X0306 4 2014-12-02 0001305014 ASHLAND INC. ASH 0001575329 WILLIS J KEVIN 50 E. RIVERCENTER BLVD. COVINGTON KY 41011 1 Chief Financial Officer Common Stock 2014-12-02 4 M 0 3049 116.74 A 24833 D Common Stock 2014-12-02 4 F 0 1462 116.74 D 23371 D Common Stock 14535 I 401(k) Common Stock 887 I LESOP Ashland Common Stock acquired upon settlement of LTIP award pursuant to Ashland's Amended and Restated 2011 Incentive Plan and exempt under Rule 16b-3(d). Payment of tax liability by withholding of securities incident to the settlement of LTIP award referenced in footnote 1. Includes 17,866 shares of unvested Restricted Stock. Based on Employee Savings Plan information as of December 1, 2014, the latest date for which such information is reasonably available. Shares accrued under Ashland's Leveraged Employee Stock Ownership Plan as of December 1, 2014. /s/ Issa O. Yesufu, Attorney-in-Fact 2014-12-03