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News Release

Quaker Chemical Corporation Declares Quarterly Dividend

CONSHOHOCKEN, Pa., May 14 /PRNewswire-FirstCall/ -- The Board of Directors of Quaker Chemical Corporation (NYSE: KWR - News) today declared a quarterly dividend of $.21 per share, payable on July 31, 2003, to shareholders of record at the close of business on July 17, 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.