Dow MDI Hike

January 20, 2017

MDI Price Action

Dear Valued Customer:

Effective February 15, 2017, or as contracts allow, The Dow Chemical Company
(“Dow”) will increase its price $0.06/pound for all market segments in the United States
for the following products:

• PAPI

• ISONATE

• ISOBIND

Your Dow sales representative will be contacting you in order to answer any questions
you might have and to review your sales plan volumes.

Dow appreciates your business, and we look forward to our continued relationship.