GenCorp Unveils Name For New Company

GenCorp, Fairlawn, Ohio, has announced that OMNOVA Solutions Inc. will be the name for its new
spin-off company.OMNOVA Solutions will operate two of GenCorps businesses, the
DecorativeandBuilding Products and the Performance Chemicals divisions.When the spin-off is
completed, OMNOVA Solutions will become a publicly traded company, with approximately $766 million
in sales and 2,600 employees worldwide. Its headquarters will remain in Akron, Ohio.OMNOVA
Solutions conveys an all new identity and direction for the businesses into one strong and focused
company, said John Yasinsky, chairman and CEO, GenCorp. He went on to say: Weve created this
distinctive identity to demonstrate how significantly these businesses have been transformed over
the past several years, and to reflect the vitality and enhanced potential they have operating as
an independent company to generate even greater value for our customers and shareholders in the
future.”The company also unveiled a distinctive logo that, according to the company, exemplifies
the commitment to innovation and marks an all new beginning.

September 1999