Imperial Chemical Industries (ICI)

The information set forth in the second paragraph under the heading “Notes relating to the Group accounts – Note 26 – Reconciliation of changes in equity – Limitation of borrowings”, which appears on page 99 under Item 18 “Financial Statements” of this Annual Report on Form 20-F, is incorporated herein by reference. The Group has acquired or is committed to acquire under forward contracts, shares in the Company, which include collateral requirements relating to the prevailing price of shares in the Company.

In addition, the following information which appears in the Company’s Annual Report and Accounts 2005 contained in its report on Form 6-K dated March 14, 2006 is incorporated herein by reference: the information set forth under the heading “Operating and financial review – Quantitative disclosure about market risk”, including the subheadings “Market risk – Interest rate sensitivity” and “Market risk – Foreign currency sensitivity”, which appears on page 23 thereof; the information set forth under the heading “Operating and financial review – Financing and interest rate risk”, which appears on page 22 thereof; the information set forth under the heading “Operating and financial review – Foreign currency risk”, which appears on page 23 thereof; and the information set forth under the heading “Operating and financial review – Counterparty credit risk”, which appears on page 23 thereof.