Indianapolis, IN and Mumbai, India - November 27, 2006

United Phosphorus Limited (UPL) has reached an agreement with Dow AgroSciences LLC to acquire its global propanil herbicide business, marketed primarily as Stam™ herbicide.

Stam™ is a selective, post-emergence foliar applied, non-residual herbicide for the control of many important annual grasses, broadleaf and sedge weeds used in rice. Stam™ is a global product with more than 100 registrations in over 30 countries in North America, Latin America, Europe, Africa, and Asia/Pacific. This purchase will further strengthen UPL’s position in the rice herbicide segment, and allows Dow AgroSciences to focus resources on priority molecules. Under this agreement, UPL and its subsidiaries throughout the world can start selling propanil and its formulations immediately.

UPL is the largest Indian agrochemical Company and is engaged in research, manufacturing and distribution of agrochemicals and specialty chemicals across the globe. The Group’s revenue for the year ended March 2006 was about US$408 million.

Dow AgroSciences LLC, based in Indianapolis, Indiana, USA, is a top tier agricultural company providing innovative crop protection, seeds, and biotechnology solutions to serve the world’s growing population. A wholly owned subsidiary of The Dow Chemical Company, global sales for Dow AgroSciences are $3.4 billion. Learn more at www.dowagro.com.

For Editorial Information:

Kenda Resler Friend
Dow AgroSciences LLC
317-337-4743

Rajendra Darak
United Phosphorus Limited
+91 22 2604 1111
darakr@uniphos.com