Ethyl Corporation - Mr. Perry Announces His Retirement 
Richmond, VA, March 1, 2004 - Ethyl Corporation (NYSE:EY) - After 35 years of loyal and dedicated service to Ethyl Corporation, Newton Perry has elected to retire at the end of June.  Mr. Perry joined Ethyl in 1969 and served in many important management positions during his career, including his most recent assignment as Senior Vice President – Strategy.  He has made significant contributions in every assignment he has been given. In his current role he has developed the overall corporate strategy, where he has set a strong foundation and clear course for the future of the company.

Newton has agreed to continue as a consultant for the company in its dealings with The Associated Octel Company Limited.

Bruce C. Gottwald, Chairman of the Board, acknowledged that he has relied on Newton’s judgment and counsel for many years.  "He has made many significant contributions to Ethyl Corporation, and his presence will be very much missed".

Ethyl Corporation develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products.  From custom-formulated chemical blends to market-general additive components, Ethyl provides the world with the technology to make fuels burn cleaner, engines run smoother, and machines last longer.


For Investor Information, Contact:

David A. Fiorenza 
Investor Relations 
Phone:  804.788.5555 
Fax:  804.788.5688