Multiple Dow Price Increase Announcements

October 28, 2020

TDI PRICE INCREASE

Effective November 15, 2020, or as contracts allow, The Dow Chemical Company,
on behalf of itself and its applicable consolidated subsidiaries (“Dow”), will increase
off-list prices by the amounts listed below on all grades and package types of the
following TDI product in North America:

VORANATE US $0.10 / lb

Polyol PRICE INCREASE

Effective November 15, 2020, or as contracts allow, The Dow Chemical Company, on
behalf of itself and its applicable consolidated subsidiaries (“Dow”), will increase off-list
prices by the amounts listed below on all grades and package types of the following
Polyol products in North America:

VORANOL US $0.04 / lb
VORALUX US $0.04 / lb
SPECFLEX US $0.04 / lb

MDI PRICE INCREASE

Effective November 15, 2020, or as contracts allow, The Dow Chemical Company, on
behalf of itself and its applicable consolidated subsidiaries (“Dow”), will increase off-list
prices by the amounts listed below on all grades and package types of the following
MDI products in North America:

ISONATE US $0.05 / lb.
ISOBIND US $0.05 / lb.
PAPI US $0.05 / lb.

MDI TRUCK PRICE AND LEAD TIME INCREASE

Effective November 1, 2020, or as contracts allow, The Dow Chemical Company, on
behalf of itself and its applicable consolidated subsidiaries (“Dow”), will increase prices
of bulk truck and packaged shipments by the amounts listed below of the following MDI
products in North America:

ISONATE US $0.05 / lb.
ISOBIND US $0.05 / lb.
PAPI US $0.05 / lb.

Effective immediately, Dow will be increasing lead times by an additional 2 business
days versus previously communicated lead time on all cited above MDI products for all
grades and package types in North America.

Thank you for your continued business with Dow. Please contact your Account
Manager if you have any questions related to this communication.