et” ‘AlczoNobel APPOINTMENT TO THE BOARD OF MANAGEMENT Information on Mr. LW. Gunning 1. Family name and first names Gunning, Louis Wi (Tex) 2.Place and date of bith Zwolle, 16 August, 1080 Nationality Dutch 4.(Former) occupation {A present Mr. Gunning is Managing Director ofthe Decorate Paints business of AkzoNobal. Prior to joining AkzoNobel Mr. Gunning was CEO ‘and Chaifan of Vedor N.V. Up to 2007 Mr. Gunning was working for Unilever for 25 years of which 18 years in Asia, the lat 7 years their Regional President 5. Reasons for Appointment tothe Board of Management Me, Gunning brings with him to Decorative Paints a wealth of experience in consumer facing businesses, Furthermore, he has developed a special interest fr the role of business in society and “howto build and grow businesses in a global complex and Interconnected weld. He deeply believes that great performance is ‘strongly dependent on a company’s ably to develop great leaders at al levels ofthe organization and dependent on developing a strong sense of ‘community with al stakeholders. 6. Summary of employment agreement Employment agreements are entered into fora period of four years. In conformity wit: the Dutch Corporate Governance Code this ‘appointment wil erminate on May 1, 2013, after which period reappointment can take place for consecutive period of four years ‘each, of 80 much shorter as wl flow from the application ofthe ‘ate of retiremera se ‘AkzoNobel {Meappointment does not take place and the employment agreement btwoen the board member concemed and Akzo Nobel N.V. nat Continued o ifthe agreements terminated clherwise by the ‘company, ater than for cause, the board member wil be entitled toa severance payment to be established by the Supervisory Board in ‘cardance wit he principles ofthe Dutch Corporate Governance Code and mandtory Dutch law to the extent applicable The formal retirement date isthe last day ofthe month in which the ‘Annual Shareholers’ Meeting is hed in the year in which the board ‘member wil reach the age of 62 (sitytwo). The Supervisory Board fan agree wth a Board member to stay on beyond the formal Febremant date “The base salary amounts to EUR 70.000 per annum. ‘Adjustment of he base salary wl take place if and when the Supervisory Boars of Akzo Nobel considers this appropiate ‘The target shortterm incentive (annual bonus) is 65% ofthe base salary. The bonus opportunity is inked to EVA (Economic Value ‘Aided, EVA targets for tne Bonus wil be determined annually by the ‘Supervisory Board. The EVA performance accounts for 70% of the ‘annual bonus opportunity. The remaining 30% of the bonus ‘opportunity is based on individual quantifiable targets. Reference is 30 made to the plans to be proposed at the General Meeting of rarehalders of £008, In adalion, Me. Gunning wil receive an adational bonus of no more than 100% of his base salary forthe successful integration ofthe Decerative Paints businesses of AkzoNabel and the former IC! o be ‘measured over a three year period and subject to achieving speciic targets. With respect to the long-term incentive plans (Performance Share Pan) reference is made tothe plans to be proposed at the General Meeting of Shareholders of 200. ‘The pension stricture js based on the defined contribution system comparable with he rules for AkzoNobel nthe Nethertands. Extomal board memberships are alowed on the condition of approval by the Supervsory Board. The number of external board memberships dees not exceed two, except in the year before Fetirement. In thet year more than two extemal Board memberships ‘may be approved the Supenisory Board