PPG Issues Statement Regarding Change to Customer Assortment

PITTSBURGH–(BUSINESS WIRE)–PPG (NYSE:PPG) today announced that late in the day on Feb. 27, 2018,
Lowe’s informed PPG that it will discontinue the sale of OLYMPIC®
brand paints and stains in its U.S. retail stores, effective mid-2018.

PPG has had a long-standing relationship with Lowe’s, which provided a
primary sales channel for a number of PPG’s brands, including its
time-honored Olympic brand paints and stain products. While PPG
is disappointed with Lowe’s decision, PPG believes this will create an
opportunity to expand the distribution of its products, including Olympic
brand products, through PPG stores, dealers and other distribution
partners. Olympic has been America’s most trusted stain brand
since 1938 and recently rated among the top stains by a leading
independent consumer rankings magazine. PPG remains confident in its
long-term strategy to support customers and looks forward to expanding
the Olympic brand and its strong portfolio of paints and stains
to new points of distribution.

Sales at Lowe’s stores in the U.S. represent less than $300 million of
PPG’s annual sales. PPG plans to aggressively and appropriately adjust
its cost structure to adapt to this change in its business. PPG
continues to value its longstanding relationship with Lowe’s and will
continue to supply certain specialty building materials to Lowe’s stores.

PPG’s architectural paints, stains and coatings products are distributed
through a diverse network that includes more than 900 company-owned
stores, more than 4,000 independent dealers, and approximately 8,000
major retailer locations.

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 PPG’s plans
to adjust its cost structure and to expand the distribution of its
products to new points of distribution. Actual events may differ
materially from current expectations and are subject to a number of
risks and uncertainties, including the timing and success of these
actions, and the other risks and uncertainties discussed in PPG’s
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 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.

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

We protect and beautify the world is a trademark and the PPG
Logo is a registered trademark of PPG Industries Ohio, Inc.
Olympic
is a registered trademark of PPG Architectural Finishes, Inc.
Lowe’s
is a registered trademark of LF, LLC.

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