ASHLAND INC.

Ashland Inc. is a global company that provides additives and specialty ingredients, focusing on sustainability. Its common stock is listed on the New York Stock Exchange under the ticker symbol "ASH". The company serves customers in over 100 countries across various consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, personal care, and pharmaceuticals. Ashland has approximately 2,900 employees worldwide. Ashland's business is organized into reportable operating segments: Life Sciences, Personal Care, Specialty Additives, and Intermediates. An "Unallocated and Other" category covers corporate governance and certain legacy matters. The Life Sciences segment includes pharmaceuticals, nutrition, agricultural chemicals, diagnostic films (formerly advanced materials), and fine chemicals. Pharmaceutical solutions offer controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders. Nutrition solutions provide thickeners, stabilizers, emulsifiers, and additives for enhancing mouthfeel, controlling moisture migration, reducing oil uptake, and binding structured foods. Customers in this segment include pharmaceutical, food, beverage, hospital, and radiologist manufacturers. The nutraceuticals business was sold in August 2024. The Personal Care segment encompasses biofunctionals, microbial protectants (preservatives), skin care, sun care, oral care, hair care, and household solutions. These businesses offer natural, nature-derived, biodegradable, and high-performance ingredients for skin and hair protection, renewal, moisturizing, and revitalization, as well as solutions for toothpastes, mouthwashes, rinses, and denture care. Personal Care also supplies nature-derived rheology ingredients, biodegradable surface wetting agents, performance encapsulates, and specialty polymers for household, industrial, and institutional cleaning products. Customers range from large multinational branded consumer products companies to smaller, independent boutique companies. The Specialty Additives segment provides rheology and performance-enhancing additives for architectural coatings, construction, energy, automotive, and various industrial markets. Solutions include coatings additives for architectural paints, finishes, and lacquers, cement- and gypsum-based dry mortars, ready-mixed joint compounds, synthetic plasters for commercial and residential construction, and specialty materials for industrial applications.