Axalta Confirms Acquisition Discussions with Nippon Paint

PHILADELPHIA–(BUSINESS WIRE)–Axalta Coating Systems (NYSE: AXTA) (“Axalta”), a leading global
coatings company, today issued the following statement:

“Axalta today confirmed that it is engaged in discussions with Nippon
Paint regarding a potential acquisition of Axalta. Axalta will pursue
such a transaction only if its Board of Directors determines that it is
in the best interest of Axalta to do so. There can be no assurances that
a definitive agreement between the parties will be reached or on what
terms.”

About Axalta

Axalta is a global leader in the coatings industry, providing customers
with innovative, colorful, beautiful and sustainable coatings solutions.
From light vehicles, commercial vehicles and refinish applications to
electric motors, building facades and other industrial applications, our
coatings are designed to prevent corrosion, increase productivity and
enhance durability. With more than 150 years of experience in the
coatings industry, the 13,300 people of Axalta continue to find ways to
serve our more than 100,000 customers in 130 countries better every day
with the finest coatings, application systems and technology. For more
information, visit axaltacoatingsystems.com
and follow us @axalta on Twitter.

Cautionary Statement Concerning Forward-Looking Statements

This release may contain certain forward-looking statements regarding
Axalta and its subsidiaries including those relating to Axalta’s pursuit
of value-creating alternatives, including the potential for a
transaction. Forward-looking statements are based on management’s
expectations as well as estimates and assumptions prepared by management
that, although they believe to be reasonable, are inherently uncertain.
These statements may involve risks and uncertainties, including, but not
limited to, the parties’ ability to reach a definitive agreement or the
terms thereof. Axalta undertakes no obligation to update or revise any
of the forward-looking statements contained herein, whether as a result
of new information, future events or otherwise.

Contacts

Axalta Coating Systems
Investors:
Christopher
Mecray, +1-215-255-7970
[email protected]
or
Media:
Robert
Ferris, +1-215-255-7981
[email protected]