1 ™ Living. Improved daily.. 2 Agenda u About Dow u Our Mission, Objectives and Strategic Direction u Our Finance Organization u Careers in Dow/Dow AgroSciences.

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Living. Improved daily.

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Agenda

About Dow

Our Mission, Objectives and Strategic Direction

Our Finance Organization

Careers in Dow/Dow AgroSciences Finance

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About The Company Founded in 1897 by Herbert H. Dow in

Midland, Michigan Produced first product for fruits and

flowers, giving rise to the agricultural chemicals division in 1906

Expanded internationally with the organization of Dow Chemical Canada LTD. in 1942

Established Asahi-Dow, Ltd., Dow’s first overseas subsidiary in 1952

Opened offices in Europe and Mexico in 1957

Sales outside the U.S. accounted for 25% in 1966

Completed merger with Union Carbide Corp. Feb 2001

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Dow Today Dow is a leading science and technology

company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets

Annual sales of approximately $30 billion Invest $1 billion in R&D/year >50,000 employees around the world 171 manufacturing sites in 35 countries Serve customers in >170 countries

Ranked #50 on 2001 Fortune 500 (following merger with Union Carbide)

Largest chemical company in the world

5* Excluding Oil & Gas and Pharmaceuticals

$0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000

ICI

BP Amoco*

Shell Chemical

Mitsubishi Chem.

TotalFinaElf*

Bayer*

ExxonMobil*

BASF*

DuPont*

US$ millions

Source: Company Reports

Global Chemical IndustryTop 10 Chemical Producers

2000 Chemical Sales

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United States

43%

Rest of World

27%

Europe30%

2000 Sales by Geographic Area(in millions)

$12,787$8,005

$8,742

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THE DOW CHEMICAL COMPANY

Geographic Areas

Midland,Midland,MichiganMichigan

NORTH NORTH AMERICAAMERICA

LATIN AMERICALATIN AMERICA

Sao Paulo,Sao Paulo,BrazilBrazil

Hong KongHong Kong

Horgen, Horgen, SwitzerlandSwitzerland

PACIFICPACIFIC

EUROPEEUROPE

• 171 Mfg Sites / 50,000 Employees• in 35 Countries• serving Customers in >170 Countries

■ Area Headquarters

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Dow’s Operating SegmentsOperating Segments Businesses % of Sales

Performance Plastics PolyurethanesEpoxiesEngineering PlasticsFabricated ProductsDow Automotive

26%

Performance Chemicals Emulsion PolymersSpecialty Chemicals

18%

Agricultural Products Dow AgroSciences 8%

Plastics PolyethylenePolypropylenePolystyreneRubber

24%

Chemicals ChemicalsEO/EG

14%

Hydrocarbons & Energy Hydrocarbons & Energy 9%

Unallocated & Other Growth Platforms 1%

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Our Mission, Objectives Our Mission, Objectives and Strategic Directionand Strategic Direction

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The Dow Chemical CompanyThe Dow Chemical Company

To constantly improve what is To constantly improve what is essential to human progress by essential to human progress by mastering science and technologymastering science and technology

Fundamental to our success are the Fundamental to our success are the Values we believe in and practice.Values we believe in and practice.

PeoplePeople are the source of our are the source of our success. We treat one another with success. We treat one another with respect, promote teamwork, and respect, promote teamwork, and encourage personal freedom and encourage personal freedom and growth. Leadership and excellence in growth. Leadership and excellence in performance are sought and rewarded.performance are sought and rewarded.

Customers Customers are the reason we are the reason we exist. They receive our strongest exist. They receive our strongest commitment to meet their needs.commitment to meet their needs.

Our Our Products Products and and Services Services reflect dedication to quality, innovation reflect dedication to quality, innovation and value.and value.

Our Our ConductConduct demonstrates demonstrates integrity and commitment to ethics, integrity and commitment to ethics, safety, health and the environment.safety, health and the environment.

To be the best at applyingTo be the best at applyingchemistry to benefitchemistry to benefitcustomers, employees,customers, employees,shareholders and societyshareholders and society

VisionVision

MissionMission

ImplementationImplementation

ValuesValues

CompetitiveCompetitiveStandardStandard

Value GrowthValue Growth

CultureCulture

ProductivityProductivity

Strategic ObjectivesStrategic Objectives

Performance ObjectivesPerformance Objectives

Maximize shareholder value of a growing Maximize shareholder value of a growing portfolio of science-related businessesportfolio of science-related businesses

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Dow’s Objective

To be the most productive,

best value growth

chemical company

in the world...

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Transformation

Phase I - Complete

Phase II - Implementing

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Transformation (continued)

Phase I: 1993-1999 Objectives:

World competitive More consistent earnings Improved financial performance across cycle Financial flexibility Positioned for growth

Achieved: Low cost/world leadership positions Stronger portfolio Economic profit at trough pricing 4% ROC spread since 1995 Positioned for growth… Ready for Phase II

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Transformation (continued)

Phase II Accelerate growth in revenue, earnings and

value Three critical initiatives:

Six Sigma Diversity Value growth through new business development and

acquisitions

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Our Finance OrganizationOur Finance Organization

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Dow Chemical Finance Organization

InsuranceCompaniesInsurance

Companies

PortfolioInvestmentsPortfolio

Investments

TaxTax

M&AM&A

ControllersControllers

InvestorRelations

InvestorRelations

Executive Vice Presidentand CFO

Executive Vice Presidentand CFO

AuditingAuditing

TreasuryTreasury

Strategic Planning& Business Analysis

Strategic Planning& Business Analysis

Finance Directors

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Dow / DAS Believes in and Supports:

Continuous Learning

Career and Leadership Development

Work / Family Balance

Pay for Performance

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Dow / DAS offers a Competitive Total Compensation Package Total compensation includes:

Base pay, variable pay, benefits, pension Salaried Employee Savings Plan (401K)

with Company match Generous Vacation Policy Health & Fitness Programs Educational Assistance Programs Stock Purchase Plan Relocation Policy

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Additionally, we offer...

Comprehensive training to broaden skills and horizon

Formal mentoring program Multi-dimensional / customized career paths

Technical People management Multi-function finance organization Business analysis

Global job opportunities

New hire job rotation programs

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New Hire Job Rotation Programs

Business Controllers, Cost,

Auditing, Treasury,Corporate Reporting,Corporate Controllers,

Operations,Tax, Strategic Planning,

Risk Management

Business Controllers, Cost,

Auditing, Treasury,Corporate Reporting,Corporate Controllers,

Operations,Tax, Strategic Planning,

Risk Management

Ongoing Opportunities

3 AssignmentsAccounting ( 5 - 8 years)MBA (3 years)

Training

Mentoring

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Careers in Finance

Highly competitive with careers in Public Accounting and other industries

Opportunity to reach top financial jobs

VP & Controller Corporate Auditor Accounting Director Systems and Process Controller Support Services Controller Business Finance Director Corporate Reporting Controller

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What Skill Sets are Important?

Strong technical knowledge Initiative Leadership potential Innovative Interpersonally effective Team player Analytic capability Internationally effective Solid technology background

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Why Dow / DAS? Chance to contribute from day one Can experience varied and diverse jobs

through rotational assignments and the use of Dow / DAS deployment system

Ability to develop your career based on your personal interests and skills

Be part of a diverse team that is united by our focus on a common business strategy and a commitment to excellence and innovation!

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2001/2002 Hiring Targets - Dow Chemical North America

Full Time 7-14 Bachelor or Master degreed

accountants per year

6 - 12 MBA degreed candidates per year

Internships

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Also visit us ...

Oct 9 - Campus Interviews for Full- Time Positions

Nov 28 - Accounting Roundtables

Dec 5 - Campus Interviews for Summer Internship Positions

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For further information...

VISIT OUR WEBSITES

www.dow.com

www.dowagro.com

www.careersatdow.com

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Living. Improved daily.