Dow Polyurethanes Completes Acquisition of Hyperlast Systems Business

Midland, MI - May 02, 2007

Dow Polyurethanes, a business group of The Dow Chemical Company (Dow), announced today that it has completed the acquisition of British Vita’s polyurethane systems business, Hyperlast Limited.  The Hyperlast acquisition includes elastomer systems enterprises in the United Kingdom and North America as well as Autothane Limited, a leading manufacturer of advanced automotive suspension components.

Dow announced its intention to acquire Hyperlast on March 5, pending regulatory approval. The acquisition supports Dow’s strategy to drive growth in its Performance portfolio in order to generate more consistent earnings.  The addition of Hyperlast expands Dow’s ability to produce innovative spray cast elastomers for the marine, engineering resin, oil and gas pipeline and automotive industries for its customers around the globe.

“Our acquisition of Hyperlast further underscores our commitment to provide our customers with the most advanced polyurethane system technologies. As a market leader in the polyurethanes industry, we continually strive to be at the forefront of industry innovation and development in order to offer our customers a broad portfolio of tailored solutions,” said Juan Antonio Merino, global general manager for Dow Polyurethane Systems.

Dow Polyurethane (PU) Systems is a leading global polyurethanes solutions provider, with 23 facilities located across Europe, Asia, Middle East and Africa, North and Latin America, where it develops high-performance, differentiated polyurethane system solutions for customers in a broad range of industries. Dow is also a leading producer of propylene oxide/propylene glycol (PO/PG), methyl diphenyl diisocyanate (MDI), toluene diisocyanate (TDI) and polyols, the raw materials used in the production of polyurethane systems, coatings, adhesives, sealants, and elastomers, as well as rigid, flexible and integral skin foams.

About Dow Polyurethane Systems

Dow Polyurethane Systems, a business within Dow Polyurethanes, is a global leader in the development and formulation of fully formulated polyurethane systems for a broad range of applications and is focused on providing innovative, tailor-made solutions to customers world-wide.  The business manufactures and markets custom formulated rigid and semi-rigid, flexible, integral skin, and microcellular polyurethane foams and fully formulated systems as well as elastomers, sealants, coatings and binders.  These products are used in applications ranging from construction, automotive, appliance, furniture and shoe soles to decorative molding and athletic equipment.  Focused on meeting the specific needs of customers in their local geographic region, Dow Polyurethane Systems operates a global network of 14 systems houses with manufacturing units and 7 service centers, supported by two research and development centers. For more information, please visit www.pusystems.com.

About Dow Polyurethanes

Dow Polyurethanes, a business group within The Dow Chemical Company, is the world's largest producer of polyether polyols, a leading producer of quality aromatic isocyanates, such as MDI and TDI, and a major supplier of propylene oxide, an essential component of polyether polyols. Dow's polyurethane products and formulated systems are used in rigid foams, flexible foams, adhesives, sealants, coatings, and elastomers, as well as many other applications. Dow also offers the latest in polyol technology with its VORANOL™ VORACTIV™ polyols, part of an ongoing initiative by Dow to lead the industry in providing high-performance products with reduced VOC-emissions. For more information, visit www.dowpolyurethanes.com and www.voractiv.com.

About Dow

®™* Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow


For Editorial Information:

Annalisa Gianantonio
Dow Italia S.R.L
+ 39 0248 224431

Sue Breach
Dow Chemical Limited
+ 44 1223 728019

Kellie Nolan
Gibbs & Soell GmbH
+ 41 44 2 055565