Press Release

CAMP, INC. RECEIVES $22.4 MILLION INTELLECTUAL PROPERTY (IP) DONATION FROM THE LUBRIZOL CORPORATION

CLEVELAND, OHIO, March 12, 2002 --- The Lubrizol Corporation (NYSE: LZ) today presented CAMP, Inc. with a major intellectual property donation, valued at $22.4 million. The donation, which includes 17 separate United States technology patents and related know-how for intelligent fluids, systems and related software, will be used to develop new manufacturing companies in Northeast Ohio.

"We are excited about the possibilities that this infusion of new technologies will bring to the creation of new companies in Northeast Ohio, and we are pleased that Lubrizol has chosen CAMP to commercialize these assets," said Dr. Stephen J. Gage, CAMP President.

The announcement was made at CAMP's Manufacturing and Technology Complex (CMTC), which will be home to the donated Lubrizol technologies. "Of the universities and organizations considered for donation, CAMP presented the most compelling and complete proposal to effectively use Lubrizol's intellectual property package to create new jobs and value in the region," said Charles Cooley, CFO of Lubrizol. "CAMP is unique in that, in addition to providing support to existing manufacturing companies, they are committed to forming and nurturing new, start-up enterprises. This CAMP facility can serve as an incubator for companies with the potential to provide economic growth for today and tomorrow."

Mayor Jane Campbell welcomed the announcement. "To build a viable future for the City of Cleveland and the region, we must build upon our assets. For Cleveland and Northeast Ohio, that means manufacturing. This gift of technologies to CAMP from Lubrizol is one way that we will do that." In addition to Mayor Campbell, Thomas A. Waltermire, President and CEO of PolyOne and Chairman of NORTECH, and Edward W. (Ned) Hill, Professor of Urban Studies at Cleveland State were also at the announcement, and pledged their support to this technology transfer.

Currently, CAMP is helping launch 10 new manufacturing and technology companies. Some of the companies are building businesses utilizing technologies developed in Russia, China, Canada and Israel. CAMP provides start-up manufacturing companies with the office space, funding, product/part design, prototyping, machining and business planning -- all located within the CMTC facility. The CMTC is located at 1768 East 25th Street, Cleveland, Ohio.

About CAMP - Since 1984, CAMP (www.camp.org) has assisted more than 3,000 manufacturers with hands-on improvement and training projects, resulting in more than $350 million of economic benefit to Northeast Ohio companies. Founded as the Cleveland Advanced Manufacturing Program, organized by Cleveland Tomorrow during the early 1980's, CAMP is a leading Manufacturing Extension Partnership center for the National Institute of Standards & Technology, an Ohio Edison Center, a partner with Cleveland State University operating the Advanced Manufacturing Center, and a major stakeholder in the Ohio Intellectual Property Collaborative.

About Lubrizol - The Lubrizol Corporation (www.lubrizol.com), headquartered in Wickliffe, Ohio, is a $1.8 billion global fluids technology company concentrating on high-performance chemicals, systems and services for industry and transportation. Lubrizol is best recognized as the world leader in specialty additives for lubricating oils. Our lubricant and fuel technologies increase operating efficiency and reduce environmental impact in all types of transportation equipment. Lubrizol also produces chemical products and systems that improve efficiency and reduce environmental and health exposure in industrial operations. Lubrizol products are found in a variety of markets, including coatings and inks, compressor lubricants and metalworking fluids.