Equipolymers Announces New President & CEO

Horgen, SWITZERLAND – April 6, 2009 – Equipolymers has announced the retirement of President & CEO, Graham Fox, effective March 31, 2009. Succeeding Fox as President and CEO will be Henry Roth, currently President & CEO of MEGlobal, based in Dubai, UAE. Roth will retain his role at MEGlobal in addition to the new responsibility with Equipolymers. Both companies are 50/50 joint ventures of The Dow Chemical Company (Dow) and Petrochemical Industries Company (PIC), a wholly owned subsidiary of Kuwait Petroleum Corporation. The organizations will remain separate legal entities. Roth assumed his additional responsibilities as of April 1, 2009.

"We anticipate a seamless experience for these companies under Henry Roth’s leadership," said Juan Luciano, Senior Vice President, Hydrocarbons and Base Plastics with The Dow Chemical Company. "Henry’s vast joint venture experience and familiarity with these two organizations make him ideally suited to assume this additional responsibility."

"Henry’s appointment to this role is a logical next step with Graham retiring," said Maha Hussain, Chairman and Managing Director of PIC. "There are already many synergies between the two organizations and this move will help us to manage both companies more efficiently during this challenging economic period."

Roth joined Dow in 1977 and held a series of leadership roles in sales and marketing in several Plastics and Chemicals businesses. His Dow career has brought him to various locations in Europe, Africa and the U.S. In 1993, he became Business Manager, Polystyrene in Europe and, in 1996, moved to the Hydrocarbons & Energy Business as Business Director, Olefins in Europe. In 1999, he was named Dow’s Global Purchasing Director for Raw Materials Chemicals. He was named to his EQUATE Senior Vice President role in July 2001, where he represented Dow’s interest within the EQUATE joint venture and shared executive responsibility with the CEO. He was also the President of EQUATE Marketing Company. He was named CEO of MEGlobal in March, 2006.

About MEGlobal
MEGlobal™ is a world leader in the manufacture and marketing of merchant monoethylene glycol and diethylene glycol, collectively known as ethylene glycol (EG). Headquartered in Dubai, United Arab Emirates, MEGlobal markets approximately 3.5 million metric tons of EG per year which is used as a raw material in the manufacture of polyester fibers, polyethylene terephthalate resins (PET), antifreeze formulations and other industrial products. With approximately 200 employees worldwide, MEGlobal operates production facilities in Fort Saskatchewan and Red Deer in Alberta, Canada. MEGlobal is a 50:50 joint venture between The Dow Chemical Company and Petrochemical Industries Company (PIC) of Kuwait. Further information can be found at www.meglobal.biz.

About Equipolymers
Equipolymers manufactures and markets polyethylene terephthalate resins (PET), whilst producing purifiedterephthalic acid (PTA). PET is a high quality plastic for use in the packaging industry and in particular for the production of beverage, food and other liquid containers. PTA is a key raw material for the production of PET. Equipolymers serves customers globally and is headquartered in Horgen (Zurich), Switzerland. Production facilities include PET and PTA plants in Ottana, Italy, and two PET plants in Schkopau, Germany.

About The Dow Chemical Company
With annual sales of $58 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. 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.

About Petrochemical Industries Company (PIC)
PIC is one of six specialized subsidiaries of the state-owned Kuwait Petroleum Corporation (KPC). PIC represents the petrochemical arm of KPC and produces fertilizer and petrochemicals. PIC has invested in the modernization of its fertilizer complex in Kuwait and expects to reach one million ton per annum of granular urea production. PIC also runs a 100,000 tonne per annum polypropylene plant through an arrangement with EQUATE Petrochemical Company.

PIC is committed to carrying out its operations in accordance with best industry practice and to ensuring that its facilities comply with highest safety and environmental standards. For more information, visit www.pic.com.kw.

For editorial information:
Jan Huisman
Business Communications
Equipolymers
+41 44 728 3142
jhuisman@dow.com

Nancy Fullerton
Business Communications
MEGlobal
+971 (0)4 2923 917
nfullerton@meglobal.biz