July 14, 2011

Ashland Inc. board declares regular quarterly dividend

COVINGTON, Ky. -The board of directors of Ashland Inc. (NYSE: ASH) today declared a quarterly cash dividend of 17.5 cents per share on the company's common stock, equivalent to an annual dividend of 70 cents per share.

The dividend is payable Sept. 15, 2011, to shareholders of record at the close of business on Aug. 19, 2011. As of June 30, 2011, there were 78,020,604 shares of Ashland common stock outstanding.

In more than 100 countries, the people of Ashland Inc. (NYSE: ASH) provide the specialty chemicals, technologies and insights to help customers create new and improved products for today and sustainable solutions for tomorrow. Our chemistry is at work every day in a wide variety of markets and applications, including architectural coatings, automotive, construction, energy, personal care, pharmaceutical, tissue and towel, and water treatment. Visit www.ashland.com to see the innovations we offer through our four commercial units - Ashland Aqualon Functional Ingredients, Ashland Hercules Water Technologies, Ashland Performance Materials and Ashland Consumer Markets (Valvoline).




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