Exhibit 99.12
(Text of graph posted to Ashland Inc.'s website concerning
Valvoline gross profit)
| 3 Month Rolling Average (%) | ||||||
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | |
| January | 26.6 | 27.5 | 26.7 | 21.4 | 24.5 | 24.2 |
| February | 26.8 | 27.4 | 27.4 | 21.6 | 25.1 | 24.0 |
| March | 27.2 | 27.7 | 28.3 | 22.0 | 25.6 | 24.4 |
| April | 26.8 | 28.3 | 28.8 | 21.4 | 25.1 | 24.6 |
| May | 27.7 | 28.5 | 28.1 | 20.4 | 25.3 | 24.6 |
| June | 28.5 | 28.7 | 25.9 | 20.2 | 25.1 | 23.9 |
| July | 29.7 | 29.1 | 25.4 | 19.6 | 25.9 | 21.8 |
| August | 29.8 | 29.6 | 25.6 | 19.0 | 25.5 | |
| September | 28.7 | 28.5 | 25.4 | 16.0 | 24.6 | |
| October | 28.1 | 27.7 | 24.5 | 17.9 | 24.3 | |
| November | 27.5 | 26.4 | 23.0 | 19.7 | 24.6 | |
| December | 28.3 | 26.8 | 22.1 | 23.8 | 24.7 | |
| 12 Month Rolling Average (%) | ||||||
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | |
| January | 28.8 | 28.1 | 28.0 | 25.1 | 20.7 | 24.9 |
| February | 28.7 | 28.1 | 28.0 | 24.7 | 21.0 | 24.9 |
| March | 28.3 | 28.3 | 28.1 | 23.9 | 21.4 | 24.7 |
| April | 28.0 | 28.4 | 28.1 | 23.2 | 21.7 | 24.8 |
| May | 28.0 | 28.3 | 27.9 | 22.6 | 22.3 | 24.7 |
| June | 28.1 | 28.3 | 27.4 | 22.4 | 22.6 | 24.4 |
| July | 28.1 | 28.3 | 27.2 | 21.7 | 23.3 | 23.7 |
| August | 28.2 | 28.3 | 26.9 | 20.9 | 23.9 | |
| September | 27.7 | 28.3 | 26.6 | 19.9 | 24.8 | |
| October | 27.8 | 28.2 | 26.4 | 20.0 | 25.0 | |
| November | 28.0 | 28.0 | 26.0 | 20.1 | 25.1 | |
| December | 28.2 | 27.9 | 25.5 | 20.4 | 25.0 | |