AKZO NOBEL SIGNS GLOBAL AGREEMENT WITH DAIHATSU

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AKZO NOBEL SIGNS GLOBAL AGREEMENT WITH DAIHATSU
25 November 2002 - Akzo Nobel

Akzo Nobel Car Refinishes has signed a new supply agreement with Daihatsu Motor Company Ltd to appoint Akzo Nobel Car Refinishes as an approved paint supplier.

The agreement to appoint Akzo Nobel Car Refinishes as an approved paint supplier was signed on 15 October 2002 date by Mr K Inoguchi, General Manager Overseas Service Division Daihatsu Motor Co Ltd, and Cor de Grauw, General Manager Akzo Nobel Car Refinishes.

Under this agreement the entire range of Sikkens refinish paint products and technical services are approved for use in Daihatsu dealerships and Daihatsu approved bodyshops worldwide. Further agreements to determine local terms and conditions in specific countries will now follow.

Daihatsu selected Akzo Nobel as a result of its requirement to establish a relationship with an experienced supplier of repair paint to enhance its dealers’ paint refinish and body repair capabilities. This is achieved through the use of Akzo Nobel’s innovative paint systems and dedicated services designed to increase bodyshop profitability.

Cor de Grauw, General Manager Akzo Nobel Car Refinishes commented: “This new agreement is an official endorsement of the trust Daihatsu has in our paint products and services. We are delighted to be selected as a paint partner and look forward to working with Daihatsu and its dealers to help further improve the bodyshop network.”

Mr K Inoguchi stated that he “would like both companies to co-operate closer in the local market to achieve high quality repair of Daihatsu cars.”

http://www.carrefinishes.com

About: Akzo Nobel
Akzo Nobel, based in the Netherlands, serves customers throughout the world with healthcare products, coatings and chemicals. Consolidated sales for 2002 totaled EUR 14 billion. The Company currently employs approximately 68,000 people in more than 80 countries. Financial results for the first quarter will be published on April 16, 2003.

Akzo Nobel Car Refinishes supplies paint, decals, services and software for car repair, commercial vehicle and transportation markets. The main product lines include Sikkens for the high-end segment, Lesonal in the medium segment and several leading brands in the commercial vehicles sector. Sales for 2002 totaled EUR 713 million.

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