Press Releases

Cytec Declares Quarterly Dividend/Reinstates Stock Buyback

February 1, 2007
West Paterson, New Jersey, Cytec Industries Inc. (NYSE:CYT) announced today that the company’s Board of Directors declared a regular quarterly cash dividend of $0.10 per share on the common stock of the company, payable on February 26, 2007 to shareholders of record as of February 12, 2007.

In addition, the company announced the reinstatement of its stock buyback program which was suspended in 2004 immediately following the announcement of the anticipated acquisition of Surface Specialties. The acquisition closed on March 1, 2005. Approximately $69 million is left under the buyback program. The repurchases will be made from time-to-time on the open market or in private transactions and will be utilized for stock based compensation plans and other corporate purposes.

Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Achieving the results described in these statements involves a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in Cytec’s filings with the Securities and Exchange Commission.

Corporate Profile
Cytec Industries Inc. is a global specialty chemicals and materials company focused on developing, manufacturing and selling value-added products. Our products serve a diverse range of end markets including aerospace, adhesives, automotive and industrial coatings, chemical intermediates, inks, mining and plastics. We use our technology and application development expertise to create chemical and material solutions that are formulated to perform specific and important functions in the finished products of our customers.
 

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