DOW INC

ITEM 1. LEGAL PROCEEDINGS

No material developments regarding this matter occurred in the first three months of 2024. For a current status of this matter, see Note 11 to the Consolidated Financial Statements.

Environmental Proceedings

On December 16, 2022, the U.S. Department of Justice filed a complaint and proposed consent decree on behalf of the U.S. Environmental Protection Agency ("EPA") relating to environmental contamination at the Lower Passaic River Study Area Superfund Site in New Jersey. The EPA filed an amended complaint and proposed consent decree on January 17, 2024. The proposed consent decree includes a requirement that 85 settling defendants, including the Company’s Essex Chemical Corporation subsidiary ("Essex"), make a collective payment of $150 million for the EPA’s past and anticipated future response costs, with Essex's share of the group settlement costs being $1.15 million. On January 31, 2024, the EPA filed a motion for approval and entry of the consent decree.

On February 29, 2024, Dow Brasil Indústria e Comércio de Produtos Químicos Ltda entered into a formal settlement agreement with INEMA, the Bahia, Brazil, state environmental agency, resolving the agency's penalties relating to Dow’s historic brine mining operations on Matarandiba Island, which INEMA alleged have contributed to environmental issues at the location. Pursuant to the agreement, Dow paid a fine equivalent to approximately $1.46 million to the agency in March 2024.