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Sico Inc. Appoints New Directors

Published on 2006-06-06. Author : SpecialChem

ARNHEM, THE NETHERLANDS -- Akzo Nobel N.V. (AEX: AKY);(NASDAQ: AKZOY) and Sico Inc. (TSX: SIC) jointly announced that Messrs. Alexander Gunst, Steven Miller, Martin Potter, Charles Scudder and Derek Welch have been appointed as directors of Sico, following the resignations of Messrs. Jean-Paul Barre, Pierre LaRue, Peter Rebello, Pierre Martin and Yves Rheault as directors. Mr. Normand Bastien, Mr. Pierre Dufresne, Mrs. Denise Lortie and Mr. Jean-Paul Lortie are continuing as directors of Sico. In addition, Mr. Jean-Paul Lortie has been appointed to the audit committee.

About Akzo Nobel

Akzo Nobel is a Global Fortune 500 company and is listed on both the Euronext Amsterdam and NASDAQ stock exchanges. It is also listed on the Dow Jones Sustainability Indexes. Based in the Netherlands, we are a multicultural organization serving customers throughout the world with human and animal healthcare products, coatings, and chemicals. We employ around 61,500 people and conduct our activities in four segments - human and animal health, coatings and chemicals - subdivided into 13 business units, with operating subsidiaries in more than 80 countries. Consolidated revenues for 2005 totalled EUR 13.0 billion. The financial results for the second quarter will be published on July 20, 2006.

About Sico

In business since 1937, Sico is the largest company in Canada specializing in the development, manufacture and marketing of paints, coatings and related products. In the architectural market, its core business, Sico stands out for its innovative, high-quality products, strong brand recognition and the scope of its distribution network, which includes some 2,500 points of sale from coast to coast. In North America, Sico also markets industrial coatings primarily for metal, and mostly intended for the transportation equipment industry, the heavy machinery industry and other specialized applications. Sico employs more than 1,000 people in Canada, the United States and Mexico.

Safe Harbor Statement

This press release may contain statements which address such key issues as Akzo Nobel's growth strategy, future financial results, market positions, product development, pharmaceutical products in the pipeline, and product approvals. Such statements, including but not limited to the "Outlook", should be carefully considered and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. These factors also include changes in regulations or interpretations related to the implementation and reporting under IFRS, decisions to apply a different option of presentation permitted by IFRS, and various other factors related to the implementation of IFRS, including the implementation of IAS 32 and 39 for financial instruments. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more complete discussion of the risk factors affecting our business please refer to our Annual Report on Form 20-F filed with the United States Securities and

Source: Sico Inc.

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