X0306 4 2016-04-21 0001305014 ASHLAND INC. ASH 0001438239 Schumann Anne T. 1313 N MARKET STREET WILMINGTON DE 19894 1 Vice President Common Stock 2016-04-21 4 S 0 195 115.00 D 11688 D Common Stock 1293 I 401(K) The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2015. Includes 5,955 shares of unvested Restricted Stock. Based on Employee Savings Plan information as of April 15, 2016, the latest date for which such information is reasonably available. /s/ Jennifer I. Henkel, Attorney-in-Fact 2016-04-22