Griffon Corporation Announces $50mm Share Buyback Authorization

The Board of Directors of Griffon Corporation (NYSE:GFF) (the “Company”
or “Griffon”) authorized the repurchase of an additional $50 million of
Griffon’s outstanding common stock. Accordingly, Griffon now has a total
of $58.3 million available for the purchase of its shares of common
stock, including $8.3 million available under the August 2016 Board

About Griffon Corporation

Griffon is a diversified management and holding company that conducts
business through wholly-owned subsidiaries. Griffon oversees the
operations of its subsidiaries, allocates resources among them and
manages their capital structures. Griffon provides direction and
assistance to its subsidiaries in connection with acquisition and growth
opportunities as well as in connection with divestitures. In order to
further diversify, Griffon also seeks out, evaluates and, when
appropriate, will acquire additional businesses that offer potentially
attractive returns on capital.

Headquartered in New York, N.Y., the Company was founded in 1959 and is
incorporated in Delaware. Griffon is listed on the New York Stock
Exchanges and trades under the symbol GFF.

Griffon currently conducts its operations through two reportable

For more information on Griffon and its operating subsidiaries, please
see the Company’s website at

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