Direct Stock Purchase

Wells Fargo Shareowner Services, Ashland's stock transfer agent-registrar, sponsors and administers a dividend-reinvestment and direct stock-purchase plan that enables investors to purchase stock without the use of a broker, as well as to reinvest dividends for the purchase of additional Ashland stock.

Key features of the plan:

• Free enrollment
• $500 minimum initial investment
• Purchase and sale orders placed with Wells Fargo Shareowner Services - not a stockbroker
• Service fees for purchase transactions are paid on shareholder's behalf by Ashland Inc.
• $15 service fee per sale transaction

More information and an enrollment form can be found on the Wells Fargo Shareowner Services website at www.shareowneronline.com. Or simply call Wells Fargo Shareowner Services at +1 855 598 5486 toll-free within the U.S. or +1 651 450 4064 outside the U.S.