1. Christopher M. Connor Sean P. Hennessy Chairman & CEO Senior Vice President, Finance & CFO Robert J. Wells Vice President, Corporate Communications & Public Affairs

4. Coatings Industry Global Demand United States 26% Latin America 11% Europe 32% Asia Pacific 23% Canada 4% Other 4% Source: U.S. Census Bureau, July 2007/CHEMARK 7.3 Billion Gallons 81 Billion Dollars

5. Coatings Industry Top Manufacturers Source: Coatings World 1 Sherwin-Williams 2 PPG 3 Valspar 4 Masco 5 ICI 6 DuPont 7 RPM 8 Comex 9 Akzo Nobel 10 Benjamin Moore 1 Akzo Nobel/ICI 2 PPG/SigmaKalon 3 Sherwin-Williams 4 Dupont 5 Valspar 6 RPM 7 BASF 8 Kansai 9 Nippon 10 Sika Worldwide United States Source: Paint & Coatings Industry

6. U.S. Coatings Industry Sales ($) Mix by Category Source: U.S. Department of Commerce; Segment Percents Based on Dollars Architectural Coatings 48% Special Purpose 29% OEM Finishes 23% 2007 1.28 Billion Gallons 20.07 Billion Dollars

7. U.S. Construction Market Annual Growth Rates by Market (sq. ft.) Source: McGraw-Hill Construction – spring 2008 % Increase/Decrease 2003 2004 2005 2006 2007e 2008f

8. U.S. Existing Home Sales Seasonally Adjusted Source: National Association of Realtors Sales in Thousands of Units % Change over Previous Year

9. U.S. Architectural Coatings Gallons in Millions Source: U.S. Dept of Commerce MA28F Report/Internal Estimates

10. DIY Channel Share, U.S. Most Recent Purchase by Store Type Source: Proprietary Paint Industry Data, S-W Marketing 2007

11. Contractor Channel Share, U.S. Primary Outlet by Store Type Source: National Marketing Measures: 2007 2007

12. Company Overview Financial Highlights Net Sales $8.01M $7,810M EBITDA $1,148M $1,050M Income $616M $576M % Sales 7.7% 7.4% Earnings Per Share $4.70 $4.19 Net Operating Cash $875M $816M Dividend Per Share $1.26 $1.00 Return on Assets 12.7% 11.5% 2007 2006

13. Company Overview Revenue & Profit by Segment - 2007 Sales: $4.96 Billion Profit: $767 Million Profit %: 15.5% Sales: $1.31 Billion Profit: $224.2 Million Profit %: 17.1% Sales: $1.73 Billion Profit: $160.7 Million Profit %: 9.3% Paint Stores Global Consumer Controlled Distribution Accounts for 75% of Sales

18. Channel-Brand Strategy Leading Brands by Category and Channel Paint Aerosols Wood Care Applicators Sherwin-Williams Paint Store Paint Dealer/ Hardware Mass Merchant/ Department Specialty PAINT STORES GROUP CONSUMER GROUP

19. Leading Technology Total Technical Expenditures $ Millions % of Sales 1.3 1.3 1.5 1.6 1.6 1.7 1.7 1.6 1.5 1.3 1.3 1.3

21. People Development & Retention Recognized Employer of Choice FORTUNE “ 100 Best Companies to Work For” 2005, 2006 & 2008 The Princeton Review “ Best Entry Level Jobs” 2005, 2006, 2007 & 2008 BusinessWeek “ 100 Best Places to Launch A Career” 2007 & 2008

23. Manager 4.4% Assistant Mgr. 9.3% Sales Rep 6.9% People Development & Retention Voluntary Turnover

25. Consolidated Gross Profit

26. Selling, General & Admin Expense

27. Working Capital Ratio (Accounts Receivable + Inventory – Payables)/Sales 16.3% 13.8% 11.5% 11.0% 13.8% 12.5% 11.7% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 2000 2001 2002 2003 2004 2005 2006 2007 12.7%

29. Stock Repurchase Avg. Common Shares Outstanding 156.9 152.4 147.0 144.7 141.1 137.3 130.9 122.1 (fully diluted / in millions) (1Q)

30. Debt : EBITDA Ratio 678 745 848 1047 1148 514 738 621 875 965 0 500 1000 1500 2003 2004 2005 2006 2007 Debt EBITDA ($ in Millions) 76% 99% 73% 83% 84%

31. Dividends Per Share 1979 – 2008E