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| THE DOW CHEMICAL COMPANY EMPLOYEES' SAVINGS PLAN |
| PLAN SPONSOR: THE DOW CHEMICAL COMPANY | |
| EMPLOYER IDENTIFICATION NO. 38-1285128 | |
| PLAN NO. 002 | | |
| SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) |
| INCLUDING APPENDICES A - B | |
AT DECEMBER 31, 2025 | |
| | (c) | | |
| | Description of Investment | | (e) |
| (b) | Including Maturity Date, | (d) | Current |
| Identity of Issuer, Borrower, | Rate of Interest, Collateral, | Cost or Contract | Value |
| (a) | Lessor or Similar Party | Par or Maturity Value | Value | (In millions) |
| * | Dow Stock | Dow Stock | ** | $ | 357 | |
| Neuberger Genesis R6 | Mutual Fund | ** | 179 | |
| TRP High Yield Inst | Mutual Fund | ** | 125 | |
| BlackRock LP Paycheck 2021 Income | Common/Collective Trust | ** | 66 | |
| BlackRock LP Paycheck 2024 Income | Common/Collective Trust | ** | 128 | |
| BlackRock LP Paycheck 2027 Income | Common/Collective Trust | ** | 156 | |
| BlackRock LP Paycheck 2030 Income | Common/Collective Trust | ** | 222 | |
| BlackRock LP Paycheck 2033 Income | Common/Collective Trust | ** | 254 | |
| BlackRock LP Paycheck 2035 Income | Common/Collective Trust | ** | 164 | |
| BlackRock LP Paycheck 2036 Income | Common/Collective Trust | ** | 83 | |
| BlackRock LP Paycheck 2040 Income | Common/Collective Trust | ** | 516 | |
| BlackRock LP Paycheck 2045 Income | Common/Collective Trust | ** | 460 | |
| BlackRock LP Paycheck 2050 Income | Common/Collective Trust | ** | 414 | |
| BlackRock LP Paycheck 2055 Income | Common/Collective Trust | ** | 402 | |
| BlackRock LP Paycheck 2060 Income | Common/Collective Trust | ** | 155 | |
| BlackRock LP Paycheck 2065 Income | Common/Collective Trust | ** | 51 | |
| BlackRock LP Paycheck 2070 Income | Common/Collective Trust | ** | 8 | |
| BlackRock LP Paycheck 40-60 | Common/Collective Trust | ** | 133 | |
| BlackRock LP Paycheck 50-50 | Common/Collective Trust | ** | 5 | |
| SS EMRG MKTS IDX II | Common/Collective Trust | ** | 123 | |
| SS GACEQ EXUS IDX II | Common/Collective Trust | ** | 210 | |
| INV GOVT Liquidty TR | Common/Collective Trust | ** | 179 | |
| Putnam Large Cap Value Fund | Common/Collective Trust | ** | 70 | |
| BBH Core Plus FX Inc | Common/Collective Trust | ** | 150 | |
| FH MDT Mid Cap Growth Fund | Common/Collective Trust | ** | 320 | |
| Franklin US Tips | Common/Collective Trust | ** | 55 | |
| MKS Convertible | Common/Collective Trust | ** | 33 | |
| MFS US REIT Fund | Common/Collective Trust | ** | 46 | |
| BR Equity Index | Common/Collective Trust | ** | 2,253 | |
| BR Extended EQ MKT | Common/Collective Trust | ** | 407 | |
| BR US Debt Index NL | Common/Collective Trust | ** | 163 | |
| Active Global ACW EQ | Common/Collective Trust | ** | 223 | |
| Diverse Commodity | Common/Collective Trust | ** | 24 | |
| Diverse Fixed Income | Mutual Fund | ** | 18 | |
| Vang Dev Mkt IDX IP | Mutual Fund | ** | 239 | |
| Vang LT Treasury ADM | Mutual Fund | ** | 40 | |
| Small Cap Index Fund | Common/Collective Trust | ** | 295 | |
| * | Fidelity Contrafund Pool CL 3 | Common/Collective Trust | ** | 1,574 | |
| * | Interest Bearing Cash | Temporary Investments | ** | 6 | |
| | | | |
| * | Fidelity Short Term Investment Fund | Temporary Investments | ** | 18 | |
| * | Participant Notes Receivable | Interest recorded at prime rate (3.25% - 8.5%) | ** | 106 | |
| Subtotal | | | $ | 10,430 | |