AkzoNobel (Euronext Amsterdam: AKZ) has announced that, in line with
the launch of its ?1 billion share buyback program on March 17, 2008,
the company has repurchased 1,206,983 ordinary shares in the period
May 12 until May 16, 2008. Shares were repurchased at an average
price of ?52.52.

The ?1 billion program is the first tranche of a ?3 billion share
buyback program.

The total number of shares repurchased under this program to date is
5,675,733 ordinary shares for a total consideration of ?303.1
million.

For detailed information on the daily repurchased shares, see the
AkzoNobel website at
http://www.akzonobel.com/investor_relations/share_buyback_overview/index.aspx

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Note to editors
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 - pro forma
2007 revenue totaled ?14.4 bln. 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 60,000
employees - who are based in more than 80 countries - are committed
to excellence and delivering Tomorrow's Answers Today.

Not for publication - for more information
Akzo Nobel nv
Corporate Media Relations, tel. +31 20 502 7833
Corporate Investor Relations, tel. +31 20 502 7856
Contact: Tim van der
Zanden Contact: Dick
Luijckx


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