GRIFFON CORPORATION ANNOUNCES
                        INCREASE IN STOCK BUYBACK PROGRAM
             AND APPOINTMENT OF GENERAL DONALD J. KUTYNA USAF (RET.)
                              TO BOARD OF DIRECTORS

     Jericho,  New  York,  August  8,  2005  -  Griffon  Corporation  (NYSE:GFF)
announced  today that it has increased  its stock  buyback  program by 1,500,000
shares. This brings the current  authorization to 2,900,000 shares.  Since 1993,
the company has  expended  $199,000,000  to  purchase  15,700,000  shares of its
capital stock. Additional purchases will be made from time to time, depending on
market conditions, at prices deemed appropriate by management.

     In addition,  the company's Board of Directors  appointed General Donald J.
Kutyna USAF (Ret.) to the Board.  General  Kutyna had been commander in chief of
the North  American  Aerospace  Command and the U.S.  Space  Command and the Air
Force Space Command.

     Griffon Corporation -

     o    is a leading manufacturer and marketer of residential,  commercial and
          industrial  garage doors sold to professional  installing  dealers and
          major home center  retail  chains;

     o    installs  and  services   specialty  building  products  and  systems,
          primarily  garage doors,  openers,  fireplaces  and cabinets,  for new
          construction  markets  through a  substantial  network  of  operations
          located  throughout the country;





     o    is an  international  leader  in the  development  and  production  of
          embossed  and  laminated  specialty  plastic  films  used in the  baby
          diaper, feminine napkin, adult incontinent,  surgical and patient care
          markets; and

     o    develops and manufactures  information and  communication  systems for
          government and commercial markets  worldwide.

"Safe Harbor"  Statement under the Private  Securities  Litigation Reform Act of
1995: All statements  other than  statements of historical fact included in this
release,   including  without  limitation  statements  regarding  the  company's
financial  position,  business  strategy  and the  plans and  objectives  of the
company's management for future operations, are forward-looking statements. When
used  in  this  release,  words  such as  "anticipate",  "believe",  "estimate",
"expect",  "intend",  and similar expressions,  as they relate to the company or
its  management,   identify  forward-looking  statements.  Such  forward-looking
statements  are based on the  beliefs of the  company's  management,  as well as
assumptions  made  by and  information  currently  available  to  the  company's
management.  Actual results could differ  materially from those  contemplated by
the forward-looking statements as a result of certain factors, including but not
limited to, business and economic  conditions,  results of integrating  acquired
businesses into existing  operations,  competitive factors and pricing pressures
for resin and steel,  capacity and supply  constraints.  Such statements reflect
the views of the company with respect to future  events and are subject to these
and other  risks,  uncertainties  and  assumptions  relating to the  operations,
results of operations, growth strategy and liquidity of the company. Readers are
cautioned not to place undue reliance on these forward-looking  statements.  The
company  does  not  undertake  to  release   publicly  any  revisions  to  these
forward-looking  statements  to reflect  future  events or  circumstances  or to
reflect the occurrence of unanticipated events.