the world. A business of Dow Consumer Care portfolio, Dow Pharma & Food Solutions offers a single interface to all Dow technologies and expertise focused on solutions serving the pharmaceutical and food manufacturing markets. We provide functional excipients, active pharmaceutical ingredients (APIs) and highly functional food ingredients to help consumers live healthier, more convenient and enjoyable lives. Dow Pharma & Food Solutions employs 1,200 people across nine sites and 15 manufacturing plants, with six cGMPs, serving customers in around 160 countries.

About Dow

Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from material, polymer, chemical and biological science to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow's integrated, market-driven, 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 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2015, Dow had annual sales of nearly $49 billion and employed approximately 49,500 people worldwide. The Company's more than 6,000 product families are manufactured at 179 sites in 35 countries 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.

About Colorcon

Colorcon is a world leader in the development, supply and technical support of specialty excipients: formulated film coating systems, modified release technologies, and functional excipients for the pharmaceutical industry. Our best‐in‐class products and technologies are complemented by our extensive application data and value‐added services to support all phases of solid oral dose design, development and manufacture. Our focus on market issues and technology development has earned Colorcon an international reputation as a pharmaceutical supplier of choice. That reputation is based on superior product quality, unparalleled technical support, extensive regulatory assistance and reliable supply from multiple locations. Colorcon currently has 10 manufacturing facilities (including six film coating sites), 19 technical service laboratories globally and more than 1200 employees exclusively dedicated to its customer base. For more information, visit www.colorcon.com.