Ethyl Corporation Extends Loan Facility

    RICHMOND, Va.--March 27, 2002--Ethyl Corporation announced today that it has reached an agreement with its lenders to extend its current loan facility to March 31, 2003.
    By the terms of this agreement, the facility can be further extended to March 31, 2004 provided certain conditions are met.
    Thomas E. (Teddy) Gottwald, President and CEO, stated, "I am pleased that this loan facility is in place. We now can devote our full energy and resources to implementing our business plan, with a priority on profitable growth and debt reduction."
    Ethyl Corporation develops, manufactures, and delivers leading-edge additive technology for fuels and lubricants around the world. Ethyl chemistry makes fuels burn cleaner, engines run smoother, and machines last longer.