Chase Corporation Battles Various Asbestos Lawsuits --------------------------------------------------- Published December 20, 2002 In 2002, the Company was named as a defendant in two consolidated personal injury lawsuits in Jefferson County and Jackson County, Mississippi and in a single case in Brazoria County, Texas, all of which allege asbestos exposure. The two lawsuits in Mississippi name around 3,000 plaintiffs total and each lawsuit names approximately 400 defendants. It is not clear from the complaints in any of these cases whether there is any basis for the claims against the Company. Nor is it clear at this time whether the plaintiffs intend to pursue actively their claims against the Company. No discovery from the Company has been sought yet. The Company's insurer has assumed defense of these claims subject to reservation of its rights as to coverage for any underlying liability assessed. Although the Company cannot predict the outcome of these claims, management believes it will not have any material financial impact on the Company. COMPANY PROFILE Chase Corporation (AMEX: CCF) 26 Summer St. Bridgewater, MA 02324 Phone: 508-279-1789 Fax: 508-697-6419 http://www.chasecorp.com Employees : 352 Revenue : $ 69,300,000 Net Income : $ 4,500,000 Assets : $ 53,300,000 Liabilities : $ 20,100,000 (As of December 31, 2001) Description: The company makes tapes and protective coatings used by the electronic, public utility, and oil industries. Products include insulating and conducting materials for electrical and telephone wire, electrical repair tapes, protective pipe coatings, thermoelectric insulation for electrical equipment, and moisture protective coatings for electronics. Chase also provides circuit board manufacturing services. Cofounder and president emeritus Edward Chase owns about 37% of the company. His son Peter, president, CEO, and COO, owns about 13%. ------------------------------------------------------------------- LitigationDataSource.com