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RPM Announces Common Stock Offering

MEDINA, Ohio, Mar 11, 2002 /PRNewswire-FirstCall via COMTEX/ -- RPM, Inc. (NYSE: RPM) today filed a registration statement, including a prospectus supplement, with the Securities and Exchange Commission (SEC) for a proposed offering of 10 million shares of its common stock. All of the shares are being offered by RPM for its own account, with net proceeds of the offering to be used to further reduce RPM's bank debt.

(Photo: http://www.newscom.com/cgi-bin/prnh/20010126/RPMLOGO )

JPMorgan and Lehman Brothers are joint book-running managers for the offering. Merrill Lynch & Co., McDonald Investments Inc. and Robert W. Baird & Co. are acting as co-managers.

RPM, Inc. is a world leader in specialty coatings serving both industrial and consumer markets. RPM's industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Its consumer products are used by professional and do-it- yourselfers for home, automotive and boat maintenance and by hobbyists. Leading industrial brands include Stonhard, Tremco, Carboline, Day-Glo, Euco and Dryvit. Consumer brands include Zinsser, Rust-Oleum, DAP, Flecto, Bondo and Testor.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Copies of the preliminary prospectus supplement, when available, may be obtained from JPMorgan (c/o Equity Prospectus Department, 277 Park Avenue, 11th Floor, New York, New York 10017, phone: 212-622-5219, fax: 212-622-0220) or Lehman Brothers (c/o ADP Financial Services, Prospectus Fulfillment, 1155 Long Island Avenue, Edgewood, New York 11717, phone: 631-254-7106, fax: 631-254-7268, email: nwright@bis.adp.com).

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SOURCE RPM, Inc.

CONTACT:          Glenn R. Hasman, vice president - finance and communications of
                  RPM,  +1-330-273-8820
                  /Photo:  http://www.newscom.com/cgi-bin/prnh/20010126/RPMLOGO
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                  PRN Photo Desk, 888-776-6555 or 212-782-2840
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URL:              http://www.rpminc.com
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