Note 28: Subsequent events

On February 9, 2022, AkzoNobel announced a €500 million share buyback program, to be completed in the first quarter of 2023.

Recent developments in Ukraine are of concern. These developments, as well as the related international government responses, are being closely monitored. Our first priority is to safeguard our people and businesses. Due to the limited size of our business in Ukraine, we expect the financial impact within the country to be limited. Broader assessments of the indirect macroeconomic effects (such as supply continuity and the impact on the markets) are ongoing, and will be updated as the situation unfolds. Mitigating actions are being put in place.