AkzoNobel has today confirmed that a fine of up to €40.6 million has
been imposed by the European Commission following an investigation
into price-fixing involving the company's former Tin Stabilizers
(1987-2000) and Esbo/Esters (1991-2000) businesses. These businesses
were divested in 2007.

The company has cooperated fully with the European Commission
throughout the investigation and will now analyze the merits of the
decision. The statutory period within which an appeal before the
Court of First Instance can be lodged is two months.

Given the company's pending review of the decision, AkzoNobel is
currently unable to provide any certainty or guidance relating to the
timing of ultimate payment and the final amount.

The company stresses that it has a strict zero tolerance policy
throughout AkzoNobel for any anti-competitive behavior. Its
compliance program is constantly updated to minimize the risks of
non-compliance with our high ethical standards.

- - -

AkzoNobel is proud to be one of the world's leading industrial
companies. Based in Amsterdam, the Netherlands, we make and supply a
wide range of paints, coatings and specialty chemicals - 2008 revenue
totaled €15.4 billion. In fact, we are the largest global paints and
coatings company. As a major producer of specialty chemicals we
supply industries worldwide with quality ingredients for life's
essentials. We think about the future, but act in the present. We're
passionate about introducing new ideas and developing sustainable
answers for our customers. That's why our 58,000 employees - who are
based in more than 80 countries - are committed to excellence and
delivering Tomorrow's Answers Today(TM).

Not for publication - for more information
Corporate Media Relations, tel. +31 20 502 7833
Corporate Investor Relations, tel. +31 20 502 7854
Contact: Tim van der
Zanden                                                  Contacts:
Huib Wurfbain and Ivar Smits

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