Firm Analyst
Argus Research Corp.   Bill Selesky
Credit Suisse   John P. McNulty
First Analysis   Michael Harrison
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
Standard & Poors   Stuart Benway
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.