from 10-K
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November 29, 1999 via Certified Mail Mr. J. Dean Presson Vice President National City Bank Corporate Trust Administration 629 Euclid Avenue, Suite 635 Cleveland, Oh 4414 Re: Lilly Industries, Inc. Rights Agreement Dear Mr. Presson: Pursuant to Section 21 of That Certain Rights Agreement by and Between Lilly Industries, Inc. ("Lilly") and Keycorp Shareholder Services, Inc. ("Keycorp"), Dated as of January 12, 1996 (The "Agreement"), Lilly Hereby Provides Notice That, Effective December 6, 1999, Keycorp Shall Be Removed as Rights Agent Under This Agreement. Pursuant to Section 21 of the Agreement, Lilly Has Appointed National City Bank to Be the Successor Rights Agent Effective as of December 6, 1999. for Your Records, Please Find Enclosed a Copy of the Rights Agreement. Sincerely, John C. Elbin Vice President, Chief Financial Officer and Secretary Encls. Jce/La 119905 <page> November 29, 1999 via Certified Mail Corporate Trust Officer Keycorp Shareholder Services, Inc. 127 Public Square, 15th Floor Cleveland, Oh 4414 Re: Lilly Industries, Inc. Rights Agreement to Whom It May Concern: Pursuant to Section 21 of That Certain Rights Agreement by and Between Lilly Industries, Inc. ("Lilly") and Keycorp Shareholder Services, Inc. ("Keycorp"), Dated as of January 12, 1996 (The "Agreement"), Lilly Hereby Provides Notice That Effective December 6, 1999, Keycorp Shall Be Removed as Rights Agent Under This Agreement. Sincerely, John C. Elbin Vice President, Chief Financial Officer and Secretary
