Dow Scientist Jaime Simon Wins National Hispanic Award for Outstanding Technical Achievement in Science.

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MIDLAND, Mich.--(BUSINESS WIRE)--Aug. 19, 2002

Awards Honor the Nation's Most Successful

Hispanic Engineers and Scientists

The Dow Chemical Company announced today that the Hispanic Engineer National Achievement Awards Corporation (HENAAC) has awarded Jaime (Jim) Simon, Ph.D., a research and development scientist with Dow Pharmaceuticals Growth Group, the 2002 award for Outstanding Technical Achievement in Science. In addition, Carlos Nuila, global research and development director for Dow Epoxy Products & Intermediates, was a finalist for the Executive Excellence Award in the Industry category.

Selected by an independent group of representatives in industry, government and academia from across the United States, the HENAAC Award recognizes and honors the nation's most successful Hispanic engineers, scientists and technology leaders.

"As a corporation, Dow's mission is to constantly improve what is essential to human progress by mastering science and technology. When examining their careers, there can be no doubt that the accomplishments that Jim and Carlos have made address Dow's mission on every level." said Richard M. Gross, corporate vice president for research and development at Dow. "Consistently, these individuals help set the standard for Dow leaders and reflect Dow's values of integrity, respect for people, unity, outside-in focus, agility and innovation."

Simon will be honored, along with the other winners, during the HENAAC Awards Show on October 18, 2002 in South Padre Island, Texas.

"Jim and Carlos are exemplary role models both at Dow and throughout the engineering and scientific communities," noted Leo Salinas, co-chair of the Dow Hispanic Latin Network and Environmental Operations R&D. "They truly are winners from both a professional and cultural standpoint. On behalf of the Dow Hispanic Latin Network, I congratulate them as we celebrate their success."

About Simon

Originally from Guines, Havana, Cuba, Simon holds a degree in radiochemistry from the University of Missouri at Columbia. Simon won the HENAAC Award based on his involvement in the development of new technologies with an emphasis on radiopharmaceuticals, radioanalytical, remediation of radioactive sites, chelation chemistry and consumer products. Since joining Dow in 1980, Simon has worked on many breakthrough projects, including a partnership with the University of Missouri that led to the development of Quadramet(TM) for the treatment of pain associated with bone cancer. In addition, he was instrumental in the development of Iotrex(TM), a drug used to treat brain cancer.

About Nuila

Originally from El Salvador, Nuila holds a chemical engineering degree from the University of California, Berkeley. He was nominated for the HENAAC Award based on his many achievements since 1979, when he began his career as a research engineer for Dow inorganic chemicals. Nuila currently serves as director of more than 150 R&D professionals in the Dow Thermoset Business Group.

Throughout his career at Dow, Nuila has been driven to use science to help improve daily life. Early in his career, he directed the research group responsible for developing advanced air separation membranes. This technology is now used to ensure that fruit and other produce arrive at their destinations in peak condition. In 1989, working with Dow Heat Transfer Fluids, Nuila led a team that implemented new analytical laboratory capabilities to support the U.S. natural gas transmission industry. The resulting analysis kit allowed companies to fix potential problems before they occurred - helping keep homes across America warm throughout the winter. He also was instrumental in founding the Hispanic Latin Network, a cultural network at Dow.

Dow is a leading science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $28 billion, Dow serves customers in more than 170 countries and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of Sustainable Development, Dow and its approximately 50,000 employees seek to balance economic, environmental and social responsibilities.

For further information, visit Dow's Web site at www.dow.com.

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