The Managing Board of Directors of DSM announces that Mr Henk van Dalen (53), at present member of the DSM Managing Board, has decided to pursue his career with TNT N.V. Henk van Dalen will be appointed Chief Financial Officer of the Dutch express, logistics and postal services group with effect from 1 April 2006.

DSM very much regrets that Mr van Dalen is leaving DSM after 29 years, of which six years as a Managing Board member, but respects his decision to take on a new career challenge with TNT.

DSM is grateful to Henk van Dalen for his long-time commitment and leadership. He has been key in the transformation process of DSM, both during the execution of Vision 2005 over the past five years and in the establishment of DSM’s new strategic direction as outlined in the Vision 2010 – Building on Strengths program. Before he joined the Managing Board in 2000, Henk van Dalen had been very successful in several functional roles and in leading various businesses within the company.

An announcement on his succession will be made in due course.