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Ashland Inc. Board Declares Regular Quarterly Dividend

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05/17/2006

Ashland Inc. Board Declares Regular Quarterly Dividend

Ashland Inc. Board Declares Regular Quarterly DividendCOVINGTON, Ky., May 17 /PRNewswire-FirstCall/ -- The board of directors of Ashland Inc. (NYSE: ASH) today declared the regular quarterly cash dividend of 27.5 cents per share on the company's common stock (listed on the New York and Chicago stock exchanges), equivalent to an annual dividend of $1.10 per share.

This dividend will be payable on June 15, 2006, to shareholders of record at the close of business on May 30, 2006. As of April 30, 2006, there were 71,063,910 shares outstanding.

Ashland Inc. (NYSE: ASH) is a FORTUNE 500 chemical and transportation construction company providing products, services and customer solutions throughout the world. To learn more about Ashland, visit www.ashland.com.

CONTACT:
Media Relations
Jim Vitak
+1-614-790-3715
jevitak@ashland.com

Investor Relations
Daragh Porter
+1-859-815-3825
dlporter@ashland.com
Both of Ashland Inc.