Advocaten

Notarissen

Belastingadviseurs

To Akzo Nobel N.V. (the “Issuer”)

Christian Neefestraat 2

1077 WW AMSTERDAM

The Netherlands

Burgerweeshuispad 201

P.O. Box 75084

1070 AB Amsterdam

T +31 20 577 1771

F +31 20 577 1775

Tijmen Klein Bronsvoort

E tijmen.kleinbronsvoort@debrauw.com

T +31 20 577 1357 (direct)

T +31 20 577 1353 (secretary)

F +31 20 577 1775

Re:  De Brauw Blackstone Westbroek N.V. Opinion

INTRODUCTION

SCOPE OF WORK

This opinion is limited to Dutch law. It (including all terms used in it) is to be construed in accordance with Dutch law.

As required by Dutch law, in preparing and issuing this opinion, we have observed the care which is to be expected from a reasonably proficient and reasonably acting Dutch opinion giver in similar circumstances.

De Brauw Blackstone Westbroek N.V., Amsterdam, is registered with the Trade Register in the Netherlands under no. 27171912.

All services and other work are carried out under an agreement of instruction (“overeenkomst van opdracht”) with De Brauw Blackstone Westbroek N.V. The agreement is subject to the General Conditions, which have been filed with the register of the District Court in Amsterdam and contain a limitation of liability.

Client account notaries ING Bank IBAN NL83INGB0693213876 BIC INGBNL2A.

FACTUAL RESEARCH

A copy of the Registration Statement.

A copy of:

the Issuer’s deed of incorporation and its articles of association as most recently amended on 15 May 2020, as provided to us by the Chamber of Commerce (Kamer van Koophandel);

both Board Regulations;

the Trade Register Extract; and

the Shareholders’ Register.

ASSUMPTIONS

Each copy document conforms to the original and each original is genuine and complete.

Each signature is the genuine signature of the individual concerned and, if an electronic signature, is sufficiently reliable.

The Registration Statement has been or will have been filed with the SEC in the form referred to in this opinion.

The issue by the Issuer of the Registration Shares (or of any rights to acquire Registration Shares) will have been validly authorised; and

any pre-emption rights in respect of the issue of the Registration Shares (or of any rights to acquire Registration Shares) will have been observed or validly excluded,

The Issuer’s authorised share capital at the time of issue of any Registration Share will be sufficient to allow for the issue.

The Registration Shares will have been:

issued in the form and manner prescribed by the Issuer’s articles of association at the time of issue; and

otherwise offered, issued and accepted by their subscribers in accordance with all applicable laws (including, for the avoidance of doubt, Dutch law).

The nominal amount of the Registration Shares and any agreed share premium will have been validly paid up in accordance with applicable law and the Merger Agreement.

OPINION

When issued, the Registration Shares will have been validly issued and will be fully paid and nonassessable¹.

QUALIFICATIONS

RELIANCE

This opinion is an exhibit to the Registration Statement and may be relied upon for the purpose of the Registration and not for any other purpose.

In this opinion, “nonassessable” – which term has no equivalent in Dutch – means, in relation to a share, that the issuer of the share has no right to require the holder of the share to pay to the issuer any amount (in addition to the amount required for the share to be fully paid) solely as a result of his shareholdership.

Each person relying on this opinion in doing so agrees that:

the agreements in paragraph 7, our duty of care and all liability and other matters relating to this opinion will be governed exclusively by Dutch law and the Dutch courts will have exclusive jurisdiction to settle any dispute relating to them; and

only we, De Brauw, (and not any other person, including any person working at or affiliated with us) will have any liability in connection with this opinion.

The Issuer may:

file this opinion as an exhibit to the Registration Statement; and

refer to De Brauw giving this opinion under the heading “Legal Matters” in the prospectus included in the Registration Statement.

Yours faithfully,

De Brauw Blackstone Westbroek N.V.

/s/ Tijmen Klein Bronsvoort

Tijmen Klein Bronsvoort

Candidate civil law notary, acting as party adviser (partijadviseur) for the Issuer

the ‘Rules of Procedure Board of Management Akzo Nobel N.V. and Executive Committee Akzo Nobel N.V.’ dated 10 December 2023; and

the ‘Rules of Procedure Supervisory Board Akzo Nobel N.V.’ dated 4 December 2023;