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Telephonics Announces Leadership Reorganization

Maritime Activity Reports, Inc.

January 18, 2012

Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE:GFF), said that Kevin McSweeney has been named COO of Telephonics, a new position reporting directly to Joseph J. Battaglia, President and Chief Executive Officer of Telephonics. This is part of a reorganization of Telephonics’ leadership team that has been undertaken to better facilitate planned growth and business development. Telephonics is a leading global designer, developer and manufacturer of high-technology, integrated information, communication and sensor system solutions for use in military and commercial markets.

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