CAMBRIDGE, Massachusetts, Feb. 3, 2016 – Today, GCP Applied Technologies Inc. (NYSE: GCP) is pleased to announce its global launch as a new, publicly traded company. With industry-leading product positions across its construction products and packaging technologies businesses, GCP is focused on continuing to grow revenue and deliver value for stockholders.

After the market closed today, the previously announced separation of W. R. Grace & Co. (NYSE: GRA) and GCP was completed by means of a pro rata distribution to Grace stockholders of all of the outstanding common shares of GCP. As a result of the distribution, GCP is now an independent public company and its common stock is listed under the symbol “GCP” on the New York Stock Exchange.

One share of GCP common stock was distributed for each share of Grace common stock held as of the close of business on January 27, 2016. Approximately 70.5 million shares of GCP common stock were distributed. No fractional shares were distributed.

“As an independent company, GCP Applied Technologies will grow our business by focusing on quality products and services in the construction and packaging segments we serve,” said President and Chief Executive Officer, Gregory E. Poling. “We will grow through a combination of new technologies, geographic expansion and complementary acquisitions that support our customers worldwide.”

Headquartered in Cambridge, MA, GCP has approximately 2,850 employees on six continents, and serves customers in more than 110 countries.