Refutes Inaccuracies and Challenges Misleading Claims

Provides Evidence of Company's Cherry-Picking of Metrics

Believes Griffon's Numerous Erroneous Claims are Proof Shareholder Driven Change is Needed

HOUSTON, Jan. 28, 2022 /PRNewswire/ -- Voss Capital, LLC ("Voss"), a significant shareholder of Griffon Corp. (NYSE: GFF) ("Griffon" or the "Company"), today issued an open letter to Griffon shareholders, which responds to several misleading statements and mischaracterizations made by Griffon in its recent investor presentation.

Dear Fellow Griffon Shareholders,

We have been encouraged by the positive investor response to our recent presentation that highlights the urgent need for change at Griffon, including our step-by-step plan for unlocking the value that is currently shrouded by Griffon's conglomerate structure, outsized management compensation and a lack of true Board independence.

Sadly, Griffon's executive team and Board have been unwilling to acknowledge the need for change. Instead of providing logical, accurate responses to the issues we have raised, the Company has chosen to be confrontational since our very first meeting. The Company's recently released investor presentation and letter attempt to mislead investors by cherry-picking benchmarks, metrics, and time periods. This is a blatant attempt to justify executives' oversized compensation and the Company's value destructive strategy. The Company also failed to address several key issues raised in our deck...

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