Ashland Inc. Announces Webcast of Third Quarter Earnings Conference Call

COVINGTON, Ky., July 21 -- Ashland Inc. today announced that on Tuesday, July 22, at 10:00 a.m. (EDT), it will conduct a live audio webcast of its third quarter earnings presentation to the investment community. Participants from Ashland will include James J. O'Brien, chairman and chief executive officer; J. Marvin Quin, senior vice president; William A. Thompson, director of Financial Reporting; and William E. Henderson III, director of Investor Relations. Participants from Marathon Ashland Petroleum will include Gary R. Heminger, president; and Garry L. Pfeiffer, senior vice president.

(Logo: http://www.newscom.com/cgi-bin/prnh/20001019/CHTH004LOGO )

The webcast, which will last approximately 60 minutes, will be accessible through Ashland's Investor Relations website, www.ashland.com/investors. Following the live event, an archived version of the webcast will be available on the Ashland website until July 22, 2004. Minimum requirements to listen to the webcast include the free Windows Media Player software and a 28.8 Kbps connection to the Internet.

Ashland Inc. is a Fortune 500 company providing products, services, and customer solutions throughout the world. Our businesses include road construction, specialty chemicals, lubricants, car-care products, chemical and plastics distribution and transportation fuels. Through the dedication of our employees, we are "The Who In How Things Work(TM)." Find us at www.ashland.com.

(TM)Trademark, Ashland Inc.

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