Exhibit 99.12
(Text of graph posted to Ashland Inc.'s website concerning
Valvoline's gross profit)
3 Month Rolling Average (%)
2002 2003 2004 2005 2006 2007
------ ------ ------ ------ ------ ------
January 26.4 26.6 27.5 26.7 21.4 24.5
February 27.3 26.8 27.4 27.4 21.6 25.1
March 28.9 27.2 27.7 28.3 22.0 25.6
April 30.0 26.8 28.3 28.8 21.4 25.1
May 30.1 27.7 28.5 28.1 20.4
June 29.5 28.5 28.7 25.9 20.2
July 29.4 29.7 29.1 25.4 19.6
August 29.4 29.8 29.6 25.6 19.0
September 30.3 28.7 28.5 25.4 16.0
October 29.0 28.1 27.7 24.5 17.9
November 28.2 27.5 26.4 23.0 19.7
December 26.1 28.3 26.8 22.1 23.8
12 Month Rolling Average (%)
2002 2003 2004 2005 2006 2007
------ ------ ------ ------ ------ ------
January 27.7 28.8 28.1 28.0 25.1 20.7
February 27.8 28.7 28.1 28.0 24.7 21.0
March 27.7 28.3 28.3 28.1 23.9 21.4
April 27.8 28.0 28.4 28.1 23.2 21.7
May 28.0 28.0 28.3 27.9 22.6
June 28.0 28.1 28.3 27.4 22.4
July 28.2 28.1 28.3 27.2 21.7
August 28.3 28.2 28.3 26.9 20.9
September 28.6 27.7 28.3 26.6 19.9
October 28.8 27.8 28.2 26.4 20.0
November 28.8 28.0 28.0 26.0 20.1
December 28.8 28.2 27.9 25.5 20.4