2013-01-31 00:09:38 -

January 30, 2013

COVINGTON, Ky. - The board of directors of Ashland Inc. (NYSE: ASH) has declared
a quarterly cash dividend of 22.5 cents per share on the company's common stock.
The  dividend is payable March 15, 2013, to  shareholders of record at the close
of   business   on   February  15, 2013. As  of  December  31, 2012, there  were
78,979,725 shares of Ashland common stock outstanding.

In  more than 100 countries, the people of  Ashland Inc. (NYSE: ASH) provide the
specialty  chemicals, technologies and insights to help customers create new and
improved  products  for  today  and  sustainable  solutions  for  tomorrow.  Our
chemistry  is at   work every  day in a wide  variety of markets and applications,
including  architectural  coatings,  automotive,  construction, energy, food and
beverage,  personal care, pharmaceutical, tissue and towel, and water treatment.
Visit  ashland.com to see  the innovations we  offer through our four commercial
units  -  Ashland  Specialty  Ingredients,  Ashland  Water Technologies, Ashland
Performance Materials and Ashland Consumer Markets.

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C-ASH

FOR FURTHER INFORMATION:
Media Relations:
Gary Rhodes
+1 (859) 815-3047
glrhodes@ashland.com

Investor Relations:
Jason Thompson
+1 (859) 815-4454
jlthompson@ashland.com




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Source: Ashland Inc. via Thomson Reuters ONE
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