ElkCorp Comments on BMCA Proposal

  
    
  
  
    
      ElkCorp (NYSE:ELK) today issued the statement below in response to BMCA’s 
      amended 13D filing and letter in which BMCA proposes to acquire ElkCorp 
      for $35 per share in cash. As announced on November 6, ElkCorp’s 
      Board of Directors is engaged in a review of the Company’s 
      strategic alternatives and has retained UBS Investment Bank to assist in 
      this process.
    
    
      Statement
    
    
      “The Board is firmly committed to a fair 
      process that will yield the best result for all shareholders and the 
      Company, and will evaluate and consider BMCA’s 
      proposal in the context of the overall process and all other proposals 
      received.
    
    
      “Regarding BMCA’s 
      unwillingness to execute a customary confidentiality and standstill 
      agreement, several parties have already signed our form agreement and 
      are actively participating in our process, including by submitting 
      indications of interest. We have simply requested that BMCA do likewise 
      and participate on a fair and even basis with other interested parties. 
      A number of the assertions in BMCA’s letter 
      are simply incorrect. Among other things, BMCA indicated no willingness 
      to compromise on the terms of the agreement, insisting instead on 
      preferential treatment not justified by their offer.
    
    
      “We continue to invite BMCA’s 
      participation in our process on a basis that enhances rather than 
      reduces the likelihood of achieving the best possible result for our 
      shareholders.”
    
    
      As previously disclosed, the Company has not set a definitive timetable 
      for completion of its evaluation and further there can be no assurances 
      that the evaluation process will result in any transaction.
    
    
      About ElkCorp
    
    
      ElkCorp, through its subsidiaries, manufactures Elk brand premium 
      roofing and building products (90% of consolidated revenue) and provides 
      technologically advanced products and services to other industries. Its 
      common stock is listed on the New York Stock Exchange (NYSE:ELK). See www.elkcorp.com 
      for more information.
    
  
ElkCorp (NYSE:ELK) today issued the statement below in response to
BMCA's amended 13D filing and letter in which BMCA proposes to acquire
ElkCorp for $35 per share in cash. As announced on November 6,
ElkCorp's Board of Directors is engaged in a review of the Company's
strategic alternatives and has retained UBS Investment Bank to assist
in this process.

   Statement

   "The Board is firmly committed to a fair process that will yield
the best result for all shareholders and the Company, and will
evaluate and consider BMCA's proposal in the context of the overall
process and all other proposals received.

   "Regarding BMCA's unwillingness to execute a customary
confidentiality and standstill agreement, several parties have already
signed our form agreement and are actively participating in our
process, including by submitting indications of interest. We have
simply requested that BMCA do likewise and participate on a fair and
even basis with other interested parties. A number of the assertions
in BMCA's letter are simply incorrect. Among other things, BMCA
indicated no willingness to compromise on the terms of the agreement,
insisting instead on preferential treatment not justified by their
offer.

   "We continue to invite BMCA's participation in our process on a
basis that enhances rather than reduces the likelihood of achieving
the best possible result for our shareholders."

   As previously disclosed, the Company has not set a definitive
timetable for completion of its evaluation and further there can be no
assurances that the evaluation process will result in any transaction.

   About ElkCorp

   ElkCorp, through its subsidiaries, manufactures Elk brand premium
roofing and building products (90% of consolidated revenue) and
provides technologically advanced products and services to other
industries. Its common stock is listed on the New York Stock Exchange
(NYSE:ELK). See www.elkcorp.com for more information.