PPG Receives NYSE Notice Regarding Delayed Form 10-Q Filing

PITTSBURGH–(BUSINESS WIRE)–PPG (NYSE:PPG) today confirmed that on May 16, 2018, the New York Stock
Exchange (the ÔÇ£NYSEÔÇØ) notified the Company that it was not in compliance
with Section 802.01E of the NYSE Listed Company Manual due to a delay in
filing its Quarterly Report on Form 10-Q for the quarter ended March 31,
2018, with the Securities and Exchange Commission (ÔÇ£SECÔÇØ). Such notices
are routinely issued by the NYSE in such situations.

The NYSE informed the Company that, under the NYSEÔÇÖs rules, the Company
will have six months from May 10, 2018 to file the Form 10-Q with the
SEC. The Company can regain compliance with the NYSE listing standards
by filing the Form 10-Q with the SEC before such date.

As previously disclosed in the CompanyÔÇÖs Form 12b-25 filed with the SEC
on May 10, 2018, the Audit Committee of the CompanyÔÇÖs Board of Directors
is overseeing an investigation into certain accounting matters. The
Company continues to work diligently to complete the investigation but
is currently unable to predict the timing or outcome of the
investigation. Since the Company is not able to complete its Form 10-Q
while the investigation is ongoing, it is unable to predict the timing
of when it will file its Quarterly Report on Form 10-Q.

PPG: WE PROTECT AND BEAUTIFY THE WORLDÔäó

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 customersÔÇÖ
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 $14.8 billion in 2017.
We serve customers in construction, consumer products, industrial and
transportation markets and aftermarkets. To learn more, visit www.ppg.com.

Forward-Looking Statements

Statements continued herein relating to matters that are not historical
facts are forward-looking statements reflecting PPGÔÇÖs current view with
respect to future events and financial performance. These matters within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
involve risks and uncertainties that may affect PPG IndustriesÔÇÖ
operations, as discussed in PPGÔÇÖs filings with the Securities and
Exchange Commission pursuant to Sections 13(a), 13(c) or 15(d) of the
Exchange Act, and the rules and regulations promulgated thereunder.
Accordingly, many factors could cause actual results to differ
materially from the forward-looking statements contained herein. Such
factors include the length of the delay in PPGÔÇÖs financial reporting,
expectations about the PPGÔÇÖs ability to regain compliance with the
NYSEÔÇÖs listing requirements, the ongoing assessment of PPGÔÇÖs internal
control over financial reporting, the possibility that the ongoing
review may identify other errors, which may be material, in PPGÔÇÖs
accounting, the determination that certain previously issued financial
statements should no longer be relied upon, and PPGÔÇÖs need to restate
its financial statements. However, it is not possible to predict or
identify all such factors. Consequently, while the list of factors
presented here and in PPGÔÇÖs 2017 Form 10-K are 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 statements. Consequences of material differences in
results compared with those anticipated in the forward-looking
statements could include, among other things, lower sales or earnings,
business disruption, operational problems, financial loss, legal
liability to third parties and similar risks, any of which could have a
material adverse effect on PPGÔÇÖs consolidated financial condition,
results of operations or liquidity. All information in this release
speaks only as of May 22, 2018, and any distribution of this release
after that date is not intended and will not be construed as updating or
confirming such information. PPG undertakes no obligation to update any
forward-looking statement, except as otherwise required by applicable
law.

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