X0303 4 2011-03-25 0001305014 ASHLAND INC. ASH 0001316627 Raymond Paul C HERCULES PLAZA 1313 N MARKET STREET WILMINGTON DE 19894 1 Senior Vice President Common Stock 2011-03-25 4 S 0 3000 57.19 D 3049 D Common Stock 1147 I 401(k) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.18 to $57.21, inclusive. The reporting person undertakes to provide to Ashland Inc., any security holder of Ashland Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. Based on Employee Savings Plan information as of 3-25-11, the latest date for which such information is reasonably available. /s/ Linda L. Foss, Attorney-in-Fact 2011-03-28