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News Release

Quaker Chemical Corporation Declares Quarterly Dividend

CONSHOHOCKEN, Pa., Mar 19, 2003 /PRNewswire-FirstCall via COMTEX/ -- The Board of Directors of Quaker Chemical Corporation (NYSE: KWR) today declared a quarterly dividend of $.21 per share, payable on April 30, 2003, to shareholders of record at the close of business on April 16, 2003.

Quaker Chemical Corporation, headquartered in Conshohocken, Pennsylvania, is a worldwide developer, producer, and marketer of custom-formulated chemical specialty products and a provider of chemical management services for manufacturers around the globe, primarily in the steel and automotive industries.

SOURCE Quaker Chemical Corporation

CONTACT:          D. Jeffry Benoliel, Vice President, Corporate Secretary and
                  General Counsel of Quaker Chemical Corporation, +1-610-832-7850