The kinetics of the reaction of N‐butyl‐2,4,6‐trinitroaniline (3) with NaOH have been studied in 10 and 60 % 1,4‐dioxane/H2O at 25 °C. In both cases, several processes were observed. In 10 % 1,4‐dioxane/H2O the only product formed was 2,4,6‐trinitrophenol (4), whereas in 60 % 1,4‐dioxane/H2O a mixture of 4 and 5,7‐dinitro‐2‐propyl‐1H‐benzimidazole 3‐oxide (5) was observed in ratios that depend on the HO– concentration. A mechanism involving the formation of σ complexes through the addition of one or two HO– anions to unsubstituted ring positions is proposed for 2,4,6‐trinitrophenol formation. The presence of these complexes was confirmed by NMR studies in 60 % [D8]1,4‐dioxane/D2O. The mechanism suggested for the formation of the N‐oxide includes the cyclization of an N‐alkylidene‐2‐nitrosoaniline‐type intermediate as the rate‐determining step. The decrease in solvent polarity produces a decrease in the observed rate constant for the formation of 4 of about one order of magnitude making the cyclization reaction a competitive pathway. (© Wiley‐VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2007)