General Chemical Group Stock Moves to Over the Counter from NYSE

    HAMPTON, N.H., July 18 The General Chemical Group Inc.
announced that following the close of the market today its common
stock will no longer trade on the New York Stock Exchange (NYSE). Effective
with the open of the market on Thursday, July 19, the company's stock will
trade over the counter (OTC). The company's new ticker symbol is GCHG.
    The previously announced reverse split of the company's common stock was
effective at 5:00 p.m. Eastern Daylight Time (EDT) on Friday, July 13. The
reverse split was approved by General Chemical's shareholders on May 16, 2001.
General Chemical shareholders now hold one share of common stock for every 10
shares held by them prior to the reverse split. Mellon Investor Services LLC,
General Chemical's transfer agent, is the exchange agent for the reverse
split. Shareholders may contact Mellon at the following toll-free number:
1-800-777-3674.
    General Chemical Group is a leading producer of soda ash, serving
worldwide markets, and of calcium chloride, serving North American markets.
Additional information about the company is available online at
http://www.genchem.com.

    This announcement includes forward-looking statements. General Chemical
has based these forward-looking statements on its current expectations and
projections about future events. Although General Chemical believes that its
assumptions made in connection with the forward-looking statements are
reasonable, no assurances can be given that its assumptions and expectations
will prove to have been correct. These forward-looking statements are subject
to various risks, uncertainties and assumptions. General Chemical undertakes
no obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. In light
of these risks, uncertainties and assumptions, the forward-looking events
discussed in this announcement might not occur.