AkzoNobel announces repurchase of shares to neutralize stock dividends paid in 2016

AkzoNobel will repurchase up to 2.5M ordinary shares, which, based on the closing price of AkzoNobel shares on December 12, 2016, would be equivalent to approximately €150M.

The purpose of the programme is to neutralise the dilutive effect of stock dividends paid in 2016. Subject to shareholder approval it is intended the shares will be cancelled during the course of 2017. AkzoNobel has engaged a third party to manage the programme and execute the transactions on its behalf. This share repurchase programme will start on January 2, 2017 and is anticipated to be concluded by the end of April 2017.

In accordance with regulations, AkzoNobel will inform the market about the progress made in the execution of this programme through weekly updates at https://www.akzonobel.com/for-investors/shares/share-buyback-overview