X0303 4 2011-03-15 0001305014 ASHLAND INC. ASH 0001235356 ROHR MARK C ALBEMARLE CORPORATION 451 FLORIDA STREET BATON ROUGE LA 70801 1 Restricted Stock Units 2011-03-15 4 J 0 49 56.32 A Common Stock 49 18464 D Each Restricted Stock Unit represents a right to receive one (1) share of Ashland Common Stock. Restricted Stock Units acquired pursuant to Ashland's Deferred Compensation Plan for Non-Employee Directors (the "Plan") as of 3-15-11 and exempt from Rule 16b-3. (One (1) Restricted Stock Unit in the Deferred Compensation Plan for Non-Employee Directors is the equivalent of one (1) share of Ashland Common Stock.) Subject to any deferral election on timing of distribution by the reporting person under the Plan, the reporting person may, prior to vesting, elect to receive the Restricted Stock Units in Common Stock or cash upon separation from service as a director. /s/ David A. Rines, Attorney-in-Fact 2011-03-17