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GenCorp Board Declares Dividend

9 July 1999

GenCorp Board Declares Dividend

    FAIRLAWN, Ohio, July 9 -- Today the Board of Directors of
GenCorp Inc. declared a quarterly cash dividend of $0.15 per share
on the issued and outstanding $0.10 par value common stock of the company
payable August 31, 1999 to shareholders of record on August 2, 1999.
    GenCorp is a $1.7 billion technology-based manufacturer with leading
positions in numerous markets served by its Performance Chemicals, Decorative
& Building Products and Vehicle Sealing businesses, and its aerospace and
defense segment, Aerojet.