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Share Buy-Back Program 2011

Repurchase of 4,000,000 shares totals €137.2 million

In accordance with the repurchase program to cover existing option plans which ran between 7 September 2011 and 2 November 2011, DSM repurchased a total of 4,000,000 shares for a combined consideration of €137.2 million.

The market was informed about the progress made with the execution of this program through regular press releases.