News Release

Proprietary Water-Based Epoxy Curing Agent for Civil Engineering Coatings Introduced by Air Products

February 19, 2001 at 10:20 AM EST

In response to market demands for products that offer a solution to problems associated with moisture vapor transmission, Air Products and Chemicals, Inc. (NYSE:APD) has introduced a unique and proprietary curing agent to the North American civil engineering market. This product—Anquamine® 701 curing agent—offers formulators of industrial flooring systems the ability to create micro-porous, permeable floor coatings without sacrificing performance.

Anquamine 701 curing agent is based on a polymeric emulsion and has been developed primarily for use with liquid epoxy resins. It is capable of out-performing solid resin emulsion-based systems by offering the ability to formulate systems with high film thickness, zero VOC and without emulsifiers.

In addition to permeable coatings, Anquamine 701 curing agent provides enhanced performance to a wide variety of applications including, high-gloss to matte top coats; food/potable water contact coatings; grouts and putties; institutional coatings; and anticorrosive and high-build coatings. Product attributes include, very fast film drying; excellent adhesion to a wide range of substrates; low viscosity; very low free-amine content; very good early water resistance; good low temperature cure; temperature and shear-stability; and the ability to formulate low-cost systems based on high filler levels.

Anquamine 701 curing agent is the result of a cross-functional, multi-regional effort of the company's epoxy additives team that continues to develop innovative solutions to meet the challenges of the coatings industry.

Air Products and Chemicals, Inc. (www.airproducts.com) is the world's only combined gases and chemicals company. Founded more than 60 years ago and headquartered in eastern Pennsylvania's Lehigh Valley, the company has annual revenues of $5.5 billion and operations in 30 countries. Air Products is a market leader in the global electronics and chemical processing industries, and a longstanding innovator in basic manufacturing sectors, including steel, metal, glass and food processing. The company distinguishes itself through its 17,500 employees around the world, who build lasting relationships with their customers and communities based on understanding, integrity and passion.

Note: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.