TCU looked too big too fast too talented

"Our long term strategy remains unchanged and the proposed acquisition of Rohmand Haas is consistent with this strategy," said Andrew N. Liveris, Chairmanand CEO.Since Dow learned in late December of PIC's failure to close theK-Dow transaction, Dow has been aggressively engaged on multiple paths seekingways to enable the Rohm and Haas transaction.Dow remains interested indiscussions to find a solution to complete the acquisition of Rohm and Haas,but recent events have made closing untenable at this time."Dow Chemical has a long history of resiliency in responding to changingmarket conditions, and that resiliency continues," said Liveris, "but theworld has changed significantly and we still do not see the bottom of thisunprecedented demand destruction which only accelerated through the fourthquarter and brought December operating rates to historic lows. The Company'scommitment to remain financially strong is part of the DNA of this 112-yearold company." Dow previously announced a series of wide-ranging actions to address globaleconomic conditions and is accelerating those actions based on continueddeteriorating demand. "We are well-prepared to take the appropriate steps toensure we retain our options and financial flexibility to see our way throughwhat we anticipate will be an extremely challenging year," said Liveris.About DowWith annual sales of $54 billion and 46,000 employees worldwide, Dow is adiversified chemical company that combines the power of science and technologywith the "Human Element" to constantly improve what is essential to humanprogress.

The Company delivers a broad range of products and services tocustomers in around 160 countries, connecting chemistry and innovation withthe principles of sustainability to help provide everything from fresh water,food and pharmaceuticals to paints, packaging and personal care products.References to "Dow" or the "Company" mean The Dow Chemical Company and itsconsolidated subsidiaries unless otherwise expressly noted.Note: The forward-looking statements contained in this document involve risksand uncertainties that may affect the Company's operations, markets, products,services, prices and other factors as discussed in filings with the Securitiesand Exchange Commission. These risks and uncertainties include, but are notlimited to, economic, competitive, legal, governmental and technologicalfactors. Accordingly, there is no assurance that the Company's expectationswill be realized. The Company assumes no obligation to provide revisions toany forward-looking statements should circumstances change, except asotherwise required by securities and other applicable laws.SOURCEThe Dow Chemical CompanyInvestor Relations, Howard Ungerleider, Vice President, Investor Relations,1-800-422-8193, , or Media Relations, David Winder,1-989-636-0626, , both of The Dow Chemical Company. ) A couple minutes into Saturday nights game against TCU, I figured Air Force simply was overmatched.The Falcons went three-and-out on the games first possession and then TCU gained 24 yards on its first play from scrimmage.

With some momentum, they quickly marched inside the Air Force 15-yard line.TCU looked too big, too fast, too talented.But a strange thing happened on the way to what appeared was going to be a blowout.It started feeling a whole lot like 2007.You remember the Falcons 2007 game against TCU, of coursethe 20-17 overtime victory that still stands as the signature win of coach Troy Calhouns tenure at the academy.Anyway, tonightlike in that 2007 gameAir Force was a big underdog. But tonightlike in that gameAir Force got some key turnovers (including two after TCU drove inside the red zone) and made some surprising plays offensively to stay close.Now, there wasnt a 71-yard touchdown like Jim Ollis had in 2007 And, of course, Air Force came up short. But the Air Force offense at least made a few plays, and the Falcons hung around long enough to put themselves in position to have a chance to win.Calhoun said after the loss tonight that, theres no joy in not having the most points on the scoreboard at the end of the game.And hes right. Against the best team Air Force has faced to date, in a situation in which there could have been a hangover from the Navy loss, the Falcons played toe-to-toe with one of the nations top teams.Weve got the makings of having a good football team, Calhoun said You just see spots, here and there. I think what were going to find out is were going to play better football in the second half of the seasonover the next six gamesthan we did in the first six games. Weve got the makings, character-wise, of being a good football team..