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News Release

Quaker Chemical Corporation Increases Quarterly Dividend

CONSHOHOCKEN, Pa., Mar 13, 2002 /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, 2002, to shareholders of record at the close of business on April 16, 2002. Mr. Ronald J. Naples, Chairman and Chief Executive Officer, noted that the Company has increased its dividend to shareholders annually since 1972 when it became a publicly held company.

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

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