New York (Platts)--28May2008

Dow Chemical Co announced Wednesday that on June 1 it will raise the
price of all of its products by up to 20%, depending on their exposure to
rising energy, feedstock and transportation costs, and will review all terms
to its customers.

"Our first quarter feedstock and energy bill leapt a staggering 42% year
over year, and that trajectory has continued, with the cost of oil and natural
gas climbing ever higher," Dow chairman and CEO Andrew Liveris said. "The new
level of hydrocarbons and energy costs is putting a strain on the entire value
chain and is forcing difficult discussions with customers about resetting the
value proposition for our products."

Dow spent $8 billion on energy and hydrocarbon-based feedstock costs in
2002. At the current rate, those costs would climb to $32 billion this year,
the company said.

--newsedesk@platts.com