Amsterdam, the Netherlands, April 22, 2008 - The meeting of
shareholders of Akzo Nobel (Euronext Amsterdam: AKZ) today adopted
the 2007 financial statements and approved the dividend for the 2007
financial year at EUR 1.80 (2006: EUR 1.20) per common share.
 
This results in a dividend payment of EUR 472 million, representing a
payout ratio of 45.5% relative to net income before incidentals. An
interim dividend of EUR 0.40 was paid in October 2007, which means
the final dividend will be EUR 1.40 per share. The final dividend
will be made payable from May 7, 2008, and Akzo Nobel shares will be
traded ex-final dividend on Euronext Amsterdam from April 24, 2008.
Record date is April 28, 2008.
 
Changes in the Supervisory Board
At today's meeting, shareholders appointed Mr. Peter Ellwood, former
Chairman of ICI, former Group Chief Executive of Lloyds TSB Group and
former Chairman of the Board of Vista International. Akzo Nobel is
very pleased that Mr. Elwood, with his in-depth knowledge of ICI and
his valuable experience in the international business community, has
agreed to contribute to a successful integration of ICI's businesses
and to the future of Akzo Nobel.
 
Shareholders also reappointed Baroness Bottomley and Mr. Dolf van den
Brink as members of the Supervisory Board. Baroness Bottomley has
been a member since 2000, and Mr. van den Brink has been a member
since 2004, and since January 2006 he acts as Chairman of the Audit
Committee.
 
Changes in the Board of Management
Mr. Keith Nichols, presently Senior Vice-President of Finance, was
appointed to the Board of Management to succeed Mr. Frohn as the CFO
of Akzo Nobel with effect from May 1, 2008. Mr. Nichols played a key
role in structuring, financing and executing the acquisition of ICI
and is very well placed to lead the finance team in successfully
integrating ICI in a disciplined fashion and help deliver against
Akzo Nobel's future targets. Mr. Nichols joined Akzo Nobel in
December 2005 from Corus Group plc where he held the position of
Group Treasurer, bringing extensive international finance experience.
Prior to joining Corus, he held a number of senior finance positions
within the TNT Post Group.
 
Mr. Leif Darner and Mr. Rob Frohn were both reappointed for a
four-year term. Mr. Frohn will take over as the Board of Management
member responsible for all Specialty Chemicals businesses as from
May 1, 2008. Having worked most of his career in Akzo Nobel's
Chemicals' businesses, Mr. Frohn joined the Board of Management in
2004. Prior to that he managed the Surface Chemistry business unit.
 
Mr. Darner, currently the Board of Management member responsible for
the Chemicals and the Decorative Coatings business, will take over as
the Board member responsible for all Performance Coatings businesses.
Mr. Darner joined Akzo Nobel's Board of Management in 2004. Before
that he was the business unit manager for Marine & Protective
Coatings. Coming originally from Courtaulds, the British company
acquired by Akzo Nobel in 1998, Mr. Darner's knowledge and experience
will be invaluable in further developing Akzo Nobel's worldwide
number one position in the area of Performance Coatings.
 
- - -
 
 
Note for the editor
Akzo Nobel is one of the world's leading industrial companies. We are
the largest global coatings manufacturer and the number one in
decorative paints and performance coatings, as well as being a major
worldwide supplier of specialty chemicals.
We employ around 60,000 people in more than 80 countries and are
committed to developing innovative products and cutting-edge
sustainable technologies. We endeavor to deliver whatever our
customers require, wherever and whenever they need it. Based in the
Netherlands, Akzo Nobel is a Fortune Global 500 company and is listed
on the Euronext Amsterdam stock exchange. We are the Chemicals
industry leader on the Dow Jones Sustainability Indexes, as well as
being included on the FTSE4Good Index. Pro forma combined revenue for
2007 totaled EUR 14.4 billion. The financial results for the first
quarter will be published on May 7, 2008.
 
Internet: www.akzonobel.com
 
Not for publication - for more information
Akzo Nobel nv
Corporate Media Relations, tel. +31 20 502 7833                  
Corporate Investor Relations, tel. +31 20 502 7854
Contact: Tim van der
Zanden                                                  Contact: Dick
Luijckx
 


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