Dow Corning announced the first half of 2012 performance report

Chinese Shanghai, July 31, 2012 - the Dow Corning company announced the first half of 2012 performance report today. The company's first half sales of $3 billion 90 million, net income of $192 million. Sales and net income fell by 5% and the same period in 2011, compared with the same period in, mainly due to the oversupply of the market and the high cost of raw materials, resulting in the company's earnings continued to be affected. The following is a detailed financial report:

2012 second quarter results report

Sales of $1 billion 570 million, representing a decrease of 6% over the same period last year

Joint venture Hemlock Semiconductor group (Hemlock Semiconductor Group) polysilicon prices continued to slump

Fluctuations in the European market led to a significant decline in sales in the region

Net income was $121 million, compared with the same period last year fell by 36%

This year's performance as of now

Sales of $3 billion 90 million, compared with the same period last year fell by 5%

Net income was $192 million, down 48% over last year

The second quarter of 2012

The second quarter of 2011

Variation range (%)

2012

2011

Variation range (%)

Sales (unit: one billion)

The $1.57

The $1.67

-6%

The $3.09

The $3.25

-5%

Net income (unit: million)

The $121

The $191

-36%

The $192

The $370

-48%

Adjusted net income

(unit: million)

The $121

The $188

-35%

The $192

The $363

-47%

* adjusted net income for non GAAP financial measures, excluding certain unconventional items.

Dow Corning Corporation executive vice president and chief financial officer J. Donald Sheets the comments is:

, "a huge challenge on the first half of 2012 is shown mainly from organic silicon and polysilicon market oversupply and high price of raw material costs, we continued to be the performance of the influence of these factors. "

Our joint venture Hemlock Semiconductor Group continues to face the challenges posed by the oversupply of polysilicon industry and the economic and political uncertainties involved in the solar industry. "

- "keep the product cost competitive advantage is an important condition for the Hemlock Semiconductor group and Dow Corning's long-term success, we will continue to actively seek opportunities to improve operational efficiency, reduce production costs. "

About Dow Corning Corning (www.dowcorning.com.cn) solutions provide enhanced performance, to meet the different needs of the global more than 25 thousand customers. As a global leader in silicones, silicon-based technology and innovation, Dao Kangning delivers more than 7000 products and services through Dow Corning () with the XIAMETER brand. Dow Corning is a company by the Dow Chemical Company and Corelle company of equal ownership of the joint venture company. Dow Corning sales more than half come from outside the United states. On the Hemlock Semiconductor Hemlock group Semiconductor group (Hemlock Semiconductor) by Dow Corning Corporation, Shin Etsu handotai (Shin-Etsu Handotai) and three material (Mitsubishi Materials) composed of a number of joint venture joint venture set up. Hemlock Semiconductor is the world's leading supplier of polysilicon and silicon based products for the production of semiconductor devices, solar cells and modules. 1961, Hemlock Semiconductor began operations.