16 September 2011 To the Shareholders Dear Sir or Madam ...

AkzoNobel’s markets. In particular, AkzoNobel can fully utilise the Group’s networks and reputation to
further access the Korean-OEM mobile phone market and build on the Group’s strong position in the
German automobile supplier industry.
The Group’s product portfolios are complementary with AkzoNobel’s current portfolio, both in terms of
focus segments and geographic split. In addition, the acquisition of the Company offers an excellent
opportunity for AkzoNobel to significantly boost industrial coatings activities and increase its operations
in coatings for aluminium coil, a strength of the Company which currently comprises only a minor
portion of AkzoNobel’s business.
Intention of the Offeror with regard to the Company
The Offeror intends to eventually effect a merger with the Company and the Offeror intends to continue
the existing principal activities of the Group after closing of the Offer, subject to developing a plan to
achieve optimal integration of AkzoNobel’s other industrial coatings operations with the activities of the
Group in order to capture the commercial and strategic benefits and growth potential of the combined
businesses and to realize synergies (the ‘‘Integration Plan’’). The Offeror will assess all the relevant
aspects and through the Integration Plan determine the necessary arrangements to be made. The
Offeror expects no material change in the deployment of financial resources or fixed assets of the
Group in the near future and although the Offeror currently has no firm intentions to dispose of any
material assets or inject any assets or businesses into the activities of the Group, the Offeror does not
rule out the possibility that any of these element may form part of the Integration Plan that will be
developed after closing of the Offer. Capturing and developing the talents of employees is one of
AkzoNobel’s key values and this will be a cornerstone of the Integration Plan for the combined
businesses. The Offeror intends that the employment of the employees of the Group will be continued,
but the Offeror does not rule out that the future operational plan and Integration Plan for the combined
businesses will impact employees of the combined businesses of AkzoNobel and the Group in due
course. As at the Latest Practicable Date, no details of the Integration Plan had been finalized.
Sch I-3
(i), (ii), (iii)
INFORMATION ON THE OFFEROR
The Offeror is a wholly-owned subsidiary of AkzoNobel and was incorporated on 6 October 2010 under
the laws of Germany.
AkzoNobel is the largest global paints and coatings company and a major producer of specialty
chemicals. AkzoNobel supplies industries and consumers worldwide with innovative products and are
passionate about developing sustainable answers for its customers. AkzoNobel’s portfolio includes well
known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the
Netherlands, AkzoNobel is a Global Fortune 500 company and is consistently ranked as one of the
leaders in the area of sustainability. With operations in more than 80 countries, AkzoNobel’s 55,000
people around the world are committed to excellence and delivering Tomorrow’s Answers TodayTM.
AkzoNobel’s common shares are listed on the stock exchange of Euronext Amsterdam.