OWENS CORNING ANNOUNCES SUCCESSION PLAN, TOP EXECUTIVE CHANGES.

Advanced Materials & Composites News, January, 2002

The Board of Directors of Owens Corning (Toledo, Ohio - NYSE: OWC) announced a management succession plan aimed at continuing the corporate focus on operational excellence, while simultaneously emerging from the Chapter 11 status in the shortest possible time. The plan includes the following key elements:

* David T. Brown is named chief executive officer, president and board

member.

* Michael H. Thaman is named chairman of the board.

* Maura Abeln Smith, who is chief restructuring officer, general counsel

and secretary, is also elected to the Board of Directors.

All board appointments are effective January 1, 2002, and all management changes, including Mr. Thaman's election as chairman of the board, are effective April 18, 2002.