Dow.com1

Edward C. GreerThe Dow Chemical Company

Presented to 2013 Shale Gas Innovation CompetitionMay 7, 2013

Combine the power of science and technology to passionately innovate what is essential to human progress

1897 Founded by Herbert H. Dow in Midland, Michigan

~160 Countries in which we serve customers

More than 5,000 products are manufactured at 188 sites in 36 countries

Approximately 54,000 employees worldwide

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ELECTRONIC &

FUNCTIONAL

MATERIALS

COATINGS AND INFRASTRUCTURE SOLUTIONS

AGRICULTURAL SCIENCES

PERFORMANCE MATERIALS

PERFORMANCE PLASTICS

FEEDSTOCKS AND ENERGY

• Dow Electronic Materials-Semiconductor Tech- Interconnect Tech-Display Technologies-Growth Technologies

• Functional Materials-Dow Wolff Cellulosics-Dow Consumer & Industrial Solutions

-Dow Microbial Control

• JV: Dow Corning Corporation

• Dow Building & Construction

• Dow Coating Materials• Dow Water &

Process Solutions• Performance

Monomers• JV: Dow Corning

Corporation

• Dow AgroSciences-Agricultural Chemicals

-Seeds, Traits & Oils-Crop Protection

• Amines• Chlorinated Organics• Dow Automotive

Systems• Dow Formulated

Systems• Dow Oil & Gas• Dow Plastics Additives• Epoxy• Oxygenated Solvents• Polyglycols,

Surfactants & Fluids• Polyurethanes• Propylene

Oxide/Propylene Glycol• JV: Map Ta Phut• JV: MEGLOBAL• JV: Sadara Chemical

Company

• Dow Elastomers• Dow Electrical &

Telecommunications• Dow Hygiene &

Medical• Dow Performance

Packaging• JV: EQUATE

Petrochemical Company K.S.C

• JV: The Kuwait Olefins Company K.S.C.

• JV: The SCG-Dow Group

• JV: Sadara Chemical Company

• Chlor-Alkali/Chlor-Vinyl• Energy• Ethylene

Oxide/Ethylene Glycol• Hydrocarbons• JV: EQUATE

Petrochemical Company K.S.C

• JV: The SCG-Dow Group

• JV: The Kuwait Olefins Company K.S.C

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Dow R&D features an elite

team of nearly 7,000 employees globally

$7 billion net present value of R&D projects in commercialization

412 U.S. patents granted to Dow in 2012

More than 500 major projects for breakthrough technologies

100 years of R&D history

Investing more than $25 million over 10 years at 11 leading U.S. universities

Recognized as a top 100 Global Innovator by Thomson Reuters in 2012

One of the largest R&D investments programs in the industry

at more than $1.7 billion for 2012

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DOW CORPORATE VENTURING

DOW VENTURE CAPITAL

DOW EXTERNAL TECHNOLOGY

DOW TECHNOLOGY LICENSING

Responsibility: Create and manage a portfolio of technology options that position Dow to incubate new businesses, explore growth opportunities and enhance entrepreneurial innovation

Screening Criterion: Technical strategic fit with Dow

Responsibility: Provide private seed capital to fast growing start-up companies that match Dow’s growth objectives and to bring added value to our equity partners by connecting them with Dow businesses, resources and expertise

Screening Criterion: Financial parameters

Responsibility: Identify and leverage external science and technology resources to achieve Dow’s business and corporate objectives

Screening Criterion: Strategic fit with Dow’s business and technology needs

Responsibility: Manage the transfer of intellectual property or technology at Dow, including licensing-in and out, divestitures, acquisitions, mergers, alliances, and donations.

Screening Criterion: Financial parameters

Identifies / analyzes new technologies and quantifies new market opportunities for Dow

Serves as an innovation pipeline to supply Dow with a flow of new concepts for evaluation

Seeks interaction with emerging technology sources, focusing on developing strategic relationships

Staff includes technical, commercial, and financial analysts

Uses Technology Scouting group to identify, interact with emerging technology-based opportunities

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Invest for mutual value creation – for stakeholders and Dow• Solid teams with defensible, compelling technologies and credible business

models

• Across all stages of development – from seed to late stage

Take an active role• Lead deals or invest alongside strong lead investors

• Deploy Dow capabilities and resources where appropriate to add value to our portfolio companies

Strategically diversify• Prefer to keep cumulative investment below $25 million in any

single company

• Able to exceed that amount when the investment case is sufficiently attractive

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Opportunities to which Dow brings differentiating competitive advantage through partnering/investing:

• R&D: access to raw materials, testing, technical assistance, modeling, high throughput research, product development, intellectual property

• Marketing: access to global market channels, customers and their needs, business intelligence, Dow brand equity

• Manufacturing: access to global manufacturing resources, scale-up, supply chain

Generally, these opportunities are based on innovations in materials or chemistry

Dow.com9

Edward C. GreerManager, Ventures & Business Development

egreer@dow.com