Firm Analyst
Argus Research Corp.   Bill Selesky
Credit Suisse   John P. McNulty
Deutsche Bank   David Begleiter
First Analysis   Steven K. Schwartz
Goldman Sachs & Co.   Brian Maguire
Hilliard Lyons   Steve O'Neil
J. P. Morgan   Jeff Zekauskas
Jefferies & Company   Laurence Alexander
Key Banc Capital Markets   Mike Sison
Longbow Research   Dmitry Silversteyn
Monness, Crespi, Hardt & Co.   Chris Shaw
Piper Jaffray & Co.   Michael J. Ritzenthaler
Standard & Poors   Stuart Benway
Suntrust, Robinson, Humphrey   Jim Sheehan
UBS   John Roberts

Ashland Inc. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Ashland Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Ashland Inc. or its management. Ashland Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.