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

All obligations of the Controlling Shareholders under the Irrevocable Undertaking (save as the
obligation as to confidentiality) shall forthwith lapse on the withdrawal or lapsing of the Offer.
Separate undertakings
Separately, Mr. Oh irrevocably undertakes to vote in favour of the shareholders’ resolutions of SSCP
relating to the Korean Agreement and (if required) the Irrevocable Undertaking and the transactions
contemplated thereunder, and to encourage certain other shareholders of SSCP to vote in favour of
such shareholders’ resolutions. SSCP and its board also undertakes with AkzoNobel to take all
reasonable actions to support the Korean Agreement and the Offer and to recommend its shareholders
to vote in favour of the shareholders’ resolutions of SSCP relating thereto. In the event that the Korean
Agreement and the transactions contemplated thereunder are not approved by the SSCP’s
shareholders such that the Korean Agreement and the Offer are not completed, SSCP shall be liable
for a payment of EUR5 million to AkzoNobel to cover the costs and expenses incurred by AkzoNobel
and as compensation for injury to reputation and credit.
Compensation payment arrangements
Pursuant to the existing service agreements of Mr. Peter Brenner and Mr. Kenny Chae (‘‘KC’s Service
Agreement’’) (approval for the extension of the KC’s Service Agreement was obtained at the annual
general meeting of the Company on 30 June 2011, whereby the Shareholders approved to extend the
KC’s Service Agreement for a term of two more years on the same terms till 31 December 2013), both
being members of the Management Board, the Company would be required to make compensation
payments to Mr. Peter Brenner of EUR 16.25 million and Mr. Kenny Chae of EUR 9.25 million if there is
a change of control or a sale in the Company. Details of the compensation mechanism of the service
agreements of Mr. Peter Brenner and Mr. Kenny Chae have been disclosed in the prospectus of the
Company dated 15 December 2009, and circulars of the Company dated 23 July 2010 and 30 May
2011, respectively.
Sch I-13
The Offer would constitute a change of control or a sale in the Company for the above purposes. In
order to reduce the compensation obligations of the Company against Mr. Peter Brenner and Mr.
Kenny Chae as set out above, each of Mr. Peter Brenner and Mr. Kenny Chae has entered into a
settlement agreement with the Company, Mr. Oh and the Controlling Shareholders on 17 June 2011
pursuant to which (i) Mr. Peter Brenner agreed to waive and forfeit his rights to terminate his existing
service agreements and to receive compensation payments arising from a change of control in the
Company pursuant to the terms of the Irrevocable Undertaking, subject to the payment of a lump sum
gross payment in the amount of EUR 10.5 million to Mr. Peter Brenner by the Company on the Transfer
Date; and (ii) Mr. Kenny Chae agreed to waive and forfeit his rights to receive payments arising from a
sale in the Company pursuant to the terms of the Irrevocable Undertaking, subject to the payment of a
lump sum gross payment in the amount of EUR 3.5 million being paid to Mr. Kenny Chae by the
Company on the Transfer Date.
The Controlling Shareholders agree to indemnify AkzoNobel from 100% of any additional cost incurred
by any member of the Group or their successors from any payments to Mr. Peter Brenner and Mr.