Dow — Apr 24, 2025 release

Additional scope includes three upstream assets across all operating segments for further action. • Taken together, these new and previously announced actions total approximately $6 billion in cash support to effectively manage the extended downcycle. ◦ Up to approximately $3 billion from the Company’s strategic growth-aligned partnership with Macquarie Asset Management to create a newly formed infrastructure-focused company – Diamond Infrastructure Solutions – resulting in the sale of a minority stake in select U.S. Gulf Coast infrastructure assets; first tranche of $2.4 billion anticipated at closing on May 1. ◦ Greater than $1 billion in proceeds from the NOVA judgment in 2025. ◦ At least $1 billion in targeted cost savings by 2026, including approximately $300 million in 2025. ◦ Approximately $1 billion in CapEx reductions in 2025. CEO QUOTE “We remain focused on disciplined execution and increased actions to improve profitability and support cash flow,” said Jim Fitterling, Dow chair and CEO. “Despite ongoing macroeconomic challenges, Team Dow delivered a sixth consecutive quarter of year-over-year volume growth while taking actions to reduce costs and right-size capacity. The significant impact of slower GDP growth and volatile market conditions on our industry underscores the importance of our proactive management and best-owner mindset. Today’s announcements build on Dow’s cost actions that are already underway, aiming to further strengthen our financi