Press Release

7/10/2012  -  FARNBOROUGH AIR SHOW, UK, -Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE: GFF), announced today that their APS-143 radar systems have achieved a prestigious milestone. These maritime surveillance radars have performed maritime surveillance missions for over two million hours, and it is expected that this number will increase significantly in the years to come.

“We are very proud to have achieved this formidable accomplishment. Telephonics prides itself in providing the best maritime surveillance radar systems to our domestic and international customers,” said Mr. Kevin McSweeney, Chief Operating Officer of Telephonics Corporation.

Currently, various versions of the APS-143 radar systems are used in over 25 countries in maritime patrol aircraft and multi-mission maritime helicopters because of their reliability, highly capable performance, cost effectiveness, and low weight. This high-resolution radar provides excellent small target detection, with low probability of intercept, while operating in the harshest of weather conditions for both commercial and military customers.

Today, Telephonics is a world leader in creating maritime radar systems that focus on maritime surveillance, anti-piracy, fisheries protection, search and rescue, and drug interdiction.

About Telephonics

Telephonics' high-technology engineering and manufacturing capabilities provide integrated information, communication and sensor system solutions to military and commercial markets worldwide. Telephonics specializes in aircraft intercommunication systems, wireless communication systems, radars, identification friend or foe products, integrated security systems, air traffic management systems, aerospace electronics, and the performance of threat and radar system analyses.

About Griffon Corporation

Griffon Corporation (the “Company” or “Griffon”), headquartered in New York, N.Y., is a diversified management and holding company that conducts business through wholly-owned subsidiaries. The Company oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. The Company provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself.

Forward-Looking Statements

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Certain statements other than statements of historical fact included in this release are forward-looking statements. Such forward-looking statements are based on the beliefs of the company’s management, as well as assumptions made by and information currently available to the company’s management. Actual results could differ materially from those contemplated by the forward-looking statements. Information concerning risks and uncertainties that may impact the company’s results and forward-looking statements are set forth in Griffon Corporation’s filings with the SEC. The company does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.