EPT Disclosure

RNS Number:7326K
Morgan Stanley Securities Ld(EPT)
28 December 2007




                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

                      WITH RECOGNISED INTERMEDIARY STATUS

                      DEALING IN A CLIENT-SERVING CAPACITY

                      (Rule 38.5(a) of the Takeover Code)



1.         KEY INFORMATION


Name of exempt principal trader                 Morgan Stanley Securities Limited

Company dealt in                                Imperial Chemical Industries Plc

Class of relevant security to which the         Ordinary Shares
dealings being disclosed relate (Note 1)

Date of dealing                                 27 December 2007



2.         DEALINGS (Note 2)



(a)        Purchases and sales


Total number of securities purchased    Highest price paid (Note 3) GBP        Lowest price paid (Note 3) GBP


N/A                                     N/A                                    N/A




Total number of securities sold         Highest price received (Note 3) GBP    Lowest price received (Note 3) GBP


N/A                                     N/A                                    N/A



(b)       Derivatives transactions (other than options)


Product name,         Long/short (Note 4)        Number of securities (Note 5)         Price per unit (Note 3) GBP
e.g. CFD


CFD                   SHORT                      98,478                                6.6700



(c)        Options transactions in respect of existing securities

(i)         Writing, selling, purchasing or varying


Product name,         Writing, selling, Number of securities  Exercise    Type, e.g.      Expiry      Option money
                        purchasing,     to which the option               American,
e.g. call option      varying etc.      relates (Note 5)      price       European etc.   date        paid/received per
                                                                                                      unit (Note 3)

N/A                   N/A               N/A                   N/A         N/A             N/A         N/A



(ii)        Exercising


Product name, e.g. call option          Number of securities                   Exercise price per unit (Note 3)


N/A                                     N/A                                    N/A





3.         OTHER INFORMATION



Agreements, arrangements or understandings relating to options or derivatives




Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating
to the voting rights of any relevant securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.


Date of disclosure                                                  28 December 2007

Contact name                                                        Zafrhan Fahmy

Telephone number                                                    020 7677 1871

Name of offeree/offeror with which connected                        Akzo Nobel N.V.

Nature of connection (Note 6)                                       Advisor



Notes



The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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