PPG Dividend Declared, Shares Repurchase Authorized

19 October 2000

PPG Dividend Declared, Shares Repurchase Authorized

    PITTSBURGH--Oct. 19, 2000--PPG Industries' board of directors declared a regular quarterly dividend of 40 cents a share, payable Dec. 12 to shareholders of record Nov. 10, and authorized repurchase of up to 10 million additional shares.
    About 48 million shares have been re-acquired since October 1993. PPG's dividend increased most recently by two cents in March 2000, marking 30 consecutive years of dividend increases.
    Raymond W. LeBoeuf, board chairman and chief executive officer, said the share repurchase authorization "is consistent with PPG's policy of applying cash flow in excess of that used for acquisitions or internal investments to dividend increases and periodic share buy-backs.
    "With the 10-million-share repurchase authorized in 1998 likely to be completed before year-end, the new authorization maintains our flexibility for continued use of PPG's strong cash flow to benefit long-term interests of our shareholders," he said. "Given the current business environment, using excess cash for share repurchases is appropriate and beneficial to shareholders, and the new program should commence seamlessly upon completion of the current authorization."

    Internet: www.ppg.com

    Additional information regarding historical company performance is available under Finance at PPG's Web site: www.ppg.com.

    Forward-Looking Statements

    Forward-looking statements in this communication relating to matters that are not historical facts reflect PPG's current views regarding future developments. These involve risks and uncertainties that affect company operations, as discussed in PPG Industries' Annual Report on Form 10K and other reports filed with the Securities and Exchange Commission. As many factors could cause actual results to differ materially from the forward-looking statements, there is no assurance current expectations will be realized.