PPG Announces Share Repurchase; Directors Set Dividend

    Business Editors

    PITTSBURGH--(BUSINESS WIRE)--Jan. 20, 2005--As a result of strong earnings and cash flow announced earlier today, PPG Industries (NYSE:PPG) announced it expects to purchase up to $500 million of stock by year end under a previously authorized and announced share repurchase program.
    Combined with the $100 million share repurchase completed late last year, PPG will have repurchased about 5 percent of the company's outstanding shares by year end.
    Since the mid-1980s the company has reduced its outstanding shares by more than 38 percent. That includes the repurchase of more than 36 million shares for $1.8 billion from 1994 through 1997.
    Also today the board of directors declared a regular quarterly dividend of 45 cents a share, payable March 11 to shareholders of record Feb. 22.
    PPG has paid uninterrupted dividends since 1899.

--30--SLB/cl*

CONTACT: PPG Industries Jeff Worden, 412-434-3046 Investors: Douglas B. Atkinson, 412-434-2120

KEYWORD: PENNSYLVANIA INDUSTRY KEYWORD: CHEMICALS/PLASTICS REAL ESTATE BUILDING/CONSTRUCTION AEROSPACE/DEFENSE AUTOMOTIVE DIVIDEND SOURCE: PPG Industries

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