Moscow - February 22, 2011

RUSNANO and The Dow Chemical Company (NYSE: Dow) through its wholly owned subsidiary Dow Europe GmbH have signed a memorandum of understanding to evaluate potential cooperation in fast-growing areas such as energy efficiency, infrastructure, light-weight materials, and life sciences.

Through this agreement, both companies will evaluate and define potential joint venture projects to pursue collaborative investments in Russia. The parties have also agreed to exchange technical and commercial information on up-and-coming activities.  "Our goal is to develop commercially-meaningful joint projects that help to address key issues in Russia, and leverage Dow technology to support job creation and economic development," stated Heinz Haller, Executive Vice President and Chief Commercial Officer of The Dow Chemical Company.

The Partners have already set priorities for joint potential projects. The emphasis will be on large-scale projects based on nanotechnologies with the aim of attracting cooperation from major corporations and regions in Russia and developing intellectual property.

Ongoing cooperation between RUSNANO and The Dow Chemical Company demonstrates potential collaboration to expand American engagement in the emerging economy of Russia. This type of mutually beneficial cooperation reinforces both companies' commitment to further developing the local domestic market and advancing Russian industry's integration into the world economy.

Russian Corporation of Nanotechnologies

(RUSNANO) was established in 2007 to realize the objectives of the Russian government in nanotechnology. The corporation is charged with stimulating growth of the country's nanoindustry so that by 2015 annual sales of nano-enabled products reach 900 billion rubles. Sales by companies in which RUSNANO has invested are to reach 300 billion rubles annually by that year.  RUSNANO carries out its mission by coinvesting in nanotechnology projects with significant economic potential or social benefit. To support the projects it finances, RUSNANO shares in creating nanotechnology infrastructure and educational programs. The corporation collaborates with the world's leading nanotechnology centers, and it organizes the Nanotechnology International Forum, RUSNANOTECH, which is held annually in Moscow. The management bodies of RUSNANO are the Supervisory Council, the Executive Board, and the Chief Executive Officer. In September 2008 Anatoly Chubais was appointed CEO of the Russian Corporation of Nanotechnologies. To learn more about RUSNANO and/or to submit an application for project financing, please visit our website, www.rusnano.com

About Dow

Dow combines the power of science and technology with the "Human Element" to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2010, Dow had annual sales of $53.7 billion and employed approximately 50,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 35 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.www.dow.com.


For Editorial Information:

Irina Kabanova
The Dow Chemical Company
+ 7 985 761 9315

Sue Breach
The Dow Chemical Company
+44 (0) 203 139 4018

Irina Shabanova
Rusnano
+7 495542 4444
info@rusnano.com

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