PPG Completes Acquisition of AkzoNobel North American Architectural Coatings Business

  PPG Completes Acquisition of AkzoNobel North American Architectural Coatings

Business Wire

PITTSBURGH -- April 1, 2013

PPG Industries (NYSE:PPG) today announced that it has finalized the
acquisition of the North American architectural coatings business of Akzo
Nobel N.V., Amsterdam, in a deal valued at $1.05 billion.

“We are pleased to have successfully completed this acquisition, the
second-largest in our company’s history, as it further extends PPG’s
architectural coatings business in the United States, Canada and the
Caribbean, and continues the accelerated pace of our business portfolio
transformation,” said Charles E. Bunch, PPG chairman and CEO. “With this
acquisition, PPG has expanded its reach in all three major North American
distribution channels, including home centers, independent paint dealers and
company-owned paint stores. The company’s product offerings are now available
in more than 15,000 outlets across the region.

“Our already strong portfolio of North American brands, including PPG Paints,
PPG Pittsburgh Paints, PPG Porter Paints, Lucite and Olympic Paints and
Stains, has been significantly strengthened with the addition of well-known
brands such as Glidden, Flood, CIL, Sico and Liquid Nails,” Bunch said. PPG
also will license the following brands: Dulux, Devoe architectural coatings,
and Sikkens architectural wood products.

“As we welcome new colleagues, our focus will be to effectively and
efficiently integrate these businesses and to exceed the expectations of our
customers while capturing the full earnings power of the combined
organization,” Bunch said.


PPG Industries' vision is to continue to be the world’s leading coatings and
specialty products company. Through leadership in innovation, sustainability
and color, PPG helps customers in industrial, transportation, consumer
products, and construction markets and aftermarkets to enhance more surfaces
in more ways than does any other company. Founded in 1883, PPG has global
headquarters in Pittsburgh and operates in nearly 70 countries around the
world. Sales in 2012 were $15.2 billion. PPG shares are traded on the New York
Stock Exchange (symbol:PPG). For more information, visit www.ppg.com.

Additional Information for Journalists

Members of the media are invited to visit a special website for additional
information and images related to today's announcement at

Forward-Looking Statements

This news release contains certain statements about PPG Industries, Inc., that
are “forward-looking statements” within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. These matters involve risks and
uncertainties as discussed in PPG’s periodic reports on Form 10-K and Form
10-Q and its current reports on Form 8-K filed from time to time with the
Securities and Exchange Commission.

The forward-looking statements contained in this news release may include
statements about the expected effects on PPG of the acquisition of the North
American architectural coatings business of AkzoNobel (the “Transaction”),
statements about the anticipated benefits of the Transaction, including
expected synergies and when such synergies may be realized, and all other
statements in this news release that are not historical facts. Without
limitation, any statements preceded or followed by or that include the words
“targets,” “plans,” “believes,” “expects,” “intends,” “will,” “likely,” “may,”
“anticipates,” “estimates,” “projects,” “should,” “would,” “could,”
“positioned,” “strategy,” “future,” or words, phrases or terms of similar
substance or the negative thereof, are forward-looking statements.

These statements are based on the current expectations of the management of
PPG, and they are subject to uncertainty and to changes in circumstances and
involve risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in such forward-looking statements.
In addition, these statements are based on a number of assumptions that are
subject to change. Such risks, uncertainties and assumptions include those
relating to any unforeseen liabilities, future capital expenditures, revenues,
expenses, earnings, synergies, economic performance, indebtedness, financial
condition, losses and future prospects; those relating to business and
management strategies; those relating to the expansion and growth of PPG’s
operations; those relating to PPG’s ability to integrate the acquired assets
successfully after the closing of the Transaction and to achieve anticipated
synergies; and the risk that disruptions from the Transaction will harm PPG’s
businesses. However, it is not possible to predict or identify all such
factors. Consequently, while the list of factors presented here is considered
representative, no such list should be considered to be a complete statement
of all potential risks and uncertainties. Unlisted factors may present
significant additional obstacles to the realization of forward-looking

Forward-looking statements included herein are made as of the date hereof, and
PPG undertakes no obligation to update publicly such statements to reflect
subsequent events or circumstances.

Bringing innovation to the surface is a trademark of PPG Industries Ohio, Inc.
Olympic, PPG Pittsburgh Paints and PPG Porter Paints are registered trademarks
of PPG Architectural Finishes, Inc.
Lucite is a registered trademark of E.I. du Pont de Nemours and Co., used
under license.
Devoe, Glidden and Liquid Nails are registered trademarks of Akzo Nobel Paints
Dulux and Sikkens are registered trademarks of Akzo Nobel Coatings
International B.V.
Flood is a registered trademark of Akzo Nobel Coatings Inc.
Sico is a registered trademark of Akzo Nobel Canada Inc.


PPG Industries, Inc.
Jeremy Neuhart, PPG Corporate Communications, 412-434-3046
Vince Morales, PPG Investor Relations, 412-434-3740
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