SOURCE: DSM N.V.

May 05, 2008 02:15 ET

DSM initiates second phase of share buy-back program

HEERLEN, NETHERLANDS--(Marketwire - May 5, 2008) -


Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, announces that the company will today, 5 May 2008, start the second phase of the share buy-back program of EUR 750 million announced on 27 September 2007.

DSM has signed a Discretionary Management Agreement with the bank that will execute the share buy-back. DSM intends to repurchase shares for a total consideration of approximately EUR 250 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. In addition DSM may halt the buy-back at any time, if a major acquisition needs financing.

DSM - the Life Sciences and Materials Sciences Company

Royal DSM N.V. creates innovative products and services in Life Sciences and Materials Sciences that contribute to the quality of life. DSM's products and services are used globally in a wide range of markets and applications, supporting a healthier, more sustainable and more enjoyable way of life. End markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrics and electronics, life protection and housing. DSM has annual sales of almost EUR 8.8 billion and employs some 23,000 people worldwide. The company is headquartered in the Netherlands, with locations on five continents. DSM is listed on Euronext Amsterdam. More information: www.dsm.com.

For more information:

DSM Corporate Communications               DSM Investor Relations
Herman Betten                              Hans Vossen
tel. +31 (0) 45                            tel. +31 (0) 45 5782864
5782017                                    fax +31 (0) 45 5782595
fax +31 (0) 45                             e-mail
5740680                                    investor.relations@dsm.com
e-mail media.relations@dsm.com




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