SOURCE: DSM N.V.

April 27, 2007 02:22 ET

DSM initiates second phase of share buy-back program

HEERLEN, NETHERLANDS -- (MARKET WIRE) -- April 27, 2007 --


Royal DSM N.V. announces that in accordance with the share buy- back program announced on 27 September 2006 the company will today, 27 April 2007, start the second phase of this EUR 750 million program. DSM has signed a Discretionary Management Agreement with the bank that will execute the share buy-back. In 2007 DSM intends to repurchase shares for a total consideration of EUR 508 million. The repurchase price will be based on the daily VWAP (Value Weighted Average Price). Daily volumes to be repurchased will be around 10% of the daily trading volume. In accordance with the present regulations DSM will regularly inform the market via press releases about the progress made in the execution of this share buy-back program.

DSM

DSM is active worldwide in nutritional and pharma ingredients, performance materials and industrial chemicals. The company develops, produces and sells innovative products and services that help improve the quality of life. DSM's products are used in a wide range of end-markets and applications, such as human and animal nutrition and health, personal care, pharmaceuticals, automotive and transport, coatings and paint, housing and electrics & electronics (E&E). DSM's strategy, named Vision 2010 - Building on Strengths, focuses on accelerating profitable and innovative growth of the company's specialties portfolio. The key drivers of this strategy are market-driven growth and innovation plus an increased presence in emerging economies. The group has annual sales of over EUR 8 billion and employs some 22,000 people worldwide. DSM ranks among the global leaders in many of its fields. The company is headquartered in the Netherlands, with locations in Europe, Asia, Africa, Australia and the Americas. More information about DSM can be found at www.dsm.com.

For more information:
DSM Corporate Communications    DSM Investor Relations
Elvira Luykx                    Dries Ausems
tel. +31 (0) 45 5782035         tel. +31 (0) 45 5782864
fax +31 (0) 45 5740680          fax +31 (0) 45 5782595
e-mail media.relations@dsm.com  e-mail investor.relations@dsm.com

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