Akzo Nobel share buyback program (week 30)
Arnhem, the Netherlands, July 30, 2007 - Akzo Nobel (Euronext Amsterdam: AKZ; Nasdaq: AKZOY) has announced that, in line with the launch of its EUR 1.6 billion share buyback program on May 3, 2007, the company has repurchased 1,618,000 common shares in the period July 23 until July 27, 2007. Shares were repurchased at an average price of EUR 62.30 for a total amount of EUR 100.1 million.
For detailed information on the daily repurchased shares, see the Akzo Nobel website at www.akzonobel.com/com/Investor+Relations/Financial+FAQ.
The total number of shares repurchased under this program to date is 16,581,033 common shares for a total consideration of EUR 1.0 billion.
The completion of the share buyback program is expected by the end of 2007.
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Note to editors Akzo Nobel is a Fortune Global 500 company and is listed on both the Euronext Amsterdam and NASDAQ stock exchanges. It is also included on the Dow Jones Sustainability Indexes and FTSE4Good Index. Based in the Netherlands, we are a multicultural organization serving customers throughout the world with coatings, chemicals and human and animal healthcare products. We employ around 62,000 people and conduct our activities in these four segments, with operating subsidiaries in more than 80 countries. Consolidated revenues for 2006 totaled EUR 13.7 billion. The financial results for the third quarter will be published on October, 23, 2007.
Not for publication - for more information Akzo Nobel nv Corporate Media Relations, tel. +31 26 366 43 43 Contact: Tim van der Zanden