Georgia Gulf Receives Notice Regarding NYSE Listing

(BUSINESS WIRE)--Georgia Gulf Corporation (NYSE:GGC) (the “Company”) today announced the Company has been notified by the New York Stock Exchange (the “NYSE”) that it is not in compliance with one of the continued listing standards of the NYSE.

Georgia Gulf Corporation is below criteria established by the NYSE because the Company’s total market capitalization has been less than $75 million over a consecutive 30 trading-day period and its last reported shareholders’ equity was less than $75 million at December 31, 2008.

In accordance with NYSE procedures, Georgia Gulf Corporation has 45 days from the receipt of this notice to submit a plan to the NYSE demonstrating how it intends to comply with the NYSE’s continued listing standards within 18 months. Georgia Gulf Corporation intends to submit a plan to bring the Company into compliance with the listing standards within the required time frame.

If the average closing price of Georgia Gulf Corporation’s common stock is less than $1.00 over a consecutive 30 trading-day period, the Company will receive a formal written notice from the NYSE regarding its non-compliance with an additional NYSE listing standard (the “Closing Price Rule”). As of February 23, 2009, the average closing price of Georgia Gulf Corporation’s common stock over the last 30 consecutive trading days was $1.08 and the closing price of Georgia Gulf Corporation’s common stock on February 23, 2009 was $0.66. The Company believes it will be out of compliance with this additional listing standard, unless the market price of its common stock increases significantly in the near term. In order to remain in compliance with the Closing Price Rule, the share price and the consecutive 30 trading-day closing price of Georgia Gulf Corporation’s common stock must be above $1.00 within six months from the date the Company receives formal notice of non-compliance from the NYSE. Should the Company fail to meet these standards at the expiration of the six-month period, the NYSE will commence suspension and delisting procedures.

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