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RPM COMPLETES CONVERTIBLE DEBT OFFERING

 RPM COMPLETES CONVERTIBLE DEBT OFFERING
 MEDINA, Ohio, Sept. 24 /PRNewswire/-- RPM, INC. (NASDAQ/NMS: RPOW)


announced today the completion of a public offering of $350 million face value at maturity Liquid Yield Option Notes due 2012 (the "LYONs"). The LYONs have a yield of 5.25 percent and are convertible into RPM Common Shares at a conversion price of $27.24.
 RPM will use the proceeds of approximately $120.7 million to retire existing debt.
 The LYONs (zero coupon subordinated notes convertible into RPM common shares) are non-callable for four years and were rated investment grade BBB- by Standard & Poor's Corporation and Baa3 by Moody's Investors Service. Merrill Lynch & Co. acted as the Underwriter of the LYONs offering and has been granted an over-allotment option to purchase up to an additional $50,000,000 principal amount at maturity of LYONs.
 RPM, Inc. is a manufacturer of specialty coatings for the waterproofing, maintenance and corrosion control markets, and for the consumer do-it-yourself, hobby and craft, and marine markets. RPM sells products to approximately 75 countries worldwide and operates 44 plants in the United States, Canada and Europe. RPM shares are traded on the NASDAQ National Market System. The fiscal year ended May 31, 1992, was RPM's 45th consecutive record year of sales, earnings and earnings per share, with sales of $552,091,783, earnings of $34,466,387 and earnings per share of $1.10.
 -0- 9/24/92
 /CONTACT: Thomas C. Sullivan or James A. Karman, 216-273-5090, both of RPM, Inc./
 (RPOW) CO: RPM, Inc. ST: Ohio IN: CHM SU: OFR


BM -- CL014 -- 3227 09/24/92 15:30 EDT
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Date:Sep 24, 1992
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