<SEC-DOCUMENT>0000930413-15-002329.txt : 20150506
<SEC-HEADER>0000930413-15-002329.hdr.sgml : 20150506
<ACCEPTANCE-DATETIME>20150506123516
ACCESSION NUMBER:		0000930413-15-002329
CONFORMED SUBMISSION TYPE:	DFAN14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20150506
DATE AS OF CHANGE:		20150506
EFFECTIVENESS DATE:		20150506

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DUPONT E I DE NEMOURS & CO
		CENTRAL INDEX KEY:			0000030554
		STANDARD INDUSTRIAL CLASSIFICATION:	PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820]
		IRS NUMBER:				510014090
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DFAN14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00815
		FILM NUMBER:		15836013

	BUSINESS ADDRESS:	
		STREET 1:		1007 MARKET ST
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19898
		BUSINESS PHONE:		3027741000

	MAIL ADDRESS:	
		STREET 1:		1007 MARKET ST
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19898

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRIAN FUND MANAGEMENT, L.P.
		CENTRAL INDEX KEY:			0001345471
		IRS NUMBER:				203454182
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		DFAN14A

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		41ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-451-3000

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		41ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Trian Fund Management, L.P.
		DATE OF NAME CHANGE:	20051128
</SEC-HEADER>
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<TYPE>DFAN14A
<SEQUENCE>1
<FILENAME>c81329_dfan14a.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


<!-- Field: Rule-Page --><DIV ALIGN="CENTER"><DIV STYLE="font-size: 1pt; border-top: Black 1px solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 14A </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>




<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Rule 14a-101) </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INFORMATION REQUIRED IN PROXY STATEMENT
</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proxy Statement Pursuant to Section 14(a)
of </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>the Securities Exchange Act of 1934 </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Amendment No. &nbsp;&nbsp; )</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; font: 10pt Times New Roman, Times, Serif">Filed by the Registrant&nbsp;<FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="width: 60%; font: 10pt Times New Roman, Times, Serif">Filed by a Party other than the Registrant&nbsp;<FONT STYLE="font-family: Wingdings">x</FONT></TD></TR>
</TABLE>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0pt; text-indent: 0pt">Check the appropriate box:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12.2pt; text-indent: -12.25pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font-family: Wingdings">o</FONT></td>
    <TD STYLE="width: 96%">Preliminary Proxy Statement </td></tr>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Wingdings">o</FONT></td>
    <TD><B>Confidential, for Use of the Commission Only&nbsp;(as permitted by
    Rule 14a-6(e)(2))</B> </td></tr>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Wingdings">o</FONT></td>
    <TD>Definitive Proxy Statement </td></tr>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Wingdings">x</FONT></td>
    <TD>Definitive Additional Materials </td></tr>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Wingdings">o</FONT></td>
    <TD>Soliciting Material under &sect;240.14a-12 </td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>E. I. du Pont de Nemours and Company</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Registrant as Specified In Its
Charter) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian Fund Management, L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian Fund Management GP, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian Partners, L.P. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian Partners Strategic Investment Fund,
L.P. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian Partners Strategic Investment Fund
II, L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian Partners Master Fund, L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian Partners Parallel Fund I, L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian Partners Master Fund (ERISA), L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian Partners Strategic Investment Fund-A,
L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian Partners Strategic Investment Fund-D,
L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian Partners Strategic Investment Fund-N,
L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian SPV (SUB) VIII, L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian Partners Fund (Sub)-G, L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Trian Partners Fund (Sub)-G II, L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Nelson Peltz</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Peter W. May</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Edward P. Garden</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>John H. Myers</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Arthur B. Winkleblack</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Robert J. Zatta</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Person(s)
Filing Proxy Statement, if other than the Registrant) </B></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PAYMENT OF FILING FEE </B>(Check the appropriate box):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font-family: Wingdings">x</FONT></td>
    <TD STYLE="width: 96%">No fee required </td></tr>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Wingdings">o</FONT></td>
    <TD>Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
    </td></tr>
</table><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="width: 4%">&nbsp;</td>
    <TD STYLE="vertical-align: top; width: 4%">1)</td>
    <TD STYLE="vertical-align: top; width: 92%">Title of each class of securities to which transaction
    applies:</td></tr>

<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</td>
    <TD STYLE="vertical-align: top; border-top: Black 1px solid">2)</td>
    <TD STYLE="vertical-align: top; border-top: Black 1px solid">Aggregate number of securities to which transaction applies: </td></tr>

<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</td>
    <TD STYLE="vertical-align: top; border-top: Black 1px solid">3)</td>
    <TD STYLE="vertical-align: top; border-top: Black 1px solid">Per unit price or other underlying value of transaction computed pursuant
    to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): </td></tr>

<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</td>
    <TD STYLE="vertical-align: top; border-top: Black 1px solid">4)</td>
    <TD STYLE="vertical-align: top; border-top: Black 1px solid">Proposed maximum aggregate value of transaction: </td></tr>

<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</td>
    <TD STYLE="vertical-align: top; border-top: Black 1px solid">5)</td>
    <TD STYLE="vertical-align: top; border-top: Black 1px solid">Total fee paid: </td></tr>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font-family: Wingdings">o</FONT></td>
    <TD STYLE="width: 96%">Fee paid previously with preliminary materials. </td></tr>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Wingdings">o</FONT></td>
    <TD>Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify
    the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number,
    or the Form or Schedule and the date of its filing. </td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="width: 4%">&nbsp;</td>
    <TD STYLE="vertical-align: top; width: 4%">1)</td>
    <TD STYLE="vertical-align: top; width: 92%">Amount Previously Paid: </td></tr>

<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</td>
    <TD STYLE="vertical-align: top">2)</td>
    <TD STYLE="vertical-align: top">Form, Schedule or Registration Statement No.: </td></tr>

<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</td>
    <TD STYLE="vertical-align: top">3)</td>
    <TD STYLE="vertical-align: top">Filing Party: </td></tr>

<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</td>
    <TD STYLE="vertical-align: top">4)</td>
    <TD STYLE="vertical-align: top">Date Filed: </td></tr>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1px solid">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On May 6, 2015, Trian Fund
Management, L.P. issued the following press release:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><IMG SRC="x1_c81329a001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TRIAN ISSUES OPEN LETTER TO DUPONT STOCKHOLDERS
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Urges Stockholders to Vote <U>GOLD</U>
Proxy Card FOR Trian&rsquo;s Four Highly Qualified Nominees</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Emphasizes Need for Change in the Boardroom
to Address DuPont&rsquo;s Consistent <BR>
Underperformance</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NEW YORK, May 6, 2015</B> &ndash; Trian Fund Management,
L.P., one of the largest stockholders of E. I. du Pont de Nemours and Company (NYSE: DD), which currently beneficially owns approximately
24.6 million DuPont shares valued at approximately $1.8 billion, today released an open letter to DuPont stockholders. Trian believes
now is the time to bring change to the DuPont boardroom, and urges stockholders to vote the <B><U>GOLD</U> </B>proxy card <B>FOR</B>
Nelson Peltz, John H. Myers, Arthur B. Winkleblack and Robert J. Zatta at DuPont&rsquo;s May 13<SUP>th</SUP> Annual Meeting of
Stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Trian&rsquo;s letter to stockholders can be found below and
at: <U>www.DuPontCanBeGreat.com</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Fellow Stockholders:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">With DuPont&rsquo;s May 13<SUP>th</SUP> Annual Meeting just
around the corner, we would like to thank you for your consideration in this very important election. In a few days, stockholders
will have the opportunity to rejuvenate the DuPont Board with new directors who will work constructively with management to build
DuPont into a stronger, more transparent and more valuable company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>TRIAN ADDS VALUE IN THE BOARDROOM
AND BRINGS THE OWNERSHIP <BR>
MENTALITY NECESSARY TO DRIVE LONG-TERM VALUE CREATION</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Trian has a track record of adding value in the boardroom, and
we believe our four highly qualified nominees have the experience, skills, passion, and independent insight needed to help make
DuPont <B><U>GREAT</U> </B>again. <B>All three leading proxy advisory firms, ISS, Glass Lewis, and Egan-Jones, agree with us that
change is needed at DuPont and that Trian brings the ownership mentality necessary to drive meaningful change and long-term value
creation. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Trian&rsquo;s core competency is our ability to be a catalyst
for significant operating improvements and increased stockholder value at the companies in which we invest. As ISS noted in its
recent report: &ldquo;the extensive preparation of the Trian method&mdash;providing its executives who go on boards with extensive
analytic support throughout their tenures&mdash;may not be simply desirable, but necessary to drive the appropriate change.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>The Trian portfolio companies at which Nelson Peltz has previously
served on the board have <I><U>OUTPERFORMED</U></I> the S&amp;P 500 Index by an average of 8.4% annually </B>from the date of Trian&rsquo;s
initial investment through the present<B>.</B><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1</SUP></FONT> If
elected, <B><U>all four Trian nominees</U></B> will bring relevant skill sets and operating experience to the DuPont boardroom,
along with strong track records leading high-performance organizations, fresh perspectives, and an openness to exploring ideas
to create long-term value:</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Nelson Peltz </B>is CEO and a founding partner of Trian. Mr. Peltz is a director of The Wendy&rsquo;s Company and serves
as its non-executive Chairman. He is also a director of Mondel&#275;z International, Inc. and The Madison Square Garden Company,
and has previously served on the boards of directors of Ingersoll-Rand plc, H.J. Heinz Company and Legg Mason Inc., where he was
Chairman of the Nominating and Corporate Governance Committee. Mr. Peltz has 40 years of experience in investing, turning around
and building companies at both the management and board level.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>John H. Myers</B> is the former President and CEO of GE Asset Management, where he was responsible for growing the business
from $58 billion to $200 billion in assets under management over a decade. Mr. Myers, who also spent over a decade working on the
industrial side of General Electric with Jack Welch, has experience balancing the power between division management and the parent
company within a conglomerate.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Arthur B. Winkleblack</B> is the former Executive Vice President and CFO of H.J. Heinz Company, where he helped lead strategic
initiatives that transformed a 100+ year old iconic company by streamlining operations and returning it to consistent and profitable
growth.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Robert J. Zatta</B> is the former acting CEO and longtime CFO of Rockwood Holdings, Inc., a specialty chemicals company,
where he led the turnaround and transformation of Rockwood. Mr. Zatta helped Rockwood achieve best-in-class margins by empowering
division management, running a decentralized model with minimal corporate overhead and optimizing the value of the portfolio through
M&amp;A.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>We greatly appreciate the support we have received from so
many of you and urge all stockholders to vote for our FOUR nominees on the <U>GOLD</U> proxy card TODAY so that, together, we can
make DuPont <U>GREAT</U> again</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Trian believes DuPont has tremendous potential, as evidenced
by our significant investment in DuPont of approximately 24.6 million shares valued at approximately $1.8 billion, and the fact
that even after we issued our White Paper in September 2014, we continued to acquire DuPont stock. <B>We believe DuPont&rsquo;s
implied target value per share could be in excess of $120 per share by the end of 2017.</B><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>2</SUP></FONT><B>
</B>By contrast, DuPont&rsquo;s CEO has sold 54% of her stock since Trian invested in 2013, all at prices of $72 or less.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>3</SUP></FONT>
While DuPont&rsquo;s CEO speaks of her vision for DuPont, we believe the sales of her DuPont stock reveal her lack of confidence
in the future of the Company. We grant stock to our senior executives in order to ensure that their incentives are aligned with
stockholders, not so they can sell prematurely.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">We believe that our nominees will bring a far greater level
of engagement to the DuPont Board than the current DuPont directors who do not have a significant ownership interest in the Company.
In our view, these directors do not have an ownership mentality, have been reactive in overseeing DuPont, and have tolerated consistent
operational underperformance.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>IT
Is Time to ADDRESS the Root Cause of Underperformance: </U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>DUPONT&rsquo;S
Bureaucratic and Bloated Corporate Structure<BR>
</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">If elected, our director nominees will work with the other board
members and management to address DuPont&rsquo;s failure to grow earnings, its inability to deliver best-in-class financial metrics,
and its failed portfolio strategies, which have led to long-term underperformance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Failure to grow earnings:</U></B> Operating earnings in
each of 2012, 2013, 2014 and, according to management&rsquo;s own guidance, 2015, all will be below earnings in 2011.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>4</SUP></FONT>
<B>Had DuPont met its previously announced financial targets since 2011, EPS would be 51% higher than it actually was in 2014.</B><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>5</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Failure to deliver best-in-class operating metrics:</U></B>
DuPont is underperforming its peers in revenue growth and margins in five of its seven operating segments. Returning DuPont to
greatness will require a commitment to achieving best-in-class metrics across all business units. Trian believes there is an opportunity
to eliminate $2 to $4 billion of excess corporate costs.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>6</SUP></FONT>
<B>Given DuPont&rsquo;s current EBITDA multiple of approximately 10x,<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>7</SUP></FONT>
we believe DuPont could deliver approximately $20 to $40 billion of additional value to stockholders by delivering on Trian&rsquo;s
savings targets, but only if cost-cutting plans are well executed and the resulting savings hit the bottom line</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>When DuPont sells businesses, buyers prosper</U></B><U>:</U>
The same businesses that decline under DuPont ownership have prospered once free from DuPont&rsquo;s corporate structure. When
DuPont announced the sale of its coatings business (Axalta) in 2012 to a private equity buyer, Axalta&rsquo;s revenue and profits
were declining and management viewed the business as mature and no longer core.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>8</SUP></FONT>
Under new ownership, however, Axalta quickly reduced overhead, invested in growth and more than doubled EBITDA.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>9</SUP></FONT>
A business that was sold for net proceeds of $4 billion is now valued as a public company at approximately $11 billion.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>10</SUP></FONT>
Warren Buffett&rsquo;s Berkshire Hathaway recently became Axalta&rsquo;s second largest shareholder and the company now trades
at 30x forward earnings, a nearly 60% premium to DuPont,<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>11</SUP></FONT>
which is reflective of Axalta&rsquo;s strong growth and margin profile. <B>We believe what transpired at Axalta illustrates the
value creation potential across DuPont&rsquo;s portfolio</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>When DuPont acquires businesses, stockholders suffer</U></B><U>:</U>
DuPont acquired Danisco in 2011 for $7 billion. Since the acquisition, Danisco&rsquo;s organic revenue growth has slowed to 3%,<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>12</SUP></FONT>
compared to the company&rsquo;s 5%<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>13</SUP></FONT> growth rate from
2006-2011 when Danisco was standalone and the 8-10% growth target set by DuPont.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>14</SUP></FONT>
Under DuPont ownership, the operating margin is down by approximately 33% from 2010 (pre-transaction).<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>15</SUP></FONT>
<B>Stockholders should not tolerate flawed M&amp;A execution like the acquisition of Danisco</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Long-term underperformance</U></B><U>:</U> DuPont&rsquo;s
management and Board argue that performance has been strong as evidenced by the total shareholder return (TSR) generated under
Ellen Kullman. Such analysis ignores the fact that DuPont&rsquo;s stock price when she took office in January 2009 was down more
than 50% from the prior year&rsquo;s high.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>16</SUP></FONT> It also
ignores the fact that the stock is up significantly despite earnings being down since 2011. Every investor knows that sooner or
later a company&rsquo;s shares will trade based on earnings. DuPont&rsquo;s shares have not traded based on fundamentals, but rather,
in our view, on the expectation that Trian will be a positive agent of</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">change.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>17</SUP></FONT>
Disturbingly, despite the recent share price rally, DuPont&rsquo;s stock price still remains below where it traded at the time
of the Conoco separation in 1998.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>THE MARKET HAS SPOKEN</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">The three days of greatest stock price outperformance versus
the S&amp;P 500 Index during CEO Ellen Kullman&rsquo;s tenure occurred when:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><B>1)</B></TD><TD><B>Trian&rsquo;s stake was first publicly reported by CNBC</B></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><B>2)</B></TD><TD><B>Trian released its initial White Paper last fall</B></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><B>3)</B></TD><TD><B>ISS last week recommended changes to the DuPont Board and that DuPont stockholders vote the GOLD proxy card for Nelson Peltz
and John H. Myers</B><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>18</SUP></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Meanwhile, the cumulative change in share price over all 32
earnings and guidance events since Ellen Kullman became CEO is a drop of approximately $12 per share.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>19</SUP></FONT>
In fact, the share price has declined in response to seven of the last nine earnings and guidance events,<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>20</SUP></FONT>
which we believe suggests that trends are worsening.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>DO NOT BE DECEIVED BY DUPONT&rsquo;S
SCARE TACTICS </U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>AND MISLEADING STATEMENTS REGARDING
TRIAN</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">DuPont has resorted to scare tactics and misleading statements
regarding Trian&rsquo;s position on key issues. DuPont characterizes Trian&rsquo;s plan as &ldquo;a high risk, value destructive
plan to break up DuPont&rdquo; that would add &ldquo;excessive debt.&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>21</SUP></FONT>
Trian is not dogmatic as to the best path forward regarding corporate structure. Our main objective is to ensure the operating
segments that comprise DuPont achieve best-in-class operating metrics, including revenue growth and margins.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">As previously mentioned, five of DuPont&rsquo;s operating segments
underperform peers today. We believe that Trian&rsquo;s nominees, working as a minority of the Board together with DuPont&rsquo;s
other board members, will be able to assess the corporate structure to determine if management is capable of achieving best-in-class
operating metrics with the existing portfolio or whether further portfolio changes are required. Regarding leverage, we are committed
to maintaining DuPont&rsquo;s investment grade credit rating. We find it ironic that we had proposed to DuPont in 2014 that Chemours
remain investment grade,<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>22</SUP></FONT> and DuPont management subsequently
chose to make Chemours non-investment grade.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>23</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>Now
is the Time to Bring Change to DuPont&rsquo;s Boardroom</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">We have been owners of DuPont for over two years and believe
the company has tremendous long-term potential. Unfortunately, in our view, the DuPont Board has not been an effective fiduciary
for stockholders. As ISS&rsquo;s recent report noted: &ldquo;[o]perating efficiency is not what it should be, yet instead of addressing
the core issues, the board and management, at least in their communications with shareholders, are more inclined to obfuscation
than accountability.&rdquo;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, consider the following:<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Earnings guidance has been missed three years in a row from 2012-2014<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>24</SUP></FONT>
&ndash; and management has already lowered 2015 guidance to the low end of the previously announced range after only one quarter.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>25</SUP></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Last year, financial metrics drove a &ldquo;zero&rdquo; payout for the corporate performance portion of the Company&rsquo;s
executive bonus plan, and yet the Board&rsquo;s Compensation Committee awarded 80-100% payouts for individual performance &#8211;
sending conflicting and irreconcilable messages: according to the Committee, the Company performed poorly but management as individuals
performed well.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>26</SUP></FONT><BR>
</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Axalta&rsquo;s EBITDA and value more than doubled within two years of being sold.<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>27</SUP></FONT>
In fact, when Trian met with the Lead Director and CEO in December 2013, it was clear to Trian that the Lead Director was unaware
of Axalta&rsquo;s vastly improved performance since the sale. In our view, this was because management holds an &ldquo;information
advantage&rdquo; over the Board.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>DuPont&rsquo;s Board, in our view, has been reactive and
not proactive.</B> Why did DuPont wait until it knew Trian had taken a position to announce a strategic alternatives study of Performance
Chemicals (i.e. Chemours)? Why did DuPont wait until one year after Trian shared its White Paper and management once again lowered
guidance before announcing the &ldquo;Fresh Start&rdquo; cost reduction plan? Why did DuPont wait until Trian filed a slate to
upgrade talent on its board (i.e., Messrs. Breen and Gallogly)? Why should stockholders assume the Board will make the best long-term
decisions for stockholders going forward once pressure from the proxy contest ceases?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>It is time for change at DuPont</U></B>. We need a Board
that is committed to promoting transparency, holding management accountable for poor operating performance, eliminating management&rsquo;s
information advantage over directors, linking management compensation and performance, and helping create value for the benefit
of <U>all </U>stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>ENHANCE YOUR INVESTMENT&mdash;VOTE
GOLD TODAY</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Help make DuPont <B><U>GREAT</U> </B>again. We urge you to vote
the <B><U>GOLD</U></B> proxy card today to elect Nelson Peltz, John H. Myers, Arthur B. Winkleblack and Robert J. Zatta. <B>Your
vote is important, no matter how many or how few shares you own.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Sincerely, </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%">Nelson Peltz</TD>
    <TD STYLE="width: 33%">Peter May</TD>
    <TD STYLE="width: 33%">Ed Garden</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><I>Founding Partner &amp;</I></TD>
    <TD><I>Founding Partner &amp;</I></TD>
    <TD><I>Founding Partner &amp;</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><I>Chief Executive</I></TD>
    <TD><I>President</I></TD>
    <TD><I>Chief Investment </I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><I>Officer</I></TD>
    <TD></TD>
    <TD><I>Officer</I></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">More information about Trian and our director nominees can be
found on our website at:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>www.DuPontCanBeGreat.com</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Note: Trian has neither sought nor obtained consent from any
third party to use previously published information in this press release. ISS quotes are from the ISS Special Situations Research
Analysis, &ldquo;DuPont (DD): proxy contest with Trian Fund Management,&rdquo; dated April 26, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Trian Fund Management, L.P.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Founded in 2005 by Nelson Peltz, Peter May and Ed Garden, Trian
seeks to invest in high quality but undervalued and under-performing public companies and to work constructively with the management
and boards of those companies to significantly enhance shareholder value for all shareholders through a combination of improved
operational execution, strategic re-direction, more efficient capital allocation and increased focus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Media Contact:</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Anne A. Tarbell</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Trian Fund Management, L.P.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">(212) 451-3030</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><U>atarbell@trianpartners.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt">George Sard</FONT><BR>
    <FONT STYLE="font-size: 12pt">Sard Verbinnen &amp; Co </FONT><BR>
    <FONT STYLE="font-size: 12pt">(212) 687-8080</FONT><BR>
    <FONT STYLE="font-size: 12pt"><U>gsard@SARDVERB.com</U></FONT><BR>
    <BR></TD>
    <TD STYLE="width: 34%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt">Carissa Felger</FONT><BR>
    <FONT STYLE="font-size: 12pt">Sard Verbinnen &amp; Co </FONT><BR>
    <FONT STYLE="font-size: 12pt">(212) 687-8080</FONT><BR>
    <FONT STYLE="font-size: 12pt"><U>cfelger@SARDVERB.com</U></FONT><BR>
    <BR></TD>
    <TD STYLE="width: 33%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt">Amanda Klein</FONT><BR>
    <FONT STYLE="font-size: 12pt">Sard Verbinnen &amp; Co </FONT><BR>
    <FONT STYLE="font-size: 12pt">(212) 687-8080</FONT><BR>
    <FONT STYLE="font-size: 12pt"><U>aklein@SARDVERB.com</U></FONT><BR>
    <BR></TD></TR>
</TABLE>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Investor Contact:</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt">Charlie
    Koons </FONT><BR>
    <FONT STYLE="font-size: 12pt">MacKenzie Partners, Inc.</FONT><BR>
    <FONT STYLE="font-size: 12pt">(212) 929-5708</FONT><BR>
    <FONT STYLE="font-size: 12pt"><U>ckoons@mackenziepartners.com</U></FONT></TD>
    <TD STYLE="width: 50%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt">Daniel
    Burch </FONT><BR>
    <FONT STYLE="font-size: 12pt">MacKenzie Partners, Inc.</FONT><BR>
    <FONT STYLE="font-size: 12pt">(212) 929-5748</FONT><BR>
    <FONT STYLE="font-size: 12pt"><U>dburch@mackenziepartners.com</U></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>The views expressed in this press release represent the opinions
of Trian Fund Management, L.P. (&ldquo;<U>Trian</U>&rdquo;) and the investment funds it manages that hold shares of E.I. du Pont
de Nemours and Company (collectively, Trian with such funds, &ldquo;<U>Trian Partners</U>&rdquo;), and are based on publicly available
information with respect to E. I. du Pont de Nemours and Company (the &ldquo;<U>Company</U>&rdquo;). Trian Partners recognizes
that there may be confidential information in the possession of the Company that could lead it to disagree with Trian Partners&rsquo;
conclusions. Trian Partners reserves the right to change any of its opinions expressed herein at any time as it deems appropriate.
Trian Partners disclaims any obligation to update the information or opinions contained in this press release.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Certain financial projections and statements made herein
have been derived or obtained from filings made with the Securities and Exchange Commission (&ldquo;<U>SEC</U>&rdquo;) or other
regulatory</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I></I></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>authorities and from other third party reports. Neither the Participants (as defined below) nor any of their affiliates
shall be responsible or have any liability for any misinformation contained in any third party SEC or other regulatory filing or
third party report. There is no assurance or guarantee with</I> <I>respect to the prices at which any securities of the Company
will trade, and such securities may not trade at prices that may be implied herein. The estimates, projections and potential impact
of the opportunities identified by Trian Partners herein are based on assumptions that Trian Partners believes to be reasonable
as of the date of this press release, but there can be no assurance or guarantee that actual results or performance of the Company
will not differ, and such differences may be material.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>This press release is provided merely as information and
is not intended to be, nor should it be construed as, an offer to sell or a solicitation of an offer to buy any security. This
press release does not recommend the purchase or sale of any security. Funds managed by Trian currently beneficially own, and/or
have an economic interest in, shares of the Company. These funds are in the business of trading &ndash; buying and selling&ndash;
securities. It is possible that there will be developments in the future that cause one or more of such funds from time to time
to sell all or a portion of their holdings of the Company in open market transactions or otherwise (including via short sales),
buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls or other
derivative instruments relating to such shares.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Cautionary Statement Regarding Forward-Looking Statements</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>This press release contains forward-looking statements. All
statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events
are forward-looking, and the words &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;potential,&rdquo;
&ldquo;opportunity,&rdquo; &ldquo;estimate,&rdquo; &ldquo;plan,&rdquo; and similar expressions are generally intended to identify
forward-looking statements. The projected results and statements contained in this press release that are not historical facts
are based on current expectations, speak only as of the date of this press release and involve risks, uncertainties and other factors
that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements
expressed or implied by such projected results and statements. Assumptions relating to the foregoing involve judgments with respect
to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult
or impossible to predict accurately and many of which are beyond the control of Trian Partners. Although Trian Partners believes
that the assumptions underlying the projected results or forward-looking statements are reasonable as of the date of this press
release, any of the assumptions could be inaccurate and therefore, there can be no assurance that the projected results or forward-looking
statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the
projected results and forward-looking statements included in this press release, the inclusion of such information should not be
regarded as a representation as to future results or that the objectives and strategic initiatives expressed or implied by such
projected results and forward-looking statements will be achieved. Trian Partners will not undertake and specifically declines
any obligation to disclose the results of any revisions that may be made to any projected results or forward-looking statements
in this press release to reflect events or circumstances after the date of such projected results or statements or to reflect the
occurrence of anticipated or unanticipated events.</I></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Additional Information</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Trian and the investment funds that it manages that hold
shares of E.I. du Pont de Nemours and Company (collectively, Trian with such funds, &ldquo;Trian Partners&rdquo;) together with
other Participants (as defined below), filed a definitive proxy statement and an accompanying proxy card with the Securities and
Exchange Commission (the &ldquo;SEC&rdquo;) on March 25, 2015 to be used to solicit proxies in connection with the 2015 Annual
Meeting of Stockholders of E.I. du Pont de Nemours and Company (the &ldquo;Company&rdquo;), including any adjournments or postponements
thereof or any special meeting that may be called in lieu thereof (the &ldquo;2015 Annual Meeting&rdquo;). Information relating
to the participants in such proxy solicitation (the &ldquo;Participants&rdquo;) has been included in that definitive proxy statement
and in any other amendments to that definitive proxy statement. Stockholders are advised to read the definitive proxy statement
and any other documents related to the solicitation of stockholders of the Company in connection with the 2015 Annual Meeting
because they contain important information, including additional information relating to the Participants. Trian Partners&rsquo;
definitive proxy statement and a form of proxy have been mailed to stockholders of the Company. These materials and other materials
filed by Trian Partners in connection with the solicitation of proxies are available at no charge at the SEC&rsquo;s website at
www.sec.gov. The definitive proxy statement and other relevant documents filed by Trian Partners with the SEC are also available,
without charge, by directing a request to Trian&rsquo;s proxy solicitor, MacKenzie Partners, Inc. 105 Madison Avenue, New York,
New York 10016 (call collect: 212-929-5500; call toll free: 800-322-2885) or email: <U>proxy@mackenziepartners.com</U>. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1
</SUP></FONT>For more information, please refer to Appendix B of Frequently Asked Questions (FAQs) for DuPont Stockholders, which
was filed with the SEC on April 27, 2015 and is available at <U>www.DuPontCanBeGreat.com</U>. The performance of each investment
was measured from the date of Trian&rsquo;s first purchase of such investment through the earlier of April 16, 2015 or the last
day of public trading.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>2</SUP></FONT>
For detail on the methodology used by Trian to calculate DuPont&rsquo;s implied target value per share, please see &ldquo;Trian&rsquo;s
Implied Target Value Analysis For DuPont Stock&rdquo;, which were filed with the SEC on April 17, 2015.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>3</SUP></FONT>
Source: Form 4 filings and Company proxy statements. A<FONT STYLE="color: #141413">ccording to SEC filings, most of these sales
were made pursuant to Rule 10b5-1 trading plans. While Rule 10b5-1 trading plans provide for automatic purchases or sales pursuant
to formula or similar method for determining the amount, price and/or date of the transaction, Rule 10b5-1 trading plans may generally
be terminated or amended prior to their predetermined end. For additional information, please refer to page 91 of the Trian White
Paper, which was filed with the SEC on February 17, 2015, and is available at </FONT><U>www.DuPontCanBeGreat.com</U>.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>4</SUP></FONT>
Source: DuPont SEC filings, earnings transcripts. 2011 EPS (after adjusting for changes in reporting methodology that DuPont applied
to subsequent EPS figures) was $4.32. Operating EPS in 2012, 2013, and 2014 was $3.77, $3.88, and $4.01, respectively. As per April
21, 2015 earning conference call, 2015 Operating EPS is expected &ldquo;to be at the low end of [DuPont&rsquo;s] previously communicated
range of $4.00 to $4.20.&rdquo;</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>5</SUP></FONT>
If DuPont had met its long-term annual EPS growth target of 12% since 2011 (which was announced at the Company&rsquo;s 2011 Investor
Day), EPS would have been $6.07, 51% higher than reported EPS of $4.01.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>6</SUP></FONT>
For additional information, please refer to pages 85 and 86 of the Trian Discussion Points, which were filed with the SEC on April
21, 2015 and are available at <U>www.DuPontCanBeGreat.com</U>.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>7</SUP></FONT>
Source: Bloomberg as of May 1, 2015.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>8</SUP></FONT>
Sales declined from $4,348mm in 2007 to 4,281mm in 2011. Adjusted EBITDA declined from $380mm to $339mm. Trian&rsquo;s calculation
of adjusted EBTIDA includes an allocation of unallocated corporate expenses, allocated on a % of sales basis. For additional information,
please refer to page 24 of the Trian Discussion Points, which were filed with the SEC on April 21, 2015 and are available at <U>www.DuPontCanBeGreat.com</U>.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>9</SUP></FONT>
Source: Axalta Form S-1 filed on 8/20/14, Trian estimates, and SEC filings. Compares 2011 EBITDA reported by DuPont ($339mm) and
2014 EBITDA reported by Axalta ($851mm). DuPont 2011 EBITDA adjusted for unallocated corporate expense (2% of sales), and adds
back non-cash items and certain pension expense to make it comparable to Axalta figures. Axalta 2014 EBITDA is Axalta&rsquo;s Adjusted
Operating Income plus D&amp;A. This figure differs slightly from Axalta&rsquo;s Adjusted 2014 EBITDA (as reported) as it excludes
other expense (income) and dividend to non-controlling interest to make it comparable to DuPont figures.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>10</SUP></FONT>
Source: Bloomberg as of May 1, 2015.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>11</SUP></FONT>
Source: Bloomberg as of May 1, 2015.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>12</SUP></FONT>
Source: DuPont SEC filings. This figure reflects revenue growth from Q2 2012-Q4 2014 at Nutrition and Industrial Biosciences segments
(the DuPont segments that almost exclusively contain the Danisco businesses).</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>13</SUP></FONT>
Source: SEC filings. Danisco historical growth rate represents organic growth from FY2005-2010. Fiscal year 2006 growth measures
only ingredients growth and Fiscal Year 2007 growth excludes flavours growth (as Danisco sold that business before DuPont acquired
Danisco).</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>14</SUP></FONT>
Source: DuPont&rsquo;s 2011 Investor Day. 2011 long-term targets are calculated using weighted 2011 sales of Nutrition and Health
and Industrial Biosciences.</P>

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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>15</SUP></FONT>
Source:<B> </B>Company SEC Filings and Transcripts, Danisco Annual and Quarterly Financial Reports and Transcripts. For additional
information, please refer to page 25 of the Trian Discussion Points, which were filed with the SEC on April 21, 2015 and are available
at <U>www.DuPontCanBeGreat.com</U>.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>16</SUP></FONT>
Source: Bloomberg.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>17</SUP></FONT>
While Trian believes that such share price appreciation is attributable to Trian&rsquo;s involvement as a DuPont stockholder, there
is no objective method to confirm what portion of such appreciation was attributable to Trian&rsquo;s involvement and what portion
may have been attributable to other factors.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>18
</SUP></FONT>Source: Capital IQ and Bloomberg. For additional information, please refer to pages 61 of the Trian Discussion Points,
which were filed with the SEC on April 21, 2015 and are available at <U>www.DuPontCanBeGreat.com</U>. The increase in the DuPont
share price on April 27, 2015 (which represents the second best day of DuPont share price outperformance versus the S&amp;P 500
Index since 2009) occurred after the Trian Discussion Points were published and is not reflected on page 61.&nbsp; &nbsp;</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>19</SUP></FONT>
For additional information, please refer to pages 62 and 63 of the Trian Discussion Points, which were filed with the SEC on April
21, 2015 and are available at <U>www.DuPontCanBeGreat.com</U>. These pages detail a $10 share
decline on the trading day following all earnings events from January 2009 through January 2015, excluding the Q4 2008 announcement
as the CEO did not oversee that period. In addition to the events detailed on these pages, the DuPont share price declined by $2.15
on April 21, 2015 (the trading day following DuPont&rsquo;s reporting of its Q1 2015 earnings), thereby making the total share
price decline equal to more than $12 on the trading day following each of the 32 identified earnings and guidance events.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>20
</SUP></FONT>For additional information, please refer to page 63 of the Trian Discussion Points, which were filed with the SEC
on April 21, 2015 and are available at <U>www.DuPontCanBeGreat.com</U>.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>21</SUP></FONT>
Source: Brochure titled &ldquo;Next Generation DuPont: Delivering Higher Growth and Higher Value&rdquo;, which was filed with the
SEC on April 1, 2015.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>22
</SUP></FONT>See The Open Letter to the DuPont Board (Trian Summary White Paper) dated September 16, 2014, which was filed with
the SEC on January 9, 2015 and is available at <U>www.DuPontCanBeGreat.com</U>.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>23</SUP></FONT>
Source: &ldquo;Ratings Action: Moody&rsquo;s Assigns Chemours Ba3 Corporate Family Rating&rdquo; 4/24/15 https://www.moodys.com/research/Moodys-Assigns-Chemours-Ba3-Corporate-Family-Rating--<BR>

PR_323305?WT.mc_id=AM~RmluYW56ZW4ubmV0X1JTQl9SYXRpbmdzX05ld3NfTm9fVHJhbnNsYXRpb25z~20150424_PR_323305.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>24
</SUP></FONT>For further detail on DuPont&rsquo;s missed guidance for 2012-2014, please refer to page 49 of Trian&rsquo;s White
Paper, which was filed with the SEC on February 17, 2015 and is available on <U>www.DuPontCanBeGreat.com.</U></P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>25</SUP></FONT>
As per April 21, 2015 earning conference call, 2015 Operating EPS is expected &ldquo;to be at the low end of [DuPont&rsquo;s] previously
communicated range of $4.00 to $4.20.&rdquo;</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>26</SUP></FONT>
Source: 2015 DuPont proxy statement.</P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>27</SUP></FONT>
Please refer to footnote 9 above.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">###</P>


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#'__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
