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GRACE HONORS 11 AT ANNUAL MEETING; LAUNCHES CHAIRMAN'S EXCEPTIONAL ACHIEVEMENT AWARD

 BOCA RATON, Fla., May 26 /PRNewswire/ -- Launching the first annual Chairman's Exceptional Achievement Awards, W. R. Grace & Co. (NYSE: GRA) presented its highest honor to 11 employees at the company's annual shareholders' meeting in Boca Raton, Fla. Representing Grace operations throughout the U.S. as well as Poland and Mexico, the award winners were recognized for projects ranging from recycling to organizing Hurricane Andrew relief and pioneering in global markets.
 In presenting the awards, Chairman J. Peter Grace stated, "Our mission for the 1990s is focusing, upgrading and integrating operations to better compete in the global marketplace, and it demands the exceptional from all of us. The people we honor with this year's awards demonstrate the innovation and exciting vision of Team Grace at its best."
 Individual award winners received 400 shares of Grace common stock, and team members each received 250 shares, on a tax-free basis, in recognition of their achievements.
 A committee of Grace executives from a cross-section of operating divisions reviewed some 40 nominations to select the winners. The award criterion: extraordinary achievement benefiting Grace shareholders, communities, customers and employees. The winners of Grace's 1993 Chairman's Exceptional Achievement Awards are:
 -- Michael C. Saft, Washington Research Center, Columbia, Md. Saft identified the opportunity to obtain government and private funding to further Grace's lithium battery processing technology for electric vehicles. His work brought Grace and its partners a $27 million contract and the chance to participate in a market that could top $800 million annually within 10 years.
 -- Paul J. Murphy, Grace Logistics Services, Greenville, S.C. Following Hurricane Andrew, relief supplies often failed to reach the thousands of South Floridians in need. Answering an appeal from Florida Governor Lawton Chiles, Grace dispatched Murphy to organize supply trucking. Within two days, and working 20 hours a day, he increased shipments by 400 percent, winning praise from federal and military officials, as well as Gov. Chiles.
 -- Robert Ligocki, Grace Cocoa/Ambrosia Chocolate, Milwaukee, Wis. Ligocki's effort to recycle cardboard packaging began in a single manufacturing plant and extended to all Grace Cocoa operations in North America. The result: A $36,000 annual savings at his plant alone with 150 tons of cardboard recycled annually.
 -- Tennessee Valley Authority Task Team: William H. Knox of Nashville, Tenn. and David L. Goodwin of Fort Worth, Texas, both with the Composite Technology unit; Judith G. Tolan with Grace Construction Products in Cambridge, Mass,; Stephen H. Ahern, Legal Service Center, Cambridge, Mass.; Paul C. Pogharian, Grace Container Products, Woburn, Mass.; Kristin M. Meoli, Grace Washington, Washington, D.C. A collaboration among several Grace units, this team won Grace the first contract to provide fiber-glass-reinforced building components for a Tennessee Valley Authority power plant. The million-dollar contract was the largest in Composite Technology's history, with the prospect of significant follow-on-business.
 -- Nils Fernstroem, Grace's branch in Warsaw, Poland. This sales supervisor was Grace's "pathfinder" in pioneering the Polish market after the demise of communism. Going well beyond his expected duties, he acted as salesman, equipment technician and personnel trainer. Within two years, Fernstroem gained 45 new customers, and 1992 volume sales in Poland exceeded 1991 levels by 22 percent.
 -- Nereo Castellanos, Grace Mexico, Mexico City. A general accountant, Castellanos was solely responsible for a major contribution to Grace's bottom line. Persevering in accounting and legal research over several years, he obtained a tax savings of more than $700,000 for Grace Mexico.
 Exceptional Achievement Award winners were flown to Grace's Boca Raton headquarters for the annual shareholders' meeting and a recognition dinner, as well as the award ceremony.
 Grace is the world's largest specialty chemicals company and holds a leadership position in specialized health care.
 -0- 5/26/93
 /CONTACT: Chuck Suits of W. R. Grace & Co., 407-362-2600 or 800-GRACE99/
 (GRA)


CO: W. R. Grace & Co. ST: Florida IN: CHM HEA SU:

SS-JB -- FL001 -- 2315 05/26/93 09:02 EDT
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Date:May 26, 1993
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