Investor update Q4 2022 Akzonobel

Revenue up 8% on strong pricing of 11% (up 12.5% in Q4’21)
Fourth consecutive quarter of positive pricing vs raws.

Revenue growth driven by 11% pricing.

Pricing up 11% (23.5% on 2yr-stack)
fully offsetting raw materials inflation.

Positive €212m of pricing vs raws in 2022.

Priorities for 2023: Pricing discipline. Continue inflationary pricing in Q1 2023. Protect pricing during deflationary cycle (50% of portfolio is defensive)