Ashland reports equity inducement award for new chairman and chief executive officer

January 2, 2015

COVINGTON,  Ky. - Ashland  Inc. (NYSE: ASH)  today reported, as  required by New
York  Stock  Exchange  rules,  an  equity  inducement  award  made to William A.
Wulfsohn, the company's newly appointed chairman and chief executive officer who
formally joined the company on January 1, 2015.

As  an inducement for  employment, and as  previously disclosed by  Ashland in a
Form 8-K filing with the Securities and Exchange Commission, Wulfsohn received a
one-time grant of time-vested restricted stock in the amount of 50,000 shares on
January 2, 2015. The grant was made outside of the company's current equity plan
-  the Amended and Restated  2011 Ashland Inc. Incentive Plan.  In the event his
employment terminates for reasons other than cause prior to the vesting of these
shares, Wulfsohn will be paid in cash an amount equal to the value of the shares
on  the date  of grant.  All grants  will be  subject to the requirements of the
company's stock ownership guidelines.

About Ashland
Ashland Inc. (NYSE: ASH) is a global leader in providing specialty chemical
solutions to customers in a wide range of consumer and industrial markets,
including architectural coatings, automotive, construction, energy, food and
beverage, personal care and pharmaceutical. Through our three commercial units -
Ashland Specialty Ingredients, Ashland Performance Materials and Valvoline - we
use good chemistry to make great things happen for customers in more than 100
countries. Visit ashland.com to learn more.
- 0 -

C-ASH

FOR FURTHER INFORMATION:

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

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



This announcement is distributed by GlobeNewswire on behalf of 
GlobeNewswire clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Ashland Inc. via GlobeNewswire
[HUG#1884192]