**Exhibit 4.13**

----

|                                                                                                                       |                                                                                                                          |
|----------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                       |                                                                                                                     |
| **Private and Confidential**

Mr Paul Drechsler17 Ardbeg RoadLondon SE24

**Subject to Contract        Without Prejudice** | **Lord Trotman**Chairman**ICI**20 Manchester SquareLondon W1U 3ANT. +44 (0)20 7009 5000F. +44 (0)20 7009 5732www.ici.com |

17 June 2003     

Dear Paul

I am writing on behalf of Imperial    Chemical Industries PLC (the ***Company***) to set out the following    terms that will apply in relation to the termination of your employment with    the Company:

| 1.        Your employment        with the Company terminated on 16 June 2003 (the ***Termination Date***).        Arrangements have been set in hand for the issue of your Form P45 as        soon as reasonably practicable after the Termination Date. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                             |   |

| 2.        The Company        will pay to you as compensation for the early termination of your employment        within five working days of the later of (i) the date on which the Company        receives a copy of this compromise agreement duly countersigned by you        and, in respect of Schedule 1, your lawyer, and (ii) the issue to you        of your P45 the sum of £124,285.00 in addition to a payment of £3,960.00        in respect of your accrued entitlement to a holiday bonus on a pro rata        basis. This payment will be made less required deductions for tax at        the basic rate and any applicable employee National Insurance contributions.        The Company will withhold the sum of £60,000 from the payment referred        to in this paragraph 2 pending confirmation from the Inland Revenue as        to whether a payment of £30,000 can be made free of tax and confirmation        as to whether a further portion of the payment is exempt from tax on        the basis of your period of service overseas (and the Company agrees        to use all reasonable endeavours to expedite a response from the Inland        Revenue). If such confirmation is given the full sum withheld will be        released to you as soon as reasonably practicable thereafter (and if        such confirmation is not given the net amount will be released to you        as soon as reasonably practicable thereafter). |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

| 3.      |
|----------------------------------|
|                             |

| (a) | On the date that falls ten working days        after the end of each of four consecutive monthly periods (the first        monthly period beginning on 1 November 2003 and the last monthly period        ending on 29 February 2004) and also on the date that falls ten working        days after the end of the period beginning on 1 March 2004 and ending        on 23 March 2004 (each a ***Monthly Period***), you will become        entitled to, and the Company will make you a further payment equal to        the gross salary (calculated by reference to your salary at the Termination        Date and including for the avoidance of doubt the |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | applicable London Weighting Allowance) that        would have been paid to you in respect of that Monthly Period had your        employment not terminated, reduced by (i) the gross amount certified        or determined in respect of that Monthly Period in accordance with this        paragraph 3 and (ii) an amount equal to required deductions for        tax at the basic rate and employee National Insurance contributions and        (iii) any payments made to you in respect of disability benefits as described        in Schedule 3 to this agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| (b)    | You will ensure that the Company’s        Executive Vice-President Human Resources (or in his absence the Company        Secretary) receives (by post or by fax), no later than three working        days after the end of each Monthly Period, a certificate in the form        of Schedule 2 to this letter signed by yourself, setting out true and        complete details of the gross amount of any employment, consultancy or        equivalent income (including full details of any benefits, other than        in relation to the provision of a company car or an allowance in lieu        thereof, or replacement pension, life, disability or health insurance        arrangements) received by you or on your behalf in relation to (or promised        to you or on your behalf in relation to) the Monthly Period in question.        If no such income or benefits as are described in this sub-paragraph        3(b) have been received by you, or provided to you or on your behalf,        the same should be confirmed on the certificate. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

| (c)    | The value of any benefits as referred to        in sub-paragraph 3(b) above shall be determined in good faith by the        Company, where appropriate on actuarial advice and using reasonable actuarial        assumptions. For the avoidance of doubt, no valuation will be made in        respect of, and there shall be no deduction from the Monthly Payment        in relation to the provision to you of a company car or the provision        of an allowance in lieu thereof, or replacement life, disability or health        insurance arrangements or pension arrangements or the grant of share        options to you. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

| (d)    | You acknowledge and agree that should you        fail without a reasonable excuse to submit a certificate in accordance        with the requirements set out in paragraph 3(b) above, no sum will        be payable to you in relation to the Monthly Period in question. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                           |

| 4.        You: |
|--------------------------------------------------------|
|                                                   |

| (a)    | acknowledge and agree that you are under        a legal duty to mitigate any loss arising as a result of the termination        of your employment; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                |

| (b)    | agree that should you enter into any employment,        consultancy or equivalent arrangements on or prior to 23 March 2004 you        will not seek to structure these arrangements with the purpose of maximising        the payments to you pursuant to paragraph 3 or the continuance of the        benefits provided to you pursuant to paragraphs 6, 7 and 8; and |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                    |

| (c) | represent and warrant that as at the date        you sign this letter you have neither agreed to take employment with        or provide consultancy or similar services to any person, firm, company        or organisation nor received any offer of such employment or to provide        such services. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Page 2 |
|--------|--------|

----

| 5.        The Company        will procure that you are credited with an additional period of service        until 23 March 2004 within and for the purposes of the Senior Executive        Section of the ICI Pension Fund in respect of all your benefits pursuant        to that Fund and that an appropriate statement confirming your benefits        thereunder is sent to you as soon as reasonably practicable after the        Termination Date. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

| 6.        The Company        will procure that you (and your family) are eligible to continue to participate        in the Company’s private health insurance arrangements subject        to the terms and conditions of such applicable arrangements (including        any requirement to produce appropriate medical evidence as required)        on the same basis as immediately prior to the termination of your employment        until the earlier of: |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

| (a)    | 23 March 2004; and |
|--------|--------------------|
|   |               |

| (b)    | the date on which you become eligible to        receive equivalent benefits from an alternative employment, consultancy        arrangement or similar engagement. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                              |

| 7.        The Company        will arrange for life/disability insurance cover to be maintained for        you on the basis set out in Schedule 3 until the earlier of: |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                           |

| (a)    | 23 March 2004; and |
|--------|--------------------|
|   |               |

| (b)    | the date on which you become eligible to        receive benefits in relation to life/disability insurance from an alternative        employment, consultancy arrangement or similar engagement. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                            |

| 8.        The Company        will procure that you can retain your existing company car until the        earlier of: |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                         |

| (a)    | 23 March 2004; and |
|--------|--------------------|
|   |               |

| (b) | the date on which you become eligible to        receive a company car (or a car allowance) from an alternative employment,        consultancy arrangement or similar engagement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

During the period when your existing    company car is retained by you, the Company will continue to pay all running    and maintenance costs on the current basis.

| 9.        You acknowledge        and agree that: |
|------------------------------------------------------------------------------------------|
|                                                                                     |

| (a)    | all outstanding awards made to you under        the Company’s Performance Growth Plan; and |
|--------|--------------------------------------------------------------------------------------------------|
|   |                                                                                             |

| (b) | all outstanding options under the Company’s        1994 UK Sharesave Scheme |
|-----|-----------------------------------------------------------------------------------|

will be treated as having lapsed    with immediate effect on the Termination Date.

|   | Page 3 |
|--------|--------|

----

| 10.     In relation        to all outstanding options under the Company’s Senior Staff Share        Option Scheme 1994 the Company will procure that the Board of Directors        exercises its discretion to permit you to continue to exercise (for a        period of two years from the Termination Date) any such options which        had, prior to the Termination Date, already become exercisable, subject        to and in accordance with the rules of that scheme. All other options        granted under the Company’s Senior Staff Share Option Scheme 1994        will be treated as having lapsed with immediate effect on the Termination        Date. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |

| 11.      The Company        will procure that you are covered under the Company’s Directors        and Officers insurance cover in respect of the period for which you were        a director of the Company or a Group Company in accordance with the terms        of the cover from time to time in force. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                             |

| 12.      You will        be reimbursed for all expenses incurred by you in the proper performance        of your duties in the usual way up to the Termination Date, subject to        the production of such receipts or other documentary evidence of expenditure        as the Company may reasonably require. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                            |

| 13.      Save where        we have agreed otherwise, you will return all company property and documents        to the Company Secretary on or before close of business on 20 June 2003. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                  |

| 14.      It is a        condition of this agreement that you undertake to the Company for itself        and on behalf of all those companies and persons referred to below to        accept these terms in full and final settlement of all or any claims        or rights of action of any kind whatsoever that you may have against        the Company or any other Group Company or any director, officer, employee,        shareholder or agent of any such company relating to your employment,        directorship, office or the holding of any office or the termination        of your employment or directorship including (without limitation) any        action that might be commenced before Employment Tribunal or court of        law in respect of: |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

| (a)    | any common law or statutory claims or claims        under European Law; |
|--------|-------------------------------------------------------------------------|
|   |                                                                    |

| (b)    | any claims that you were unfairly dismissed        under the Employment Rights Act 1996 (***ERA***) Part X, Chapter        1, Section 94; |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                      |

| (c)    | any claims of unpaid wages and deductions        from wages under ERA Part II, Section 13; |
|--------|--------------------------------------------------------------------------------------------|
|   |                                                                                       |

| (d)    | any claims under the Sex Discrimination        Act 1975, Race Relations Act 1976 or the Disability Discrimination Act        1995 (together the ***Discrimination Acts***) or any related        EU legislation; |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                             |

| (e)    | any claim in respect of the equality clause        applied under Section 1 of the Equal Pay Act 1970; or |
|--------|----------------------------------------------------------------------------------------------------------|
|   |                                                                                                     |

| (f) | any claim under the Working Time Regulations. |
|-----|-----------------------------------------------|

|   | Page 4 |
|--------|--------|

----

| 15.      The provisions        of paragraph 14 shall not apply to any claim that you may have arising        out of or in connection with: |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                     |

| (a)    | any personal injury claim (and you confirm        that you are not aware of any circumstances that might lead or have led        to a personal injury claim); or |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                             |

| (b)    | your accrued pension rights under the Senior        Executive Section of the ICI Pension Fund or Section 4 of the Imperial        Chemical Supplementary Pension Fund; or |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                      |

| (c)    | the terms of this Agreement. |
|--------|------------------------------|
|   |                         |

| 16.      The claims        or rights of action referred to in paragraph 14 above shall include        any claim or right of action of which, at the time of entering into this        compromise agreement, neither you nor the Company are aware and any claim        or right of action of which you but not the Company are aware, including        any claim or right of action arising from a subsequent retrospective        change or clarification of the law. You acknowledge that you agree to        the terms of paragraph 14 above notwithstanding that you acknowledge        that you may be mistaken as to the facts and/or the law concerning any        potential claim or right of action. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

| 17.      It is an        express condition of this compromise agreement that: |
|-------------------------------------------------------------------------------------------------------------|
|                                                                                                        |

| (a)    | you have received independent legal advice        from Charles Wynn-Evans, a partner in the firm of Dechert, as to the        terms and effect of this compromise agreement and in particular its effect        on your ability to pursue your rights before an Employment Tribunal; |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                 |

| (b)    | the conditions in Section 203 of the Employment        Rights Act 1996 and the equivalent provisions of the Discrimination Acts,        the Working Time Regulations and the Trade Union and Labour Relations        (Consolidation) Act 1992 regulating compromise agreements are satisfied;        and |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                     |

| (c)    | the relevant independent adviser named at        paragraph 17(a) above will provide to the Company a copy of this compromise        agreement with Schedule 1 duly signed by him. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                   |

| 18.      You agree        that you will not at any time use for your own or another’s advantage        or reveal to any person, firm, company or organisation and will use all        reasonable endeavours to prevent the publication or disclosure of, any        information that you know to be confidential concerning the business        or affairs of any Group Company. The restrictions set out in this paragraph        shall not apply to any disclosure required by law or to your professional        advisers (provided that such disclosure is made on a strictly confidential        basis) or so as to prevent you from using your own personal skill in        any business in which you may be lawfully engaged in the future. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

| 19.      Save when        obliged to do so for any legal purpose or to comply with any regulatory        requirement it is agreed that you will not make any derogatory or disparaging        comments about the Company or any Group Company, its or their officers,        shareholders or employees and that the Company shall make reasonable        endeavours to ensure that neither it nor any Group Company, nor any of        its or their directors or other officers, shall make any such comments        about you. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Page 5 |
|--------|--------|

----

| 20.      Except        in so far as a deduction in respect of the same is made by the Company,        you accept that you will be responsible for the payment of any income        tax imposed by any competent taxation authority by reason of your receipt        of or entitlement to the payments and benefits referred to in this agreement        and you agree to indemnify the Company on a continuing basis against        any income tax imposed by any competent taxation authority by reason        of your receipt of or entitlement to any such payments of benefits provided        that prior to the Company making any such payment to the Inland Revenue        or requiring payment from you under this indemnity the Company shall        afford to you a reasonable opportunity to challenge the relevant assessment        and shall provide you with all cooperation and documentation as you may        reasonably require in connection with such challenge. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

| 21.      The Company        confirms that as of the date of this agreement none of its directors        is aware of any claim the Company may have against you. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                          |

| 22.      The Company        undertakes as soon as reasonably practicable after receiving a request        from any prospective employer or employment agency for a written reference        about you to provide a fair and honest reference which is favourable        as to your competence, character and integrity and to procure that any        oral reference given or oral responses to queries about you are answered        consistent with such reference. However, if any matter becomes known        to the Company after the date of this letter which would have the effect        of such a reference being or becoming materially inaccurate or misleading        the Company will, but only having afforded you a reasonable opportunity        to comment on any such matter, alter the reference so that it is in the        Company’s reasonable opinion accurate in all material respects        and not misleading. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

| 23.      Subject        to production of a valid invoice addressed to you but marked payable        by the Company, the Company will pay as soon as is reasonably practicable        after receipt of such invoice up to a maximum of £6,000 plus VAT        direct to Dechert towards the legal fees you have incurred in connection        with the termination of your employment. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                      |

| 24.      The Company        will pay for you to receive outplacement services up to a maximum of £15,000        plus VAT and will pay such costs directly to the provider as soon as        reasonably practicable after receipt by the Company of a relevant invoice. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                       |

| 25.      For the        avoidance of doubt the Company acknowledges and agrees that it will be        responsible for the reasonable professional costs of the preparation        of your tax returns for the tax years ending in April 2003 and April        2004. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                              |

| 26.      The Contracts        (Rights of Third Parties) Act 1999 applies to this termination agreement.        Your obligations under this termination agreement may be enforced by        the Company, any Group Company and any of their directors, members, officers        and employees. This termination agreement may be rescinded or varied        by agreement between you and the Company. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                               |

| 27.     For the        purposes of this letter Group Companies means Imperial Chemical Industries        PLC, its subsidiary and associated undertakings (as defined respectively        in Section 258 and paragraph 20(1) of Schedule 4A of the Companies Act        1985), together with any subsidiary or associated undertakings of any        such undertakings and Group Company will be interpreted accordingly. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Page 6 |
|--------|--------|

----

| 28.      The terms        of this termination agreement will be governed by the laws of England        and Wales. |
|-------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                            |

| 29.      This termination        agreement shall cease to be without prejudice and subject to contract        when it has been signed and returned to the Company by you and your lawyers        has signed and returned a copy of Schedule 1. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

Please countersign the attached copy    of this letter to signify your agreement with these arrangements.

Yours sincerely

 

/s/Alex Trotman

For and on behalf of  Imperial Chemical Industries PLC

 

**On copy:**

I confirm I agree to the arrangements    set out in this letter to me from Imperial Chemical Industries PLC

/s/Paul J Drechsler

..............................................  Paul Drechsler

 

18 June 2003

..............................................  Date

|   | Page 7 |
|--------|--------|

----

**SCHEDULE 1**

**CERTIFICATION FROM INDEPENDENT      LAWYER**

I, Charles Wynn-Evans, a partner    in Dechert, am a qualified lawyer within the meaning of Section 203(4) of    the Employment Rights Act 1996. I have advised Paul Drechsler on the terms    and effect of the compromise agreement between him and his employer, Imperial    Chemical Industries PLC dated 17 June 2003 and in particular its effect    on his ability to pursue his rights before an Employment Tribunal. I confirm    that at the time of giving that advice there was a contract of insurance,    or an indemnity provided for members of a professional body, covering the    risk of a claim by Paul Drechsler in respect of any loss which may arise    in consequence of the advice (save for any uninsured excess or deductible).

Signed: /s/ Charles Wynn-Evans

Dated: 23/06/03

|   | Page 8 |
|--------|--------|

----

**SCHEDULE 2**

**Certificate of Income**

**[Month]**

To: Executive Vice-President Human    Resources  Imperial Chemical Industries PLC  [*Address*]

[*Date*]

In accordance with paragraph 3 of    the compromise agreement dated 17 June 2003, I hereby certify that the details    set out below are true and compete details of the gross amount of any employment,    consultancy or equivalent income, remuneration or benefits received by my,    or promised to me or on my behalf in relation to [month].

| **Nature and amount/value          of relevant income, remuneration or benefits** | **Name of the employer or recipient          of my services** |
|-----------------------------------------------------------------------------------|---------------------------------------------------------------|
|                                                                              |                                                          |
|                                                                              |                                                          |

I hereby certify that the above details    are true and complete details.

.......................................

Paul Drechsler

.......................................

Date

|   | NSS |
|--------|-----|

----

**SCHEDULE 3**

**Life assurance/disability cover**

The Company has effected the following    insurance policies on your behalf as follows:

**1.**      **Life      assurance policy**

A three year term assurance policy    for a sum assured of £2,800,000. Arrangements will be made for this    policy to be effected in your name with the Company making the premiums in    respect of the first 12 months subject to and in accordance with paragraph    7 of this agreement.

**2.**      **Disability      policy**

The Company has taken out a policy    that is intended to provide an amount of income and payment of a lump sum    depending upon the degree of disability suffered by you. In the event of    a temporary disability a payment of £166,950 per year is payable under    the policy for a maximum period of three years. If you suffer a permanent    disability a further lump sum payment of £333,900 is payable at the    end of the three year period referred to above under the policy. All payments    will be made to the Company and the Company will pay the net amount of benefits    received to you.

In addition, if you become disabled    on or prior to 23 March 2004 in circumstances where, had you remained an    active member of the ICI Pension Fund, you would have become entitled to    an ill health retirement pension, the Company will arrange for additional    payments to be made to you of the sum of £55,000 (less required deductions)    per year for a maximum of three years and, in the event of a permanent disability,    a further lump sum payment of £1,200,000 (less required deductions)    at the end of the three year period. If, in these circumstances, your disability    is attributable to a cardiovascular or mental health complaint such that    the exclusion under the policy referred to in the preceding paragraph, the    Company will, in recognition of the fact that insurance cover is not available,    arrange for additional payments of the sum of £166,950 (less required    deductions) per year for a maximum of three years in connection with a temporary    disability and, if you suffer a permanent disability, arrange for a further    lump sum payment of £333,900 (less required deductions) at the end    of the three year period.

Any payments made to you in respect    of disability benefits shall serve to reduce the payments due to you under    paragraph 3(a) of the compromise agreement dated 17 June 2003.

|   | Page 10 |
|--------|---------|

----