Chase Corporation Announces Six Month and Second Quarter Fiscal 2002 Results.

Business/Technology Editors

BRIDGEWATER, Mass.--(BUSINESS WIRE)--April 3, 2002

Chase Corporation (ASE: CCF) today reported revenues of $32,407,000 for the first six months ended February 28, 2002 compared with $34,835,000 for the same period last year. Net Income for the six months was $1,477,000 as compared to last year's net income of $2,624,000. Second quarter fiscal 2001 revenues were $17,054,000 with net income of $811,000 versus revenues of $16,909,000 and net income of $1,123,000 for the like period last year.

Our 2001 Annual Report speaks of the strategy of building on core businesses while expanding into markets that offer high potential for return. Our success through diversity has been severely tested during fiscal 2001 and the first six months of fiscal 2002 and the results have been positive. The second quarter, while significantly better than our first quarter, still reflects the impact of the recession, especially in some of our key markets. The Company continues to expect a difficult and unpredictable business climate but recent successes and investments should provide continued revenue and profitability improvements during the second half of fiscal 2002 and into fiscal 2003. Our goal to create shareholder value through new products and acquisitions remains a priority.

CHASE CORPORATION
6 Month Period ended February 28

                  For the Six Months Ended  For the Three Months Ended
                       2002        2001        2002        2001

Revenues            $32,407,000 $34,835,000 $17,054,000 $16,909,000

Net Income            1,477,000   2,624,000     811,000   1,123,000

Income per share of common
 stock:

Basic                     $0.37       $0.66       $0.20       $0.28
Fully Diluted             $0.36       $0.65       $0.20       $0.28

Average Shares
 Outstanding
  Basic               4,033,000   3,992,000   4,047,000   3,996,000
  Diluted             4,116,000   4,049,000   4,133,000   4,056,000

Certain statements in this press release are forward-looking. These may be identified by the use of forward-looking words or phrases such as "believe"; "expect"; "anticipate"; "should"; "planned"; "estimated" and "potential" among others. These forward-looking statements are based on Chase Corporation's current expectations. The Private Securities Litigation Reform Act of 1995 provides "safe harbor" for such forward-looking statements.

Chase Corporation is a diversified, advanced manufacturing company providing a wide-variety of high quality products and services to the specialty chemical, converting and electronic manufacturing industries. The Company's stock is traded on the American Stock Exchange (ASE: CCF).