Dear Dow Stockholder:
You have recently received a proxy voting form for the
Annual Meeting of Stockholders of The Dow Chemical Company
("Dow") to be held on Thursday, May 13, 1999, at 2:00 p.m.
at the Midland Center for the Arts in Midland, Michigan.
Additional information may be found in the Dow Proxy
Statement and Annual Report sent to you with the form.
You may have noticed that instead of the correct number of
Dow shares you held on the record date, March 15, 1999, your
ballot indicated a zero balance in the decimal number above
the account or tax identification number on the form. This
was due to a programming issue in printing the ballots of
stockholders in the Dow Dividend Reinvestment Plan ("DRP")
who have no shares represented by paper stock certificates,
but hold all shares in book entry form. A corrected ballot
is enclosed. Your individual control and account/tax
identification number are the same.
However, please be assured that if you have already voted
your DRP proxy (by telephone, Internet or mail), your entire
number of shares were voted and tabulated. If you choose to
vote the same account again, the last ballot cast will
supersede any prior ballots. If you have not yet voted, we
urge you to do so now to be sure your shares are represented
at the meeting.
The DRP Statement that you will receive in early May will
show your account holdings after payment of the quarterly
Dow dividend, payable on April 30, 1999, as well as other
DRP account activity. The number of shares on the DRP
statement will therefore be different from the number of
shares as of March 15 shown on the enclosed ballot.
ADP-ICS, the proxy material distributor and vote tabulator
for Dow this year, apologizes for any inconvenience this may
have caused you. Please contact The Dow Chemical Company at
877-277-3294 (toll free) or 517-636-1792 with any questions
you may have.
Thank you,
Robert Kalenka
Sr. Vice President
<PAGE>
Dear Dow Stockholder:
You have recently received a proxy voting form for the
Annual Meeting of Stockholders of The Dow Chemical Company
("Dow") to be held on Thursday, May 13, 1999, at 2:00 p.m.
at the Midland Center for the Arts in Midland, Michigan.
Additional information may be found in the Dow Proxy
Statement and Annual Report sent to you with the form.
You may have noticed that instead of the correct number of
Dow shares you hold on the record date, March 15, 1999, your
ballot indicated a lower balance in the decimal number above
the account or tax identification number on the form. This
was due to a programming issue in printing the ballots of
stockholders in the Dow Dividend Reinvestment Plan ("DRP").
A corrected ballot is enclosed. Your individual control and
account/tax identification number are the same.
However, please be assured that if you have already voted
your DRP proxy (by telephone, Internet or mail), your entire
number of shares were voted and tabulated. If you choose to
vote the same account again, the last ballot cast will
supersede any prior ballots. If you have not yet voted, we
urge you to do so now to be sure your shares are represented
at the meeting.
The DRP Statement that you will receive in early May will
show your account holdings after payment of the quarterly
Dow dividend, payable on April 30, 1999, as well as other
DRP account activity. The number of shares on the DRP
statement will therefore be different from the number of
shares as of March 15 shown on the enclosed ballot.
ADP-ICS, the proxy material distributor and vote tabulator
for Dow this year, apologizes for any inconvenience this may
have caused you. Please contact The Dow Chemical Company at
877-277-3294 (toll free) or 517-636-1792 with any questions
you may have.
Thank you,
Robert Kalenka
Sr. Vice President
