X0202 3 2005-09-16 0 0001305014 ASHLAND INC. ASH 0001339588 RANDOLPH ROBERT KIRK 900 ASHWOOD PARKWAY, SUITE 700 ATLANTA GA 30330 0 1 0 0 Vice President Restricted Stock 7500 D Common Stock 1783 I LESOP Common Stock 32 I 401(k) Stock Options (Right to buy) 23.2 2003-09-19 2012-10-19 Common Stock 1365 D Stock Options (Right to buy) 28.04 2004-09-18 2013-10-18 Common Stock 910 D Stock Appreciation Right 45.19 2005-09-16 2014-10-16 Common Stock 3032 D Stock Appreciation Right 58.5 2006-09-15 2015-10-15 Common Stock 20000 D Common Stock Units 0 Common Stock 15197 D Represents shares of Restricted Common Stock acquired pursuant to Ashland's stock incentive plans as approved by the shareholders and exempt pursuant to Rule 16b-3. Shares accrued under Ashland's Leveraged Employee Stock Ownership Plan as of 9-15-05. Based on Employee Savings Plan information as of 9-15-05, the latest date for which such information is reasonably available. Employee stock option (represents a right to buy Ashland Common Stock) granted pursuant to Ashland's Amended and Restated Incentive Plan which vests in three annual installments: 50% after the 1st year, the next 25% the 2nd year and the remaining 25% for the 3rd year. The employee stock option includes a tax withholding feature pursuant to the plan. Stock Appreciation Right granted pursuant to Ashland's Amended and Restated Stock Incentive Plan which vests in three annual installments: 50% after the 1st year, the next 25% the 2nd year and the remaining 25% the 3rd year. Common Stock Units acquired pursuant to Ashland's Deferred Compensation Plan as of 9-15-05, and exempt under Rule 16b-3(d). (One (1) Common Stock Unit in the Deferred Compensation Plan is the equivalent of one (1) share of Ashland Common Stock.) Converts to common stock on a one-for-one basis. David B. Mattingly, Attorney-in-Fact 2005-09-26