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Griffon Declares Quarterly Dividend

  Griffon Declares Quarterly Dividend

                             Increases Payout 25%

Business Wire

NEW YORK -- November 13, 2012

The Board of Directors of Griffon Corporation (NYSE: GFF) declared a regular
quarterly cash dividend of $0.025 per share, an increase of 25%. The dividend
is payable on December 26, 2012 to shareholders of record as of the close of
business on November 29, 2012.

About Griffon Corporation

Griffon Corporation (the “Company” or “Griffon”), is a diversified management
and holding company that conducts business through wholly-owned subsidiaries.
Griffon oversees the operations of its subsidiaries, allocates resources among
them and manages their capital structures. Griffon provides direction and
assistance to its subsidiaries in connection with acquisition and growth
opportunities as well as in connection with divestitures. Griffon also seeks
out, evaluates and, when appropriate, will acquire additional businesses that
offer potentially attractive returns on capital to further diversify itself.

Griffon currently conducts its operations through Ames True Temper (“ATT”),
Clopay Building Products (“CBP”), Telephonics Corporation (“Telephonics”) and
Clopay Plastic Products Company (“Plastics”). CBP and ATT comprise the Home &
Building Products operating segment.

  *Home & Building Products is a leading manufacturer and marketer of
    residential, commercial and industrial garage doors to professional
    installing dealers and major home center retail chains, as well as a
    global provider of non-powered landscaping products that make work easier
    for homeowners and professionals.
  *Telephonics designs, develops and manufactures high-technology, integrated
    information, communication and sensor system solutions for use in military
    and commercial markets worldwide.
  *Plastics is an international leader in the development and production of
    embossed, laminated and printed specialty plastic films used in a variety
    of hygienic, health-care and industrial applications.

For more information on Griffon and its operating subsidiaries, please see the
Company’s website at www.griffoncorp.com.

Contact:

Griffon Corporation
Douglas J. Wetmore, 212-957-5000
Chief Financial Officer
or
Investor Relations:
ICR Inc.
Anthony Gerstein, 646-277-1242
Senior Vice President