Edward C Greer The Dow Chemical Company Presented

Edward C. Greer The Dow Chemical Company Presented to 2013 Shale Gas Innovation Competition May 7, 2013 Dow. com 1

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 2

ELECTRONIC & FUNCTIONAL MATERIALS • 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 COATINGS AND INFRASTRUCTURE SOLUTIONS • Dow Building & Construction • Dow Coating Materials • Dow Water & Process Solutions • Performance Monomers • JV: Dow Corning Corporation AGRICULTURAL SCIENCES PERFORMANCE MATERIALS PERFORMANCE PLASTICS FEEDSTOCKS AND ENERGY • Dow Agro. Sciences - 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 & Telecommunicatio ns • 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 3

100 years of R&D history More than 500 major projects for breakthrough technologies Recognized as a top 100 Global Innovator by Thomson Reuters in 2012 Dow R&D features an elite team of nearly 7, 000 employees globally One of the largest R&D investments programs in the industry at more than $1. 7 billion for 2012 412 U. S. patents granted to Dow in 2012 $7 billion net present value of R&D projects in commercialization Investing more than $25 million over 10 years at 11 leading U. S. universities 4

DOW CORPORATE VENTURING DOW VENTURE CAPITAL Responsibility: Create and manage a portfolio of technology options that position Dow to incubate new businesses, explore growth opportunities and enhance entrepreneurial innovation 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: Technical strategic fit with Dow DOW EXTERNAL TECHNOLOGY 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 DOW TECHNOLOGY LICENSING 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 5

§ 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 6

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 7

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 8

Edward C. Greer Manager, Ventures & Business Development egreer@dow. com Dow. com 9