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WILMINGTON, DE – APRIL 4, 2006 . . . Hercules Incorporated (NYSE: HPC) (“Hercules”) today announced the pricing terms of its previously announced offer to purchase for cash (the “Offer”) any and all of its outstanding $118,968,000 in aggregate principal amount 11.125% Senior Notes due 2007 (CUSIP Nos. 427056AY2 and 427056AW6) (the “Notes”) on the terms and subject to the conditions of its Offer to Purchase and Consent Solicitation Statement dated March 8, 2006 (the “Statement”). The total consideration for each $1,000 principal amount of the Notes (the “Total Consideration”), which will be payable in respect of the Notes that are accepted for payment and that were validly tendered on or prior to 5:00 p.m., New York City time, on April 5, 2006, will be $1,087.06 per $1,000 principal amount of the Notes. The Total Consideration consists of the Offer Consideration (as defined below), plus a $20.00 consent payment (the “Consent Payment”). The tender offer consideration (the “Offer Consideration”) was determined as of 2:00 p.m., New York City time, on April 3, 2006, and was calculated based on the present value of (i) $1,000 per $1,000 principal amount of the Notes, the amount payable on November 15, 2007, the stated maturity date (the “Maturity Date”), plus an amount equal to the interest that would have been paid on the Notes from the date of payment up to and including the Maturity Date, in each case determined on the basis of a yield to the Maturity Date equal to the sum of (x) the bid-side yield of the 3.00% U.S. Treasury Note due November 15, 2007, which was 4.8930% as of 2:00 p.m., New York City time, on April 3, 2006, plus (y) a fixed spread of 50 basis points, minus (ii) accrued and unpaid interest, minus (iii) the Consent Payment. The scheduled payment date for the Notes will be April 6, 2006 (the "Payment Date”), and the calculation of the Total Consideration is based on this date. In addition to the Total Consideration, tendering holders will receive accrued and unpaid interest to, but not including, the Payment Date, in the amount of $43.57 for each $1,000 principal amount of Notes validly tendered and not withdrawn pursuant to the Offer. This announcement is not an offer to
purchase, a solicitation of an offer to sell or a
solicitation of consent with respect to any Notes. The full
terms of the tender offer and the consent solicitation are
set forth in the controlling Statement and in the related
consent and letter of transmittal. Credit Suisse or Wachovia Securities Requests for documents should be directed to Mellon Investor Services LLC, the Information Agent for the tender offer and consent solicitation, 480 Washington Boulevard, Jersey City, New Jersey 07310 or (877) 698-6867 (Toll Free). # # # Hercules manufactures and markets chemical specialties globally for making a variety of products for home, office and industrial markets. For more information, visit the Hercules website at www.herc.com. This news release includes forward-looking
statements, as defined in the Private Securities Litigation
Reform Act of 1995, reflecting management's current analysis
and expectations, based on what management believes to be
reasonable assumptions. Forward-looking statements may
involve known or unknown risks, uncertainties and other
factors, which may cause the actual results to differ
materially from those projected, stated or implied depending
on such factors as: ability to raise capital, ability to
refinance, ability to execute divestitures and asset
dispositions, and adverse legal and regulatory developments.
Accordingly, there can be no assurance that the Company will
meet future results, performance or achievements expressed
or implied by such forward-looking statements. As
appropriate, additional factors are contained in other
reports filed by the Company with the Securities and
Exchange Commission. This paragraph is included to provide
safe harbor for forward-looking statements, which are not
generally required to be publicly revised as circumstances
change, and which the Company does not intend to update.
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