TEXTRON SYSTEMS SELECTS TELEPHONICS TRULINK ® WIRELESS INTERCOM FOR NEW ARMORED SECURITY VEHICLES

Farmingdale, New York, November 30, 2004 — Telephonics Corporation, a wholly owned subsidiary of the Griffon Corporation (NYSE: GFF), announced today a contract award of approximately $1.0M from Textron Marine and Land Systems to supply its TruLink Wireless Intercommunication system for installation on Textron’s initial deliveries of Armored Security Vehicles (ASV) for the U.S. Army.

The ASV is a new armored vehicle that offers crew protection through multiple layers of armor for defense against gunfire, large artillery fragments, and land mines. TruLink brings wireless intercom capability to the ASV, allowing the operators to talk in-and-around the vehicle as well as with connection to multiple long-range radios. TruLink also enables crewmembers that have disembarked to communicate with each other along with the vehicle crew. TruLink enhances communications, increases safety, and operates reliably in high noise environments with resistance to shock, vibration, moisture, sand, dust, and extreme temperatures.

Telephonics continues its successful history with Textron, providing intercommunication systems on such programs as the U.S. Navy Landing Craft Air Cushion, OH-58D Kiowa Warrior and AH-1 Cobra Helicopters. The incorporation of TruLink on ASV expands the existing relationship with Textron Marine and Land Systems in providing innovative intercommunications capability.

Work on this program will begin immediately. All work will be performed at the Telephonics facilities in Farmingdale and Huntington, NY.

About Telephonics Corporation
A subsidiary of Griffon Corporation (NYSE: GFF), Telephonics’ (www.telephonics.com) broad based, high-tech engineering capabilities provide integrated information and communication systems solutions to both domestic and international markets. The company is organized into two operating divisions: Communications Systems, specializing in aircraft intercommunications, mass transit communications, wireless and audio products; and Command Systems, specializing in traffic management systems, maritime surveillance radar and aerospace electronics; and one wholly-owned subsidiary, TLSI. Operating under the Telephonics umbrella, TLSI (www.tlsi.com) manufactures application-specific integrated circuits (ASIC) for the telecommunications, automotive and industrial security markets.

About Griffon Corporation
In addition to developing and manufacturing information and communication systems for government and commercial markets worldwide, Griffon Corporation is also a leader in the development and production of embossed and laminated specialty plastic films used in the baby diaper, feminine napkin, adult incontinent, surgical and patient care markets. Griffon Corporation is also a leading manufacturer and marketer of residential, commercial and industrial garage doors sold to professional installing dealers and major home center retail chains. Through a substantial network of operations located throughout the country, Griffon’s building products company also installs and services specialty building products, primarily garage doors, openers, fireplaces and cabinets for new construction markets.

Forward Looking Statements
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