Dubai, United Arab Emirates - May 28, 2008

The Dow Chemical Company (NYSE: DOW) reported sales of $14.8 billion for the first quarter of 2008*, with particularly strong demand in the India, Middle East and Africa (IMEA).

Dow's IMEA sales rose 26 percent from the same period last year to US$402 million, setting a new regional record. Price was up 11 percent, while volume increased 15 percent, the highest gain across all five of Dow's geographic areas.

Commenting on the Company's outlook, Dow's chairman and chief executive officer Andrew N. Liveris said: "Our outlook continues to reflect a strong international economy and a robust agricultural sector, which should counterbalance a soft U.S. economy. With more than two-thirds of Dow's sales and over 70 percent of our joint venture sales outside of the United States, our geographic balance provides a hedge against a further U.S. slowdown."

"The Middle East is rapidly becoming a global hub for the petrochemical industry as the region diversifies and enhances its economies," said John Dearborn, president, IMEA, The Dow Chemical Company. "The IMEA region at large is a major focal point for Dow's global plans as we see considerable opportunities here in the region for our products and services."

Dow has eight current and proposed Middle East joint ventures in the UAE, Egypt, Kuwait, Libya as well as in Saudi Arabia, where Dow and Saudi Aramco are in the negotiation phase for the formation of a joint venture company to build, own and operate a world-scale chemicals and plastics production complex in the Eastern Province. From the opening of its first commercial office in Cairo in the early 70s to its facility in Jebel Ali in Dubai and its 10 year partnership in Kuwait with EQUATE, Dow has established a solid presence in the Middle East petrochemicals industry.

Dow in the Middle East is committed to being an active community member and strongly supports the social and economic aspirations of the local communities in which it operates. Through the Company's strong alliances with organizations such as the Young Arab Leaders (YAL), Emirates Environmental Group (EEG) and Lothan Youth Achievement Center (LoYAC), Dow is committed to the betterment of the environment and humanity.

About Dow

With annual sales of $54 billion 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. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

*First quarter of 2008 refers to the three month period of January to March 2008.

For Editorial Information:

Hani Wassim
The Dow Chemical Company
t +971.4.332. 8866 / t +971.4.312. 3668 (office)

Gaya Subramaniam
GolinHarris
t +971.4.332.3308
gsubramaniam@golinharris.com