October 16, 2014 – Woodland Park, NJ - Cytec Industries Inc. (CYT) announced today approval by the company's Board of Directors of a new $200 million share repurchase program of the company's common stock. “This share repurchase program, combined with the doubling of our dividend and the 2 for 1 stock split last quarter, reinforces our continued commitment to delivering increased value to shareholders,” said Shane Fleming, Chairman, President and Chief Executive Officer, Cytec Industries.  Mr. Fleming added, “This action also reflects the board’s confidence in our long-term growth strategy and in Cytec’s future free cash flow generation.”Stock will be purchased from time to time, in the open market or through private transactions, subject to market conditions.  The repurchases will be made in compliance with, and at such times as permitted by, federal securities law and may be suspended or discontinued at any time.Cytec’s vision is to deliver specialty material and chemical technologies beyond our customers’ imagination. Our focus on innovation, advanced technology and application expertise enables us to develop, manufacture and sell products that change the way our customers do business. Our pioneering products perform specific and important functions for our customers, enabling them to offer innovative solutions to the industries that they serve. Our products serve a diverse range of end markets including aerospace and industrial materials, mining and plastics.Media Contacts

Jodi Allen

Investor Relations

Tel: 1.973.357.3283

jodi.allen@cytec.com

Tara Tepp

In Process Separation Marketing Communications

Tel: 1.973.357.3347

tara.tepp@cytec.com

Katherine Vaiente

Global Marketing Communications Manager

Tel: 1.480.730.2310

Katherine.Vaiente@cytec.com

Claire Michel

Industrial Materials Marketing Communications

Tel: 44.1773.766200

claire.michel@cytec.com

Katherine Vaiente

Global Marketing Communications Manager

Tel: 1.480.730.2310

Katherine.Vaiente@cytec.com