News Release

April 14, 2011 04:01 PM Eastern Daylight Time

Dow Board of Directors Declares an Increase in Dividend from 15 Cents to 25 Cents For the Second Quarter

MIDLAND, Mich.--(BUSINESS WIRE)--The Dow Chemical Company (NYSE: DOW) announced today that its Board of Directors has declared a 67 percent increase in the second quarter dividend, from $0.15 per share to $0.25 per share.

“This dividend increase clearly illustrates our Board’s commitment to increasingly reward our shareholders as we continue to grow earnings,” said Andrew N. Liveris, Dow’s chairman and chief executive officer. “The growth potential of our transformed enterprise was on full display in 2010. Our enhanced financial flexibility and robust portfolio of businesses make us well positioned to deliver sustainable growth, and today’s announcement further demonstrates Dow’s commitment to continue to enhance value for our shareholders, and to pursue a dividend policy that is reflective of a growth company long term.”

The dividend will be payable on July 29, 2011 to shareholders of record on June 30, 2011. This will mark the 399th consecutive cash dividend issued by the Company. Dow has paid its shareholders cash dividends every quarter since 1912.

About Dow

Dow (NYSE: Dow) combines the power of science and technology with the “Human Element” to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world’s most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow’s diversified 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 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2010, Dow had annual sales of $53.7 billion and employed approximately 50,000 people worldwide. The Company’s more than 5,000 products are manufactured at 188 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.

Note: The forward-looking statements contained in this document involve risks and uncertainties that may affect the Company’s operations, markets, products, services, prices and other factors as discussed in filings with the Securities and Exchange Commission. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental and technological factors. Accordingly, there is no assurance that the Company’s expectations will be realized. The Company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.