Akzo Nobel N : AkzoNobel start share buyback program

Akzo Nobel N.V.

Media release

March 1, 2022

AkzoNobel starts share buyback program

AkzoNobel (AKZA; AKZOY) will today start to repurchase common shares up to a value of €500 million, launching the share buyback announced on February 9, 2022. Completion is due by the first quarter of 2023.

The company has engaged a third party to manage the program and perform transactions on its behalf . It is intended that the shares will be canceled following repurchase.

This share buyback will be implemented within the limitations of the authority granted by the Annual General Meeting (AGM) on April 22, 2021. The share repurchase program will be conducted within the parameters prescribed by the Market Abuse Regulation 596/2014 and the safe harbor parameters prescribed by the Commission Delegated Regulation 2016/1052 for share buybacks.

In accordance with regulations, AkzoNobel will inform the market about the progress made in the execution of this program through weekly updates at https://www.akzonobel.com/en/investors/share-buyback-overview.

About AkzoNobel

We supply the sustainable and innovative paints and coatings that our customers, communities - and the environment - are increasingly relying on. That's why everything we do starts with People. Planet. Paint. Our world class portfolio of brands - including Dulux, International, Sikkens

and Interpon - is trusted by customers around the globe. We're active in more than 150 countries and have set our sights on becoming the global industry leader. It's what you'd expect from a pioneering paints company that's committed to sc ience-based targets and is taking genuine action

to address globally relevant challenges and protect future generations.

Not for publication - for more information
AkzoNobel Media Relations	AkzoNobel Investor Relations
T +31 (0)88 - 969 7833	T +31 (0)88 - 969 0139
Contact: Joost Ruempol	Contact: Kenny Chae
[e-mail]	[e-mail]

Safe Harbor Statement

This report contains statements which address such key issues as AkzoNobel's growth strategy, future financial results, marke t positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecast and actual results to differ from these statements. These factors include, but are not limi ted to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issue s, and legislative, fiscal, and other regulatory measures, as well as significant market disruptions such as the impact of pande mics. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. F or a more comprehensive discussion of the risk factors affecting our business, please see our latest annual report.

Christian Neefestraat 2	T [phone]
1077 WW Amsterdam	E [e-mail]
P.O. Box 75730	www.akzonobel.com
1070 AS Amsterdam
Netherlands