Owens Corning Declares Second-Quarter 2014 Dividend

             Owens Corning Declares Second-Quarter 2014 Dividend

PR Newswire

TOLEDO, Ohio, June 12, 2014

TOLEDO,Ohio, June 12, 2014 /PRNewswire/ --Owens Corning (NYSE: OC) today
announced that its Board of Directors has declared a quarterly cash dividend
of $0.16 per common share. The dividend will be payable on July 29, 2014 to
shareholders of record as of July 14, 2014.

Future dividend declarations will be made at the discretion of the Board of
Directors and will be based on such factors as the company's earnings,
financial condition, cash requirements, future prospects and other factors.

About Owens Corning

Owens Corning (NYSE: OC) is a leading global producer of residential and
commercial building materials, glass-fiber reinforcements and engineered
materials for composite systems. A Fortune 500® company for 60 consecutive
years and in business for more than 75 years, Owens Corning is a
market-leading innovator of glass-fiber technology with sales of $5.3 billion
in 2013 and about 15,000 employees in 27 countries. Additional information is
available at www.owenscorning.com.

This news release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements are subject to risks,
uncertainties and other factors that may cause actual results to differ
materially from those projected in these statements. Such factors include,
without limitation: economic and political conditions, including; levels of
residential and commercial construction activity; competitive factors; levels
of global industrial production; relationships with key customers;
difficulties in managing production capacity; industry and economic conditions
that affect the market and operating conditions of our customers, suppliers or
lenders; availability and cost of credit; our level of indebtedness; weather
conditions; pricing factors; availability and cost of energy and raw
materials; issues involving implementation of new business systems; new
legislation or other governmental actions; our ability to use our net
operating loss carry-forwards; research and development activities; foreign
exchange fluctuations; interest rate movements; labor disputes; issues related
to acquisitions, divestitures and joint ventures; uninsured losses;
achievement of expected synergies, cost reductions and/or productivity
improvements; defined benefit plan funding obligations; and, factors detailed
from time to time in the company's Securities and Exchange Commission filings.
The information in this news release speaks as of June 12, 2014, and is
subject to change. The company does not undertake any obligation to update or
revise forward-looking statements beyond what is required by federal
securities laws. Any distribution of this news release after that date is not
intended and should not be construed as updating or confirming such
information.

Owens Corning Investor Relations News

SOURCE Owens Corning

Website: http://www.owenscorning.com
Contact: Media Inquiries: Matt Schroder, 419.248.8987; or Investor Inquiries:
Thierry Denis, 419.248.5748
 
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