PPG and Bain Capital Sign Agreement for Sale of SigmaKalon

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PPG Industries (NYSE:PPG) today announced that its offer to
acquire SigmaKalon Group, a worldwide coatings producer, from global
private investment firm Bain Capital has been accepted. PPG and Bain
Capital signed a Sale and Purchase Agreement upon the completion of
discussions with appropriate employee representative bodies.

The total transaction value, including assumed debt, is
approximately EUR 2.2 billion. The acquisition continues to be subject
to receipt of regulatory approvals.

"The process of consulting with and obtaining advice from the
relevant employee representative bodies was cooperative and
constructive," said Michael H. McGarry, Vice President, Coatings, and
Managing Director, PPG Europe. "As a result, we completed this phase
of the process and are now seeking approvals from several regulatory
agencies in Europe and elsewhere."

Based in Uithoorn, Netherlands, SigmaKalon produces architectural,
protective, marine and industrial coatings, and is a leading coatings
supplier in Europe and other key markets across the globe. The
acquisition would give PPG a stronger, more balanced coatings business
in Europe.

"We are pleased with how the sale process has progressed, and
continue to be pleased with management's efforts to move the business
forward," said Steve Barnes, Managing Director at Bain Capital based
in Boston. "SigmaKalon has very successfully developed over the last
four years into a best-in-class global coatings company, and we
believe the combination with PPG will allow the company to continue -
and in some areas accelerate - its successful strategy," added Walid
Sarkis, a Managing Director at Bain Capital based in London.

About PPG

Pittsburgh-based PPG is a global supplier of paints, coatings,
chemicals, optical products, specialty materials, glass and fiber
glass. The company employs more than 34,000 people and has 125
manufacturing facilities and equity affiliates in more than 25
countries. Sales in 2006 were $11 billion. PPG shares are traded on
the New York and Philadelphia stock exchanges (symbol: PPG). For more
information, visit www.ppg.com.

About Bain Capital

Bain Capital (www.baincapital.com) is a global private investment
firm that manages several pools of capital including private equity,
venture capital, public equity and leveraged debt assets with
approximately $50 billion in total assets under management. Since its
inception in 1984, Bain Capital has made private equity investments
and add-on acquisitions in over 250 companies around the world
including such industrial and consumer products manufacturing
companies as Brenntag, FCI, Sealy, Bombardier Recreational Products,
Novacap, Innophos, Boart Longyear and FCI. Headquartered in Boston,
Bain Capital has offices in London, New York, Munich, Tokyo, Hong Kong
and Shanghai.

Forward-Looking Statements

Statements in this news release relating to matters that are not
historical facts are forward-looking statements reflecting the
company's current view with respect to future events or objectives and
financial or operational performance or results. These matters involve
risks and uncertainties as 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. Accordingly,
many factors could cause actual results to differ materially from the
company's forward-looking statements.

Among these factors are increasing price and product competition
by foreign and domestic competitors, fluctuations in cost and
availability of raw materials and energy, the ability to maintain
favorable supplier relationships and arrangements, economic and
political conditions in international markets, foreign exchange rates
and fluctuations in such rates, the impact of environmental
regulations, unexpected business disruptions and the unpredictability
of possible future litigation, including litigation that could result
if the asbestos settlement discussed in PPG's filings with the SEC
does not become effective. 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 statements.

Consequences of material differences in results as compared with
those anticipated in the forward-looking statements could include,
among other things, business disruption, operational problems,
financial loss, legal liability to third parties and similar risks,
any of which could have a material adverse effect on PPG's
consolidated financial condition, operations or liquidity.

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