PPG Board of Directors Authorizes $2.5 Billion Share Repurchase Program

PITTSBURGH–(BUSINESS WIRE)–PPG (NYSE:PPG) today announced that its board of directors has
authorized the repurchase of $2.5 billion of outstanding common stock.
The authorization is effective immediately, does not expire and gives
management discretion in determining the conditions under which shares
may be purchased.

This program is in addition to the company’s existing share repurchase
authorization, which was approved in October 2016 and had approximately
$1.4 billion remaining as of Sept. 30, 2017. Repurchases will be made in
accordance with applicable securities laws in the open market or in
privately negotiated transactions. Repurchases may commence or cease
without prior notice depending on economic and equity market conditions,
magnitude of other cash uses, including pace and timing of acquisitions,
and other factors.

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 $14.3 billion in 2016.
We serve customers in construction, consumer products, industrial and
transportation markets and aftermarkets. To learn more, visit www.ppg.com.

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 the timing
and number of shares ultimately purchased under PPG Industries’ share
repurchase program. Actual events may differ materially from current
expectations and are subject to a number of risks and uncertainties,
including PPG Industries’ ability to complete the share repurchase
program and the other risks and uncertainties 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.
Forward-looking statements speak only as of the date of their initial
issuance, and PPG Industries 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.

We protect and beautify the world is a trademark and the PPG
Logo is a registered trademark of PPG Industries Ohio, Inc.

Contacts

PPG Media Contact:
Mark Silvey, +1-412-434-3046
Corporate
Communications
[email protected]
or
PPG
Investor Contact:
John Bruno, +1-412-434-3466
Investor
Relations
[email protected]
investor.ppg.com