Dow Announces Global Price Increase for FILMTEC Membranes

Minneapolis, MN - March 04, 2005

FilmTec Corporation, a subsidiary of The Dow Chemical Company, announced today a global price increase of 6% on all FILMTEC™ reverse osmosis and nanofiltration membranes effective on orders shipped after May 31, 2005.

Petrochemical and energy costs continue to increase significantly resulting in a need to cover higher raw material and manufacturing costs.

Dow continues to invest in the growing needs of the membrane industry, developing and offering products and services that enable the production of the highest quality water at the lowest total cost. In June 2004 FilmTec announced plans to more than double the size of its membrane manufacturing plant. The new facility will house additional membrane lines and fabrication cells, and will introduce further automation and new process capabilities to better meet the rapidly growing demands of the industry.

Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $40 billion, Dow serves customers in 175 countries and a wide range of markets that are vital to human progress: food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 43,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

For more information about FilmTec, visit www.filmtec.com.

For Editorial Information:

Kristina Schnepf
The Dow Chemical Company
(989) 636-9086

Sarah Madley
Gibbs & Soell, Inc.
(212) 697-2600