Marathon Ashland Petroleum LLC

Ashland Inc. is awaiting court approval of a tentative settlement agreement between the plaintiffs and certain defendants of 21 cases alleging methyl tertiary-butyl ether (MTBE) contamination in groundwater.

The Company is a defendant along with many other companies in about…

Ashland Inc., at June 30, 2008, has reserves of US$160 million for environmental remediation at multiple locations, of which US$127 million were classified in other noncurrent liabilities on the Company’s Condensed Consolidated Balance Sheets.

The multiple locations, as of June 30,…