PPG Completes Sale of Remaining Fiberglass Operations to Nippon Electric Glass

PITTSBURGH–(BUSINESS WIRE)–PPG (NYSE:PPG) today announced that it has completed the sale of its
remaining fiberglass operations to Nippon Electric Glass Co. Ltd. (NEG),
a leading manufacturer of fiberglass. Pre-tax proceeds from the sale
were approximately $541 million, subject to customary post-closing
adjustments.

NEG has acquired PPG’s manufacturing facilities in Chester, South
Carolina, and Lexington and Shelby, North Carolina; and
research-and-development and administrative operations in Shelby and in
Harmar, Pennsylvania, near Pittsburgh. The business, which employs more
than 1,000 people and had net sales of approximately $350 million in
2016, supplies the transportation, energy, infrastructure and consumer
markets.

In 2016, PPG completed the sale of its European fiberglass operations to
NEG and divested its ownership interests in two Asian fiberglass joint
ventures. PPG also completed the sale of its North American flat glass
business in 2016.

With the sale of this remaining piece of its Glass reportable segment,
PPG is now comprised of two coatings-focused reportable business
segments: Industrial Coatings and Performance Coatings.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints,
coatings and materials that our customers have trusted for more than 130
years. Through dedication and creativity, we solve our customers’
biggest challenges, collaborating closely to find the right path
forward. With headquarters in Pittsburgh, we operate and innovate in
more than 70 countries and reported net sales of $14.3 billion in 2016.
We serve customers in construction, consumer products, industrial and
transportation markets and aftermarkets. To learn more, visit www.ppg.com.

Forward-Looking Statements

Statements in this news release relating to matters that are not
historical facts are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 reflecting the
company’s current view with respect to future events or objectives and
financial or operational performance or results. The forward-looking
statements contained herein include statements relating to the expected
benefits of the NEG transaction. Actual events may differ materially
from current expectations and are subject to a number of risks and
uncertainties, including the satisfaction of the conditions of the
transaction and the other risks and uncertainties discussed in PPG
Industries’ periodic reports on Form 10-K and Form 10-Q and its current
reports on Form 8-K filed with the Securities and Exchange Commission.
Forward-looking statements speak only as of the date of their initial
issuance, and PPG Industries does not undertake any obligation to update
or revise publicly any forward-looking statement, whether as a result of
new information, future events or otherwise.

We protect and beautify the world is a trademark and the PPG
Logo is a registered trademark of PPG Industries Ohio, Inc.

Contacts

PPG
Media Contact:
Mark Silvey, Corporate
Communications, +1-412-434-3046
[email protected]
or
Investor
Contact:
John Bruno, Investor Relations, +1-412-434-3466
[email protected]
investor.ppg.com