PPG Submits Offer to Acquire SigmaKalon for Approximately EUR 2.2 Billion

PPG Industries (NYSE:PPG) today announced an offer to purchase
SigmaKalon Group, a worldwide coatings producer based in Uithoorn,
Netherlands, from global private investment firm Bain Capital. The
total transaction value, including assumed debt, is EUR 2.2 billion.
Bain Capital has granted a period of exclusivity to PPG Industries and
intends to respond to the offer after discussions with appropriate
employee representative bodies. Should Bain Capital accept the offer,
the acquisition would be subject to customary conditions, including
receipt of regulatory approval.

Charles E. Bunch, chairman and chief executive officer, and
William H. Hernandez, senior vice president, finance, and chief
financial officer, will hold a conference call today at 1:30 p.m. ET
to review details of the proposed acquisition. To access the call,
dial (800) 230-1951 in the U.S. or (612) 332-0107 internationally,
participant code 881432.

SigmaKalon is a global producer of architectural, protective,
marine and industrial coatings, and a leading coatings supplier in
many parts of Europe and other key national markets across the globe,
with an increasing presence in Africa and Asia. SigmaKalon sells
architectural coatings directly to professional painters via a network
of service centers, and it maintains a network of approximately 500
company-owned stores and approximately 3,000 independent wholesalers
that give it direct access to customers.

SigmaKalon was created in 1999 from the merger of Total's Kalon
Group and PetroFina's Sigma Coatings, and it was acquired in 2003 by
Bain Capital. Sales have increased from approximately EUR 1.7 billion
in 2003 to approximately EUR 2 billion in 2006.

"The SigmaKalon business has performed well financially and would
be a strong complement to our existing coatings businesses," said
Charles E. Bunch, chairman and chief executive officer of PPG. "It
would give us an excellent footprint in the European architectural
coatings segment, where today we have very nominal participation. This
acquisition would give us a more balanced coatings business in Europe,
approximately doubling our European sales, and expand our global
coatings portfolio by more than 40 percent."

Bunch added that the acquisition would also strengthen PPG's
participation in higher growth markets, such as Southern and Central
Europe, Africa and Asia, and fits well with PPG's growing presence in
protective and marine coatings, spurred by several other recent
acquisitions.

Bunch said PPG's disciplined approach to mergers and acquisitions
and its strong track record in acquisition integration will serve it
well with the SigmaKalon transition.

"This is an excellent acquisition opportunity for us," Bunch said.
"It fits perfectly with our strategies, and from both geographic and
end-use market perspectives, it would enhance PPG's ability to
continue to drive profitable growth, with the end result of increasing
shareholder value."

Michael H. McGarry, vice president, coatings, and managing
director, PPG Europe, said, "PPG remains committed to ensuring that
both our customers and SigmaKalon's customers continue to receive
excellent performance in quality products and services while we work
through the contemplated integration of the businesses. In fact, we
believe this proposed acquisition will enhance our ability to meet the
needs of all of our coatings customers."

Lazard is acting as financial advisor to PPG Industries.

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 240 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.