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Ameron International Chairman and CEO Responds to Barington Capital Group

PASADENA, Calif., Mar 31, 2010 (BUSINESS WIRE) --James S. Marlen, Chairman, President and Chief Executive Officer of Ameron International Corporation (NYSE: AMN) today sent the following letter in response to Barington Capital Group, L.P.'s letter dated March 29, 2010.

March 31, 2010

Mr. James A. Mitarotonda
Barington Capital Group, L.P.
888 Seventh Avenue, 17th Floor
New York, New York 10019

Dear Mr. Mitarotonda:

This is in response to your letter received yesterday. My fellow Board Directors and I were disappointed that Barington chose to communicate at this time by way of a press release, given the fact that we have had substantive discussions with you over the past couple of months regarding some of the opinions you expressed in your letter. We were especially surprised by your comments given your many recent compliments, as expressed during recent conversations, regarding our management of the Company's businesses. As noted, you previously visited Ameron's offices and were afforded the opportunity to visit Ameron's facilities and inquire about the business. Nevertheless, given the fact that Barington has chosen to communicate publicly, we are similarly making this letter publicly available to all who follow Ameron.

While we wholeheartedly agree with you that Ameron's stock is undervalued given its long list of positive attributes, which include leading market positions, attractive end markets, valuable affiliations and a healthy, asset-rich balance sheet, we disagree with many of your theories as to why Ameron is undervalued. We look forward to discussing these positive attributes with Barington and all of our valued shareholders in the future.

Very truly yours,
James S. Marlen

About Ameron International

Ameron International Corporation is a multinational manufacturer of highly-engineered products and materials for the chemical, industrial, energy, transportation and infrastructure markets. Traded on the New York Stock Exchange (AMN), Ameron is a leading producer of water transmission lines and fabricated steel products, such as wind towers; fiberglass-composite pipe for transporting oil, chemicals and corrosive fluids and specialized materials; and products used in infrastructure projects. The Company's businesses operate in North America, South America, Europe and Asia. The Company also has partial ownership in several unconsolidated affiliates in the U.S. and the Middle East.

All statements in this press release and in all future press releases that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements represent the intentions, plans, expectations and beliefs of Ameron International Corporation (the "Company" or "Ameron"), and are subject to risks, uncertainties and other factors, many of which are outside the Company's control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled "Risk Factors" in the Company's Annual Report on Form 10-K for the period ended November 30, 2009. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law.

SOURCE: Ameron International Corporation

Ameron International Corporation
James S. Marlen, Chairman, President and Chief Executive Officer
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