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Alice Poltorick
Grace Construction Products
617-498-4996
alice.m.poltorick@grace.com



WAYNE SMITH NAMED VICE PRESIDENT OF GRACE PERFORMANCE CHEMICALS AND GENERAL MANAGER OF ITS SPECIALTY CONSTRUCTION CHEMICALS UNIT

CAMBRIDGE, MA, May 26, 2000 -- Grace Performance Chemicals, a division of W. R. Grace & Co., (NYSE: GRA), has named Wayne Smith as Vice President and as General Manager of its Construction Products' Specialty Construction Chemicals unit. In this capacity, Smith will head Specialty Construction Chemicals -- consisting of the concrete admixtures, cement additives, and masonry products businesses -- and serve on the Performance Chemicals' leadership team. Grace Performance Chemicals is comprised of Grace Construction Products and Darex Container Products.

Smith will report directly to Robert J. (Bob) Bettacchi, President, Grace Performance Chemicals and Senior Vice President, W. R. Grace & Co. "We are very pleased that Wayne has joined the Grace team. He brings to our organization an outstanding record of accomplishments with a leading global organization, and we are confident that he will make significant contributions to our operations," said Bettacchi.

Smith joins Grace from The BOC Group, where he most recently held the position of Vice President and General Manager, Packaged Systems. In this position he was responsible for business development, marketing, product development, technology management, manufacturing, and operations support for BOC Packaged Air Separation Plants. Prior to his most recent position, Smith held various positions within the BOC Group including marketing, operations and finance positions.

Smith holds a bachelor of science degree in chemical engineering from Syracuse University and a masters of business administration from The Wharton School. He will be relocating to Massachusetts with his wife Maureen Lally and two children.

Headquartered in Cambridge, Massachusetts, Grace Construction Products is a leading manufacturer worldwide of concrete admixtures, cement processing additives, fire protection and waterproofing products and masonry products. The company has more than 125 plants and sales offices around the world.


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