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RPM Increases Cash Dividend for 30th Consecutive Year

Stockholders Elect Four Directors at Annual Meeting

MEDINA, Ohio, Oct. 10 /PRNewswire-FirstCall/ -- RPM International Inc. (NYSE: RPM - News) announced today at its annual meeting of stockholders that its Board of Directors declared a quarterly cash dividend of $0.14 per common share, an 8 percent increase from the previous $0.13 per common share. This represents the 30th consecutive year of cash dividend increases and will be payable October 31, 2003, to stockholders of record as of October 20, 2003. At a share price of $14.00, RPM's current dividend yield will be 4 percent.

RPM also announced that stockholders elected four Class II directors to three-year terms expiring in 2006. Directors elected were: Bruce A. Carbonari, president and chief executive officer of Fortune Brands Home and Hardware; Donald K. Miller, chairman of Axiom Management Investor LLC; Joseph P. Viviano, retired vice chairman of Hershey Foods; and James A. Karman, retired vice chairman of RPM International Inc.

In addition, stockholders approved a Restricted Stock Plan for Directors

RPM International Inc., a holding company, owns subsidiaries that are world leaders 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. RPM's consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement, automotive and boat repair and maintenance, and by hobbyists. Industrial brands include Stonhard, Tremco, Carboline, Day-Glo, Euco and Dryvit. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane, Bondo and Testors.

Source: RPM International Inc.


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