Exhibit 99.5
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Water Technologies gross profit)
| 3 Month Rolling Average (%)* | |||||
| 2008 | 2009 | 2010 | 2011 | 2012 | |
| January | 38.1 | 30.5 | 36.2 | 31.6 | 30.8 |
| February | 36.4 | 31.6 | 35.9 | 30.5 | 31.3 |
| March | 37.3 | 32.6 | 34.5 | 31.3 | 32.1 |
| April | 36.9 | 34.6 | 35.0 | 30.8 | 32.6 |
| May | 37.8 | 36.3 | 33.5 | 31.2 | 32.5 |
| June | 37.2 | 34.7 | 33.7 | 29.7 | 32.1 |
| July | 37.1 | 35.7 | 32.8 | 30.3 | 32.1 |
| August | 36.2 | 34.8 | 32.8 | 30.7 | 31.7 |
| September | 32.9 | 36.7 | 31.7 | 30.5 | 31.8 |
| October | 33.0 | 36.1 | 30.8 | 31.2 | |
| November | 31.5 | 36.0 | 31.2 | 30.3 | |
| December | 32.5 | 36.6 | 31.6 | 30.8 |
| 12 Month Rolling Average (%)* | |||||
| 2008 | 2009 | 2010 | 2011 | 2012 | |
| January | 39.0 | 34.0 | 35.6 | 32.5 | 30.7 |
| February | 38.7 | 33.1 | 35.8 | 32.0 | 31.0 |
| March | 38.6 | 33.0 | 35.6 | 32.0 | 30.8 |
| April | 38.3 | 33.0 | 35.7 | 31.5 | 31.1 |
| May | 38.3 | 33.2 | 35.1 | 31.4 | 31.2 |
| June | 38.4 | 32.7 | 35.4 | 31.0 | 31.4 |
| July | 37.8 | 33.2 | 35.0 | 30.9 | 31.5 |
| August | 37.5 | 33.3 | 34.6 | 30.9 | 31.5 |
| September | 36.7 | 33.9 | 34.1 | 30.8 | 31.7 |
| October | 36.3 | 33.9 | 33.7 | 30.9 | |
| November | 35.3 | 34.7 | 33.4 | 30.8 | |
| December | 34.8 | 35.2 | 32.8 | 30.7 |
*NOTE: Information from October 2008 and prior does not include the Paper Technologies and Ventures operations of Hercules acquired on November 13, 2008. The calculated gross profit percentages for November and December of 2008 exclude the impact of purchase accounting inventory step-up adjustments.