SUMMARY OF BASE SALARY AND ANNUAL INCENTIVE COMPENSATION PAYABLE TO NAMED EXECUTIVE OFFICERS

2013 Base Salary. On February 12, 2013, the Compensation and Management Development Committee (the “Compensation Committee”) of the Board of Directors of The Sherwin-Williams Company (“Sherwin-Williams”) set the 2013 base salaries of the executive officers who are expected to be named in the Summary Compensation Table of Sherwin-Williams' 2013 Proxy Statement (the “Named Executive Officers”). The base salaries of the Named Executive Officers for 2013 are as follows: C.M. Connor, Chairman and Chief Executive Officer ($1,221,987); J.G. Morikis, President and Chief Operating Officer ($826,696); S.P. Hennessy, Senior Vice President - Finance and Chief Financial Officer ($623,506); S.J. Oberfeld, Senior Vice President - Corporate Planning and Development ($569,036); and R.J. Davisson, President, Paint Stores Group ($505,362).

Annual Incentive Compensation to Be Earned in 2013. The Compensation Committee also approved the following minimum, target and maximum cash bonus award levels, as a percent of salary, for the Named Executive Officers for 2013 under The Sherwin-Williams Company 2007 Executive Performance Bonus Plan.