REG-Dow Chemical Co Dow Announces $1.5 Billion Share Repurchase Program

Fri Feb 15, 2013 8:38am EST

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MIDLAND, Mich.--(Business Wire)--

The Dow Chemical Company (NYSE: DOW) announced today that its board of directors
has approved a share buy-back program, authorizing the repurchase of up to $1.5
billion of the Company's common stock. Purchases under this program may be made
over time in open market or privately negotiated transactions. 

"This repurchase program underscores the board's confidence in Dow`s earnings,
cash flow and growth potential as we continue executing against our strategic
agenda, and illustrates our ongoing commitment to increasingly reward
shareholders," said Andrew N. Liveris, Dow`s chairman and chief executive
officer. "Going forward, our three priorities for uses of cash will remain
consistent: further deleveraging, returning value to our shareholders and
investing for attractive, high-margin organic growth in our downstream

This represents the latest action in a series of measures Dow has taken to
increasingly reward shareholders. In 2012 the Company reported a 34 percent
increase in dividends declared per share versus 2011. 

About Dow

Dow (NYSE: DOW) combines the power of science and technology 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 2012, Dow had annual sales of $57 billion and
employed approximately 54,000 people worldwide. The Company's more than 5,000
products are manufactured at 188 sites in 36 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 

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

For editorial information:
The Dow Chemical Company
Rebecca Bentley
+1 (989) 638-8568
Nancy Lamb
+1 (989) 638-7251

Dow Chemical Co 

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