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GREAT LAKES COMMENTS ON STOCK TRADING ACTIVITY

 WEST LAFAYETTE, Ind., April 20 /PRNewsire/ -- Emerson Kampen, chairman, president and chief executive officer of Great Lakes Chemical Corporation (NYSE: GLK) commented on today's unusual trading activity in the company's stock.
 Kampen stated, "We know of no reason that would explain the unprecedented performance of Great Lakes' stock. The company's fundamentals and future prospects have not changed in anyway from four days ago when our stock price reached an all-time high."
 Great Lakes reported yesterday its highest quarterly results in the company's history. For the three months ending March 31, 1993, earnings grew to $64,242,000, or $.90 per share, up 21 percent from the $53,035,000, or $.75 per share, posted in the first three months of 1992. Revenues increased 23 percent to $436,582,000 over the $354,602,000 generated in the corresponding period last year.
 "Given the strengthening fundamentals of our existing business and the impact of our recent acquisitions, I clearly see the basis for Great Lakes continuing its twenty percent plus rate of growth in sales and earnings this year," Kampen concluded. "Coupling these factors with our progress in new product development plus the prospects for completing additional non-dilutive acquisitions to augment our specialty chemical interests, convinces me we have the means of achieving our growth objectives in the years ahead."
 Great Lakes Chemical Corporation, a Fortune 500 company, is the world's leading producer of bromine, brominated chemicals and furfural derivatives for such applications as flame retardants, agriculture, oil and gas well completion fluids, water sanitizers and other specialty applications. The stock of the company is traded on the New York Stock Exchange.
 -0- 4/20/93
 /CONTACT: David R. Bouchard or Gregory J. Griffith, both of Great Lakes Chemical Corporation, 317-497-6100/
 (GLK)


CO: Great Lakes Chemical Corporation ST: Indiana IN: CHM SU:

BM -- CL023 -- 8181 04/20/93 14:32 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
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