Shareholder information Ashland Annual 2017 Report Building momentum CORPORATE HEADQUARTERS STOCK INFORMATION INDEPENDENT REGISTERED onourpathtobecome Ashland Global Holdings Inc. Ashland Global Holdings Inc. is PUBLIC ACCOUNTING FIRM 50 East RiverCenter Boulevard incorporated under the laws of Ernst&YoungLLP the premier specialty Covington, KY 41011 Delaware. Ashland common 312 Walnut St. Tel +1 859 815 3333 stock is listed on the New York Suite 1900 chemicals company Stock Exchange and also has Cincinnati, Ohio 45202 FINANCIAL INFORMATION trading privileges on NASDAQ. Ashland’sannualreportsonForm MEDIA INQUIRIES — 10-K, quarterly reports on Form Questions regarding shareholder Gary L. Rhodes Annual Report 10-Q,currentreportsonForm8-K accounts, dividends or the Director, Corporate andanyamendmentstothose dividend reinvestment plan should Communications Fiscal 2017 reports, as well as any beneficial be directed to Ashland’s transfer Tel +1 859 815 3047 ownership reports of officers and agent and registrar: E: [email protected] directors filed electronically on Wells Fargo Shareowner Services Forms 3, 4 and 5, are available at 1110 Centre Point Curve, Suite 101 ashland.com. Mendota Heights, MN 55120 Paper copies also are available Mailing Address: Printed on paper from well- upon request and at no charge. Wells Fargo Shareowner Services managed forests with soy inks Requests for these and other P.O. B ox 6 4 874 stockholder and security analyst ashland.com St.Paul,MN55164 ® Registered trademark, Ashland or its inquiries should be directed to: Tel +1 855 598 5486 toll-free (U.S.) subsidiaries, registered in various countries ™ Trademark, Ashland or its subsidiaries, +16514504064(non-U.S.) registered in various countries Seth A. Mrozek © 2017, Ashland / COR17-1029 Director, Investor Relations www.shareowneronline.com Ashland DIVIDENDS Covington, KY 41011 Ashland’s current quarterly cash Tel+18598153527 dividend is 22.5 cents per share. E: [email protected] Ashland’s historical practice has TICKERSYMBOL:ASH been to pay dividends on the 15th Fiscal 2017 closing stock prices per day of March, June, September common share: and December if declared by the board of directors. Ashland’s High: $67.45 06/02/17 board of directors has declared Low: $52.61 11/11/16 a dividend every quarter since Year-end: $65.39 09/30/17 December 1936. ANNUAL MEETING Ashland offers electronic deposit Noticeoftheannualmeeting of dividend checks. For more and availability of proxy materials information, please contact Wells is mailed to shareholders in Fargo Shareowner Services at December, along with instructions +1 855 598 5486 for viewing proxy materials online. +1 651 450 4064 (outside the U.S.) Stockholders may also request printed copies of the proxy statement and annual report by following the instructions included intheNotice. Board of Directors Executive Officers Corporate Our Story (1, 3ª) Brendan M. Cummins William A. Wulfsohn Officers Former Chief Executive Officer, Chairman and Ciba Specialty Chemicals Chief Executive Officer EricN.Boni Vice President and Treasurer Ashland Global Holdings Inc. (NYSE: ASH) is a premier, global specialty William G. Dempsey (1,2,3) Peter J. Ganz Former Executive Vice President, Sr. Vice President, General John P. Goswell chemicals company serving customers in a wide range of consumer Global Pharmaceuticals, Counsel and Secretary Vice President, Internal Audit and industrial markets, including adhesives, architectural coatings, Abbott Laboratories Anne T. Schumann Scott A. Gregg automotive, construction, energy, food and beverage, personal care and Jay V. Ihlenfeld (2, 4) Sr. Vice President, Chief Human Vice President, Tax Former Sr. Vice President, Resources and Information pharmaceutical. At Ashland, weareapproximately6,500passionate, 3M Company Technology Officer John W. Joy Vice President, Corporate tenacious solvers – from renowned scientists and research chemists to Susan L. Main (1, 3) J. Kevin Willis Development talentedengineersandplantoperators–whothriveondeveloping Sr. Vice President and Sr. Vice President and Chief Financial Officer, Chief Financial Officer Michael S. Roe practical, innovative and elegant solutions to complex problems for Teledyne Technologies Chief Compliance Officer, Incorporated J. William Heitman Associate General Counsel customers in more than 100 countries. Our people are distinguished by Vice President and Controller and Assistant Secretary Barry W. Perry (3,4ª,c) their ability to create and apply specialized chemistry in ways that enable Former Chairman and Chief Keith C. Silverman, PhD customers to amplify the efficacy, refine the usability, add to the allure, Executive Officer, Engelhard Corp. Vice President, Global Operations, Quality, and Environmental, ensure the integrity, and improve the profitability of their products and Mark C. Rohr (1, 2) Health and Safety Chairman and Chief Executive applications. Visit ashland.com to learn more. Officer, Celanese Corp. George A. Schaefer Jr. (1ª, 4) Corporate Governance Former Chairman and Chief Ashland is governed by an 11-member board of directors, 10 of whom are independent Executive Officer, Fifth Third Bancorp directorsunderNewYorkStockExchange(NYSE)guidelines.Theboardconductedeight meetings in fiscal 2017. During fiscal 2017, the board operated the following committees, * (2ª, 4) Financial Highlights Janice J. Teal, Ph.D. allofwhichconsistedentirelyofoutsidedirectors:Audit;Environmental,Health,Safety Contents Former Group Vice President andQuality;GovernanceandNominating;andCompensation.Thesefourcommittees (Dollars in millions except per share data) and Chief Scientific Officer, met a total of 23 times. This included quarterly meetings of the Audit Committee to review Letter to 2017 2016 2015 Avon Products Inc. Ashland’s quarterly financial performance, associated news releases, and Form 10-Q and Shareholders 3 Form10-KfilingswiththeU.S.SecuritiesandExchangeCommission.Ashland’sChief Sales $ 3,260 $ 3,019 $ 3,420 (3, 4) Michael J. Ward Executive Officer (CEO) and Chief Financial Officer have each submitted certifications Operating income (loss) $142$(127)$ 112 Ashland at a Retired Chairman and Chief concerning the accuracy of financial and other information in Ashland’s annual report Glance 6 EBITDA $ 551$416$644 Executive Officer, CSX Corp. on Form 10-K, as required by Section 302(a) of the Sarbanes-Oxley Act of 2002. The Adjusted EBITDA $570$598$677 certifications are filed as exhibits to Ashland’s 2017 annual report on Form 10-K. In Kathleen Wilson-Thompson (2, 4) The Ashland addition, the NYSE requires that the CEO of listed companies annually certify that he or ™ Loss from continuing operations $ (105) $ (283) $ (12) ExecutiveVicePresidentandGlobal 5 Effects 8 sheisnotawareofanyviolationbythecompanyofNYSEcorporategovernancelisting Net income (loss) $28$(28)$309 Chief Human Resources Officer, standards. Ashland’s Chairman and CEO, William A. Wulfsohn, certified Ashland’s Directors and Officers Netincome(loss)attributabletoAshland $ 1 $ (29) $ 309 Walgreens Boots Alliance Inc. compliancewith theNYSE corporategovernancelisting standardson February 17,2017. inside back cover Diluted EPS William A. Wulfsohnb *This Annual Report includes certain non-GAAP measures. Such measurements are not prepared in accordance Loss from continuing operations $ (1.69) $ (4.51) $ (0.18) Corporate Chairman and Chief Executive Officer, withU.S.GAAPandshouldnotbeconstruedasanalternativetoreportedresultsdeterminedinaccordancewith Income from discontinued operations attributable to Ashland $ 1.70 $ 4.04 $ 4.72 Ashland U.S. GAAP. Management believes the use of such non-GAAP measures assists investors in understanding the Governance ongoingoperatingperformanceofthecompanyanditssegments.Thenon-GAAPinformationprovidedmay inside back cover Net income (loss) attributable to Ashland $ 0.01 $ (0.47) $ 4.54 notbeconsistentwiththemethodologiesusedbyothercompanies.Allnon-GAAPamountshavebeenreconciled with reported U.S. GAAP results, which are included in the “Management’s Discussion and Analysis of Financial Cash flows provided (used) by operating activities $255$372$(256) Committees Condition and Results of Operations” section of this Annual Report. Although Ashland provides forward-looking Shareholder from continuing operations guidanceforadjustedEBITDA,freecashflowandadjustedearningspershare,Ashlandisnotreaffirmingor Information Additions to PP&E $ 199 $ 231 $ 220 (1) Audit providing forward-looking guidance for U.S. GAAP-reported financial measures or a reconciliation of forward- (2) Environmental, Health, Safety looking non-GAAP financial measures to the most directly comparable U.S. GAAP measure because it is unable back cover Number of employees 6,500 6,000 6,000 topredictwithreasonablecertaintytheultimateoutcomeofcertainsignificantitemsthataffectthesemetrics and Quality such as domestic and international economic, political, legislative, regulatory and legal actions. In addition, Number of common stockholders of record 11,500 12,600 13,100 (3) Governance and Nominating certain economic conditions, such as recessionary trends, inflation, interest and monetary exchange rates, (4) Compensation government fiscal policies and changes in the prices of certain key raw materials, can have a significant effect ThisAnnualReportcontainsforward-lookingstatementswithinthemeaningofSection27AoftheSecuritiesActof1933,asamended,andSection21EoftheSecuritiesExchangeActof1934, a Committee chair onoperationsandaredifficulttopredictwithcertainty. asamended.Theseforward-lookingstatementsarenothistoricalfactsandgenerallyareidentifiedbywordssuchas“anticipates,”“believes,”“estimates,”“expects,”“islikely,”“predicts,”