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1 1 Edward C. Greer The Dow Chemical Company Presented to 2013 Shale Gas Innovation Competition May 7, 2013

2 Combine the power of science and technology to passionately innovate what is essential to human progress 1897 Founded by Herbert H. Dow in Midland, Michigan ~160 Countries in which we serve customers More than 5,000 products are manufactured at 188 sites in 36 countries Approximately 54,000 employees worldwide 2

3 ELECTRONIC & FUNCTIONAL MATERIALS COATINGS AND INFRASTRUCTURE SOLUTIONS AGRICULTURAL SCIENCES PERFORMANCE MATERIALS PERFORMANCE PLASTICS FEEDSTOCKS AND ENERGY Dow Electronic Materials -Semiconductor Tech -Interconnect Tech -Display Technologies -Growth Technologies Functional Materials -Dow Wolff Cellulosics -Dow Consumer & Industrial Solutions -Dow Microbial Control JV : Dow Corning Corporation Dow Building & Construction Dow Coating Materials Dow Water & Process Solutions Performance Monomers JV: Dow Corning Corporation Dow AgroSciences -Agricultural Chemicals -Seeds, Traits & Oils -Crop Protection Amines Chlorinated Organics Dow Automotive Systems Dow Formulated Systems Dow Oil & Gas Dow Plastics Additives Epoxy Oxygenated Solvents Polyglycols, Surfactants & Fluids Polyurethanes Propylene Oxide/Propylene Glycol JV: Map Ta Phut JV: MEGLOBAL JV: Sadara Chemical Company Dow Elastomers Dow Electrical & Telecommunications Dow Hygiene & Medical Dow Performance Packaging JV: EQUATE Petrochemical Company K.S.C JV: The Kuwait Olefins Company K.S.C. JV: The SCG-Dow Group JV: Sadara Chemical Company Chlor-Alkali/Chlor-Vinyl Energy Ethylene Oxide/Ethylene Glycol Hydrocarbons JV: EQUATE Petrochemical Company K.S.C JV: The SCG-Dow Group JV: The Kuwait Olefins Company K.S.C 3

4 4 Dow R&D features an elite team of nearly 7,000 employees globally $7 billion net present value of R&D projects in commercialization 412 U.S. patents granted to Dow in 2012 More than 500 major projects for breakthrough technologies 100 years of R&D history Investing more than $25 million over 10 years at 11 leading U.S. universities Recognized as a top 100 Global Innovator by Thomson Reuters in 2012 One of the largest R&D investments programs in the industry at more than $1.7 billion for 2012

5 5 DOW CORPORATE VENTURING DOW VENTURE CAPITAL DOW EXTERNAL TECHNOLOGY DOW TECHNOLOGY LICENSING Responsibility: Create and manage a portfolio of technology options that position Dow to incubate new businesses, explore growth opportunities and enhance entrepreneurial innovation Screening Criterion: Technical strategic fit with Dow Responsibility: Provide private seed capital to fast growing start-up companies that match Dow’s growth objectives and to bring added value to our equity partners by connecting them with Dow businesses, resources and expertise Screening Criterion: Financial parameters Responsibility: Identify and leverage external science and technology resources to achieve Dow’s business and corporate objectives Screening Criterion: Strategic fit with Dow’s business and technology needs Responsibility: Manage the transfer of intellectual property or technology at Dow, including licensing-in and out, divestitures, acquisitions, mergers, alliances, and donations. Screening Criterion: Financial parameters

6  Identifies / analyzes new technologies and quantifies new market opportunities for Dow  Serves as an innovation pipeline to supply Dow with a flow of new concepts for evaluation  Seeks interaction with emerging technology sources, focusing on developing strategic relationships  Staff includes technical, commercial, and financial analysts  Uses Technology Scouting group to identify, interact with emerging technology-based opportunities 6

7 7 Invest for mutual value creation – for stakeholders and Dow Solid teams with defensible, compelling technologies and credible business models Across all stages of development – from seed to late stage Take an active role Lead deals or invest alongside strong lead investors Deploy Dow capabilities and resources where appropriate to add value to our portfolio companies Strategically diversify Prefer to keep cumulative investment below $25 million in any single company Able to exceed that amount when the investment case is sufficiently attractive

8 8 Opportunities to which Dow brings differentiating competitive advantage through partnering/investing: R&D: access to raw materials, testing, technical assistance, modeling, high throughput research, product development, intellectual property Marketing: access to global market channels, customers and their needs, business intelligence, Dow brand equity Manufacturing: access to global manufacturing resources, scale-up, supply chain Generally, these opportunities are based on innovations in materials or chemistry

9 9 Edward C. Greer Manager, Ventures & Business Development

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