**FORM      10-Q**

| MacDermid,                Incorporated                                        |
|-------------------------------------------------------------------------------|
| (Exact                name of registrant as specified in its charter)         |
|                                                                          |   |
| Connecticut                                                                   | 06-0435750 |
| (State                or other jurisdiction of incorporation or organization) | (I.R.S.                Employer Identification No.) |
|                                                                          |   |
| 1401                Blake St. Denver, Colorado                                | 80202 |
| (Address                of principal executive offices)                       | (Zip                Code) |
|                                                                          |   |
| Registrant's                telephone number, including area code             | (720)                479-3060 |

| Yes | X | No |   |
|-----|---|----|--------|

| Large                accelerated filer     | X | Accelerated                filer |   |   Non-accelerated                filer |   |
|-----------------------------------------------------------|---|----------------------------------|--------|--------------------------------------------------|--------|

| Yes |   | No | X |
|-----|--------|----|---|

| Class                                     | Outstanding                at May 12, 2006 |
|-------------------------------------------|--------------------------------------------|
| Common                Stock, no par value | 30,833,415                shares           |

|                                         |                                                                                                           |   |
|----------------------------------------------|----------------------------------------------------------------------------------------------------------------|--------|
|                                         |                                                                                                           |   |
| PART                I: Financial Information |                                                                                                           |
|                                         |                                                                                                           |   |
| Item                1:                       | Financial                Statements (Unaudited):                                                               |   |
|                                         | Consolidated                Statements of Earnings for the three months                                        |   |
|                                         | ended                March 31, 2006 and 2005                                                                   |   |
|                                         | Consolidated                Balance Sheets as of March 31, 2006 and                                            |   |
|                                         | December                31, 2005                                                                               |   |
|                                         | Consolidated                Statements of Cash Flows for the three months ended                                |   |
|                                         | March                31, 2006 and 2005                                                                         |   |
|                                         | Notes                to Consolidated Financial Statements                                                      |   |
|                                         |                                                                                                           |   |
| Item                2:                       | Management’s                Discussion and Analysis of Financial Condition and Results                of |   |
|                                         | Operations                                                                                                     |   |
|                                         |                                                                                                           |   |
| Item                3:                       | Quantitative                and Qualitative Disclosures About Market Risk                                      |   |
|                                         |                                                                                                           |   |
| Item                4:                       | Controls                and Procedures                                                                         |   |
|                                         |                                                                                                           |   |
| PART                II: Other Information    |                                                                                                           |
|                                         |                                                                                                           |   |
| Item                1:                       | Legal                Proceedings                                                                               |   |
| Item                1A:                      | Risk                Factors                                                                                    |   |
| Item                2:                       | Unregistered                Sales of Equity Securities and Use of Proceeds                                     |   |
| Item                3:                       | Defaults                Upon Senior Securities                                                                 |   |
| Item                4:                       | Submission                of Matters to a Vote of Security Holders                                             |   |
| Item                5:                       | Other                Information                                                                               |   |
| Item                6:                       | Exhibits                                                                                                       |   |
|                                         |                                                                                                           |   |
|                                         | Signatures                                                                                                     |   |

PART      I 

ITEM      1

**MACDERMID,      INCORPORATED**

**CONSOLIDATED      STATEMENTS OF EARNINGS**

|                                                   |   | **Three                  months ended March 31,**   |    |
|--------------------------------------------------------|--------|---------------------------------------------------------------|---------|
|                                                   |   | **2006**                                                      |    |  **2005** |   |
|                                                   |   |                                                          |    |    |   |
| Net                  sales                             |   | $                                                             | 200,358 |   | $ | 170,247 |   |
| Cost                  of sales                         |   |                                                          | 111,887 |   |   | 92,594 |   |
| Gross                  profit                          |   |                                                          | 88,471  |   |   | 77,653 |   |
|                                                   |   |                                                          |    |   |   |   |   |
| Operating                  expenses:                   |   |                                                          |    |   |   |   |   |
| Selling,                  technical and administrative |   |                                                          | 53,017  |   |   | 46,670 |   |
| Research                  and development              |   |                                                          | 7,304   |   |   | 6,532 |   |
| Loss                  on disposal                      |   |                                                          | 2,224   |   |   | - |   |
| Restructuring                                          |   |                                                          | 1,482   |   |   | - |   |
|                                                   |   |                                                          | 64,027  |   |   | 53,202 |   |
| Operating                  profit                      |   |                                                          | 24,444  |   |   | 24,451 |   |
|                                                   |   |                                                          |    |   |   |   |   |
| Other                  income (expense):               |   |                                                          |    |   |   |   |   |
| Interest                  income                       |   |                                                          | 850     |   |   | 622 |   |
| Interest                  expense                      |   |                                                          | (6,688  | ) |   | (7,644 | ) |
| Miscellaneous                  (expense) income        |   |                                                          | (367    | ) |   | 30 |   |
|                                                   |   |                                                          | (6,205  | ) |   | (6,992 | ) |
|                                                   |   |                                                          |    |   |   |   |   |
| Earnings                  before income taxes          |   |                                                          | 18,239  |   |   | 17,459 |   |
| Income                  taxes                          |   |                                                          | (4,961  | ) |   | (5,674 | ) |
| Net                  earnings                          |   | $                                                             | 13,278  |   | $ | 11,785 |   |
|                                                   |   |                                                          |    |   |   |   |   |
|                                                   |   |                                                          |    |   |   |   |   |
| Earnings                  per common share:            |   |                                                          |    |   |   |   |   |
| Basic                                                  |   | $                                                             | 0.43    |   | $ | 0.39 |   |
| Diluted                                                |   | $                                                             | 0.43    |   | $ | 0.38 |   |
|                                                   |   |                                                          |    |   |   |   |   |
| Weighted                  average common shares        |   |                                                          |    |   |   |   |   |
| outstanding:                                           |   |                                                          |    |   |   |   |   |
| Basic                                                  |   |                                                          | 30,658  |   |   | 30,293 |   |
| Diluted                                                |   |                                                          | 31,065  |   |   | 30,810 |   |
|                                                   |   |                                                          |    |   |   |   |   |
|                                                   |   |                                                          |    |   |   |   |   |
| Dividends                  declared per common share   |   | $                                                             | 0.06    |   | $ | 0.06 |   |
|                                                   |   |                                                          |    |   |   |   |   |

**MACDERMID,      INCORPORATED**

**CONSOLIDATED      BALANCE SHEETS**

|                                                              |   | **March                  31,** |     |  **December                  31,** |   |
|-------------------------------------------------------------------|--------|--------------------------------|----------|-----------------------------------------|--------|
|                                                              |   | **2006**                       |     |  **2005**                          |   |
|                                                              |   | (unaudited)                    |     |  (unaudited)                       |   |
| Assets                                                            |   |                           |     |  (as                  adjusted)    |   |
| Current                  assets:                                  |   |                           |     |                               |   |
| Cash                  and cash equivalents                        |   | $83,037                        |     | $                  80,932               |   |
| Accounts                  receivable, net of allowance            |   |                           |     |                                    |   |   |   |
| for                  doubtful receivables of $11,247              |   |                           |     |                                    |   |   |   |
| and                  $10,966, respectively                        |   |                           | 163,469  |                                    |   | 155,718 |   |
| Inventories                                                       |   |                           | 105,969  |                                    |   | 92,973 |   |
| Prepaid                  expenses                                 |   |                           | 10,942   |                                    |   | 14,108 |   |
| Deferred                  income taxes                            |   |                           | 14,752   |                                    |   | 16,629 |   |
| Total                  current assets                             |   |                           | 378,169  |                                    |   | 360,360 |   |
|                                                              |   |                           |     |                                    |   |   |   |
| Property,                  plant and equipment, net               |   |                           |     |                                    |   |   |   |
| of                  accumulated depreciation of                   |   |                           |     |                                    |   |   |   |
| $189,603                  and $184,499, respectively              |   |                           | 120,755  |                                    |   | 123,229 |   |
| Goodwill                                                          |   |                           | 243,961  |                                    |   | 242,935 |   |
| Intangibles,                  net of accumulated amortization     |   |                           |     |                                    |   |   |   |
| of                  $16,065 and $14,793, respectively             |   |                           | 41,990   |                                    |   | 40,916 |   |
| Deferred                  income taxes                            |   |                           | 37,279   |                                    |   | 37,667 |   |
| Other                  assets, net                                |   |                           | 15,081   |                                    |   | 14,820 |   |
| Total                  assets                                     |   | $                              | 837,235  |                                    | $      | 819,927 |   |
|                                                              |   |                           |     |                                    |   |   |   |
| Liabilities                  and shareholders’ equity       |   |                           |     |                                    |   |   |   |
| Current                  liabilities:                             |   |                           |     |                                    |   |   |   |
| Accounts                  payable                                 |   | $                              | 64,530   |                                    | $      | 60,202 |   |
| Dividends                  payable                                |   |                           | 1,846    |                                    |   | 1,836 |   |
| Accrued                  compensation                             |   |                           | 15,787   |                                    |   | 16,261 |   |
| Accrued                  interest                                 |   |                           | 6,044    |                                    |   | 12,784 |   |
| Accrued                  income taxes payable                     |   |                           | 11,246   |                                    |   | 11,461 |   |
| Short-term                  notes payable                         |   |                           | 2,163    |                                    |   | 498 |   |
| Current                  installments of long-term obligations    |   |                           | 229      |                                    |   | 232 |   |
| Other                  current liabilities                        |   |                           | 36,403   |                                    |   | 38,565 |   |
| Total                  current liabilities                        |   |                           | 138,248  |                                    |   | 141,839 |   |
|                                                              |   |                           |     |                                    |   |   |   |
| Long-term                  debt and capital lease obligations     |   |                           | 300,986  |                                    |   | 301,043 |   |
| Retirement                  benefits, less current portion        |   |                           | 22,544   |                                    |   | 22,343 |   |
| Deferred                  income taxes                            |   |                           | 12,067   |                                    |   | 11,489 |   |
| Other                  long-term liabilities                      |   |                           | 4,712    |                                    |   | 4,136 |   |
| Total                  liabilities                                |   |                           | 478,557  |                                    |   | 480,850 |   |
|                                                              |   |                           |     |                                    |   |   |   |
| Shareholders’                  equity                       |   |                           |     |                                    |   |   |   |
| Common                  stock, authorized 75,000,000              |   |                           |     |                                    |   |   |   |
| shares,                  issued 47,319,685 at March 31,           |   |                           |     |                                    |   |   |   |
| 2006,                  and 47,131,950 shares at December          |   |                           |     |                                    |   |   |   |
| 31,                  2005, at stated value of $1.00 per share     |   |                           | 47,320   |                                    |   | 47,132 |   |
| Additional                  paid-in capital                       |   |                           | 45,935   |                                    |   | 42,869 |   |
| Retained                  earnings                                |   |                           | 378,239  |                                    |   | 366,807 |   |
| Accumulated                  other comprehensive (loss) income    |   |                           | 1,838    |                                    |   | (3,051 | ) |
| Less                  – cost of common shares held in       |   |                           |     |                                    |   |   |   |
| treasury,                  16,545,831 at March 31,2006,           |   |                           |     |                                    |   |   |   |
| 16,546,763                  at December 31, 2005                  |   |                           | (114,654 | )                                       |   | (114,680 | ) |
| Total                  shareholders’ equity                 |   |                           | 358,678  |                                    |   | 339,077 |   |
| Total                  liabilities and shareholders’ equity |   | $                              | 837,235  |                                    | $      | 819,927 |   |
|                                                              |   |                           |     |                                    |   |   |   |

**MACDERMID,      INCORPORATED**

**CONSOLIDATED      STATEMENTS OF CASH FLOWS**

|                                                         |   | Three                months ended March 31, |    |
|--------------------------------------------------------------|--------|---------------------------------------------|---------|
|                                                         |   | 2006                                        |    | 2005 |   |
| Net                cash flows from operating activities:     |   |                                   |    |    |   |
| Net                earnings                                  |   | $                                           | 13,278  |   | $ | 11,785 |   |
| Adjustments                to reconcile earnings from        |   |                                        |    |   |   |   |   |
| continuing                operations to net cash provided by |   |                                        |    |   |   |   |   |
| operating                activities:                         |   |                                        |    |   |   |   |   |
| Depreciation                                                 |   |                                        | 4,897   |   |   | 3,846 |   |
| Amortization                                                 |   |                                        | 1,452   |   |   | 891 |   |
| Provision                for bad debts                       |   |                                        | 463     |   |   | 517 |   |
| Deferred                income taxes                         |   |                                        | 3,072   |   |   | 163 |   |
| Stock                compensation expense                    |   |                                        | 752     |   |   | 2,177 |   |
| Restructuring                                                |   |                                        | 1,482   |   |   | - |   |
| Changes                in assets and liabilities:            |   |                                        |    |   |   |   |   |
| (Increase)                in receivables                     |   |                                        | (6,792  | ) |   | (7,825 | ) |
| (Increase)                in inventories                     |   |                                        | (12,337 | ) |   | (5,547 | ) |
| Decrease                in prepaid expenses                  |   |                                        | 3,276   |   |   | 1,309 |   |
| Increase                in accounts payable                  |   |                                        | 3,642   |   |   | 3,167 |   |
| Decrease                in accrued expenses                  |   |                                        | (11,707 | ) |   | (10,541 | ) |
| (Decrease)                increase in income tax liabilities |   |                                        | (1,001  | ) |   | 196 |   |
| Other                                                        |   |                                        | 24      |   |   | 1,885 |   |
| Net                cash flows provided by                    |   |                                        |    |   |   |   |   |
| operating                activities                          |   |                                        | 501     |   |   | 2,023 |   |
|                                                         |   |                                        |    |   |   |   |   |
| Cash                flows from investing activities:         |   |                                        |    |   |   |   |   |
| Capital                expenditures                          |   |                                        | (1,562  | ) |   | (3,006 | ) |
| Proceeds                from disposition of fixed assets     |   |                                        | 79      |   |   | 16 |   |
| Other                                                        |   |                                        | 37      |   |   | - |   |
| Proceeds                from disposition of business         |   |                                        | -       |   |   | 263 |   |
| Net                cash flows used in investing activities   |   |                                        | (1,446  | ) |   | (2,727 | ) |
|                                                         |   |                                        |    |   |   |   |   |
| Cash                flows from financing activities:         |   |                                        |    |   |   |   |   |
| Net                short-term borrowings                     |   |                                        | 1,668   |   |   | 142 |   |
| Repayments                of long-term                       |   |                                        |    |   |   |   |   |
| borrowings                                                   |   |                                        | (97     | ) |   | (204 | ) |
| Issuance                from treasury shares                 |   |                                        | 26      |   |   | 33 |   |
| Proceeds                from exercise of stock options       |   |                                        | 2,501   |   |   | 17 |   |
| Dividends                paid                                |   |                                        | (1,836  | ) |   | (1,212 | ) |
| Net                cash flows provided by (used in)          |   |                                        |    |   |   |   |   |
| financing                activities                          |   |                                        | 2,262   |   |   | (1,224 | ) |
|                                                         |   |                                        |    |   |   |   |   |
| Effect                of exchange rate changes on cash       |   |                                        |    |   |   |   |   |
| and                cash equivalents                          |   |                                        | 788     |   |   | (2,160 | ) |
| Net                increase (decrease) in cash and cash      |   |                                        |    |   |   |   |   |
| equivalents                                                  |   |                                        | 2,105   |   |   | (4,088 | ) |
| Cash                and cash equivalents at beginning of     |   |                                        |    |   |   |   |   |
| period                                                       |   |                                        | 80,932  |   |   | 137,829 |   |
| Cash                and cash equivalents at end of period    |   | $                                           | 83,037  |   | $ | 133,741 |   |
|                                                         |   |                                        |    |   |   |   |   |
| Supplemental                disclosures of Cash Flow         |   |                                        |    |   |   |   |   |
| Information:                                                 |   |                                        |    |   |   |   |   |
| Cash                paid for interest                        |   | $                                           | 13,936  |   | $ | 14,226 |   |
| Cash                paid for income taxes                    |   | $                                           | 4,655   |   | $ | 5,085 |   |

| Balance                Sheet Item                     |   | December                31, 2005 balance, as reported |    | Adjustments |   |  December                31, 2005 balance, as adjusted |   |
|-------------------------------------------------------|--------|-------------------------------------------------------|---------|-------------|--------|-------------------------------------------------------------|--------|
| Goodwill                                              |   | $                                                     | 236,532 |        | $      | 6,403                                                       |   | $ | 242,935 |   |
| Intangibles,                net                       |   |                                                  | 40,128  |        |   | 788                                                         |   |   | 40,916 |   |
| Accumulated                Other Comprehensive Income |   |                                                  | (10,242 | )           |   | 7,191                                                       |   |   | (3,051 | ) |

|   Balance                Sheet Totals                 |   | December                31, 2005 balance, as reported |    |   Adjustments |   |  December                31, 2005 balance, as adjusted |   |
|-----------------------------------------------------------------|--------|-------------------------------------------------------|---------|-------------------------|--------|-------------------------------------------------------------|--------|
| Total                Assets                                     |   | $                                                     | 812,736 |                    | $      | 7,191                                                       |   | $ | 819,927 |   |
| Total                Shareholders’ Equity                 |   |                                                  | 331,886 |                    |   | 7,191                                                       |   |   | 339,077 |   |
| Total                Liabilities and Shareholders’ Equity |   |                                                  | 812,736 |                    |   | 7,191                                                       |   |   | 819,927 |   |

| Current                assets, net of cash |   |   |    |
|--------------------------------------------|--------|--------|---------|
| acquired                                   |   | $      | 30,673  |   |
| Fixed                assets and other      |   |   | 22,912  |   |
| Intangible                assets           |   |   | 15,794  |   |
| Acquired                in-process         |   |   |    |   |
| research                and development    |   |   | 386     |   |
| Goodwill                                   |   |   | 40,978  |   |
| Total                assets acquired       |   |   | 110,743 |   |
| Current                liabilities         |   |   | (11,898 | ) |
| Long-term                debt              |   |   | (376    | ) |
| Deferred                tax liability      |   |   | (6,037  | ) |
| Total                liabilities assumed   |   |   | (18,311 | ) |
| Net                assets acquired         |   | $      | 92,432  |   |

|                                              |   | Three                  months Ended March 31, |
|---------------------------------------------------|--------|-----------------------------------------------|
|                                              |   | 2006                                          |   | 2005 |   |
| Basic                  common shares              |   |                                          | 30,658,391 |   |   | 30,293,269 |   |
| Dilutive                  effect of stock options |   |                                          | 406,800 |   |   | 516,351 |   |
| Diluted                  common shares            |   |                                          | 31,065,191 |   |   | 30,809,620 |   |
|                                              |   |                                          |   |   |   |   |   |

|                                           |   | Three                  months Ended March 31,    |
|------------------------------------------------|--------|-----------------------------------------------------------------|
|                                           |   | 2006                                                       |   | 2005  |   |
| Volatility                                     |   |                                                            | 32.0 | % |   | 31.9 | % |
| Risk-free                  interest rate       |   |                                                            | 5.0 | % |   | 1.6 | % |
| Dividend                  yield                |   |                                                            | 0.8 | % |   | 49.0 | % |
| Expected                  lives (years)        |   |                                                            | 8.5 |   |   | 6.0 |   |
| Fair                  value per option granted |   | $                                                               | 13.45 |   | $ | 11.07 |   |
|                                           |   |                                                            |   |   |   |   |   |

| ·   | increase                the aggregate maximum number of shares that may be granted in any                one year                from 50,000 to 150,000; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | allow                the Compensation Committee to place additional restrictions and/or                vesting                requirements on any award; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | shorten                the vesting term from four to three years; |
|--------------------|-------------------------------------------------------------------|

| ·   | increase                the retirement age for accelerated vesting from 60 to 65,                and |
|--------------------|------------------------------------------------------------------------------------------------------|

| ·   | change                the pro-rata vesting to one-third per year over the three year vesting                period in case of involuntary termination without cause. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Equity                Incentive Plan:                 |   | Shares |   | Weighted                Average Grant Date Fair Value |   |
|-------------------------------------------------------|--------|--------|--------|-------------------------------------------------------|--------|
| Nonvested                balance at December 31, 2005 |   |   | 11,163 |                                                  | $      | 28.67 |   |
| Changes                during the period:             |   |   |   |                                                  |   |   |   |
| Shares                granted                         |   |   | 76,665 |                                                  | $      | 31.02 |   |
| Shares                vested                          |   |   | -      |                                                  |   |   |   |
| Shares                forfeited                       |   |   | -      |                                                  |   |   |   |
| Nonvested                balance at March 31, 2006    |   |   | 87,828 |                                                  | $      | 30.72 |   |

| ·   | The                option price is variable, either up or down, based upon the market                price                at date of grant, adjusted for MacDermid’s stock price performance in                comparison to the Standard and Poor’s Specialty Chemicals Index during the                six years following the date of grant. The options initially had                exercise                prices ranging from $16.75 to $38.65 per share; the exercise prices                of                these options as of March 31, 2006, now range from $19.72 to $38.65                per                share based on Company stock price performance. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The                number of options exercisable is variable, either up or down, based                upon a                multiple either (a) determined by the cumulative percentage of owner                earnings growth (defined as cash flow from operations less net capital                expenditures), or (b) determined using earnings per share growth                during                the four year vesting period, based on targets set at the time of                grant.                The multiple can range from 50% to 200% of the original shares issued. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Fixed                Option Plan:             |   |   Outstanding                Options |      | Aggregate                Intrinsic Value |   | Weighted                Average Exercise Price Per Share |   | Weighted                Average Remaining Contractual Term |   |
|-----------------------------------------------|--------|------------------------------------------------|-----------|------------------------------------------|--------|----------------------------------------------------------|--------|------------------------------------------------------------|--------|
| Outstanding,                December 31, 2005 |   |                                           | 1,047,435 |                                     |   |                                                     |   | $                                                          | 36.81  |   |   | 4.2 |   |
| Granted                                       |   |                                           | 195,206   |                                     |   |                                                     |   | $                                                          | 30.47  |   |   |   |   |
| Exercised                                     |   |                                           | (29,685   | )                                        |   |                                                     |   | $                                                          | 16.47  |   |   |   |   |
| Forfeited                                     |   |                                           | (60,300   | )                                        |   |                                                     |   | $                                                          | 39.94  |   |   |   |   |
| Outstanding,                March 31, 2006    |   |                                           | 1,152,656 |                                     | $      | -                                                        |   | $                                                          | 36.08  |   |   | 4.8 |   |
| Exercisable,                March 31, 2006    |   |                                           | 918,025   |                                     | $      | -                                                        |   | $                                                          | 37.62  |   |   | 3.7 |   |

| Indexed                Option Plan:           |   | Shares                Available for Grant |      |  Outstanding                Options |   | Aggregate                Intrinsic Value |   | Weighted                Average Exercise Price Per Share |   | Weighted                Average Remaining Contractual Term |   |
|-----------------------------------------------|--------|-------------------------------------------|-----------|------------------------------------------|--------|------------------------------------------|--------|----------------------------------------------------------|--------|------------------------------------------------------------|--------|
| Outstanding,                December 31, 2005 |   |                                      | 1,409,111 |                                     |   | 3,524,889                                |   |                                                     |   |                                                       | $      | 25.41 |   |   | 6.8 |   |
| Granted                                       |   |                                      | -         |                                     |   | -                                        |   |                                                     |   |                                                       |   |   |   |   |   |   |
| Exercised                                     |   |                                      | -         |                                     |   | (93,500                                  | )      |                                                     |   |                                                       | $      | 22.57 |   |   |   |   |
| Forfeited                                     |   |                                      | 28,000    |                                     |   | (28,000                                  | )      |                                                     |   |                                                       | $      | 30.79 |   |   |   |   |
| Index                effect                   |   |                                      | 295,237   |                                     |   | (295,237                                 | )      |                                                     |   |                                                       | $      | 12.37 |   |   |   |   |
| Outstanding,                March 31, 2006    |   |                                      | 1,732,348 |                                     |   | 3,108,152                                |   | $                                                        | 9,666  |                                                       | $      | 26.70 |   |   | 6.7 |   |
| Exercisable,                March 31, 2006    |   |                                      | -    |                                     |   | 1,398,527                                |   | $                                                        | 9,944  |                                                       | $      | 22.70 |   |   | 5.4 |   |

|       |   | **As                      of March 31, 2006** |   |
|------------|--------|-----------------------------------------------|--------|
|       |   |                                          |   | Gross                      Carrying |   | Accumulated |   | Net |   |
|       |   |                                          |   | Amount |   | Amortization |   | Amount |   |
| Patents    |   |                                          |   | $ | 17,920 |   | $ | (9,581 | )  | $ | 8,339 |   |
| Trademarks |   |                                          |   |   | 20,487 |   |   | (3,278 | ) |   | 17,209 |   |
| Others     |   |                                          |   |   | 19,648 |   |   | (3,206 | ) |   | 16,442 |   |
| Total      |   |                                          |   | $ | 58,055 |   | $ | (16,065 | ) | $ | 41,990 |   |
|       |   |                                          |   |   |  |   |   |  |   |   |  |   |

|       | **As                        of December 31, 2005** |   |
|------------|----------------------------------------------------|--------|
|       |                                               |   | As                        Reported Gross Carrying |   | Foreign                        Currency |   | Accumulated |   | As                        Adjusted Net |   |
|       |                                               |   | Amount |   | Adjustments |   | Amortization |   | Amount |   |
| Patents    |                                               |   | $ | 17,573 |   | $ | 252 |   | $ | (9,276 | )  | $ | 8,549 |   |
| Trademarks |                                                    |   |   | 19,908 |   |   | 536 |   |   | (2,671 | ) |   | 17,773 |   |
| Others     |                                                    |   |   | 17,440 |   |   | - |   |   | (2,846 | ) |   | 14,594 |   |
| Total      |                                               |   | $ | 54,921 |   | $ | 788 |   | $ | (14,793 | ) | $ | 40,916 |   |
|       |                                                    |   |   |  |   |   |  |   |   |  |   |   |  |   |

|  Reportable                    Segment   | As                    reported balance at December 31, 2005 |    |  Foreign                    Currency Adjustments |   | As                    Adjusted Balance at December 31, 2005 |   | Acquisitions                    and Purchase Accounting Adjustments |    | Q1                    2006 Currency Translation Adjustments |   |   Balance                    at March 31, 2006 |   |
|-----------------------------------------------|-------------------------------------------------------------|---------|-------------------------------------------------------|--------|-------------------------------------------------------------|--------|---------------------------------------------------------------------|---------|-------------------------------------------------------------|--------|----------------------------------------------------------|--------|
|                                               |
|                                               |
| Advanced                    Surface Finishing | $                                                           | 155,953 |                                                  | $      | 2,685                                                       |   | $                                                                   | 158,638 |                                                        | $      | (1,274                                                   | )      | $ | 2,120 |   | $ | 159,484 |   |
| Printing                    Solutions         |                                                        | 80,579  |                                                  |   | 3,718                                                       |   |                                                                | 84,297  |                                                        |   | (31                                                      | )      |   | 211 |   |   | 84,477 |   |
| Total                                         | $                                                           | 236,532 |                                                  | $      | 6,403                                                       |   | $                                                                   | 242,935 |                                                        | $      | (1,305                                                   | )      | $ | 2,331 |   | $ | 243,961 |   |

|                                                       | Three                    months Ended March 31, |
|------------------------------------------------------------|-------------------------------------------------|
|                                                       |                                            | 2006 |   | 2005                    (As                    Adjusted) |
| Net                    earnings                            | $                                               | 13,278 | $ | 11,785 |
| Other                    comprehensive income:             |                                            |   |   |   |
| Foreign                    currency translation adjustment |                                            | 4,958 |   | (9,598) |
|                                                       |                                            |   |   |   |
| Other                                                      |                                            | (69) |   | 164 |
| Comprehensive                    income                    | $                                               | 18,167 | $ | 2,351 |

|                                              |   | Three                months Ended March 31, |    |
|---------------------------------------------------|--------|---------------------------------------------|---------|
|                                              |   |  2006                                  |    |  2005 |   |
| Results                of operations by segment:  |   |                                        |    |   |   |   |   |
| Net                sales:                         |   |                                        |    |   |   |   |   |
| Advanced                Surface Finishing         |   |                                        |    |   |   |   |   |
| Total                segment net sales            |   | $                                           | 119,048 |   | $ | 101,308 |   |
| Intersegment                sales                 |   |                                        | (1,888  | ) |   | (2,167 | ) |
| Net                external sales for the segment |   |                                        | 117,160 |   |   | 99,141 |   |
|                                              |   |                                        |    |   |   |   |   |
| Printing                Solutions                 |   |                                        | 83,198  |   |   | 71,106 |   |
| Consolidated                net sales             |   | $                                           | 200,358 |   | $ | 170,247 |   |
|                                              |   |                                        |    |   |   |   |   |
| Operating                profit :                 |   |                                        |    |   |   |   |   |
| Advanced                Surface Finishing         |   | $                                           | 14,754  |   | $ | 14,135 |   |
| Printing                Solutions                 |   |                                        | 9,690   |   |   | 10,316 |   |
|                                              |   |                                        |    |   |   |   |   |
| Consolidated                operating profit      |   | $                                           | 24,444  |   | $ | 24,451 |   |

|                                           |   | As                of     |     |
|------------------------------------------------|--------|--------------------------|----------|
|                                           |   | March                31, |     |  December                31, |   |
|                                           |   | 2006                     |     |  2005                (As                Adjusted) |   |
| Identifiable                assets by segment: |   |                     |     |   |   |   |   |
| Advanced                Surface Finishing      |   | $                        | 546,922  |   | $ | 550,364 |   |
| Printing                Solutions              |   |                     | 321,588  |   |   | 316,050 |   |
| Unallocated                corporate assets    |   |                     | 108,164  |   |   | 95,430 |   |
| Intercompany                eliminations       |   |                     | (139,439 | ) |   | (141,917 | ) |
| Consolidated                assets             |   | $                        | 837,235  |   | $ | 819,927 |   |

|                                      |   |  March                31, 2006 |    |  December                31, 2005 |   |
|-------------------------------------------|--------|-------------------------------------|---------|----------------------------------------|--------|
|                                      |   |                           |    |                              |   |
| Finished                goods             |   | $                                   | 63,772  |                                   | $      | 51,820 |   |
| Raw                materials and supplies |   |                                | 35,909  |                                   |   | 35,679 |   |
| Equipment                                 |   |                                | 6,288   |                                   |   | 5,474 |   |
| Inventories,                net           |   | $                                   | 105,969 |                                   | $      | 92,973 |   |

|                                               |   | Three                months Ended March 31, |   |
|----------------------------------------------------|--------|---------------------------------------------|--------|
|                                               |   |  2006                                  |   | 2005 |   |
|                                               |   |  Domestic                              |   | Foreign |   |  Domestic |   | Foreign |   |
| Net                periodic benefit cost:          |   |                                   |   |   |   |    |   |   |   |
| Service                costs                       |   | $                                           | 1,123  |   | $ | - |   | $ | 936 |   | $ | 144 |   |
| Interest                costs                      |   |                                        | 1,077  |   |   | 749 |   |   | 898 |   |   | 815 |   |
| Expected                return on plan assets      |   |                                        | (958   | ) |   | (859 | ) |   | (798 | ) |   | (807 | ) |
| Amortization                of prior service costs |   |                                        | 7      |   |   | - |   |   | 6 |   |   | - |   |
| Recognized                actuarial (gain)/loss    |   |                                        | 100    |   |   | 249 |   |   | 83 |   |   | 286 |   |
| Net                periodic benefit cost           |   | $                                           | 1,349  |   | $ | 139 |   | $ | 1,125 |   | $ | 438 |   |

| ·   | MacDermid                is named as a potentially responsible party (“PRP”) at two Superfund sites                (Fike-Artel in Nitro, West Virginia, and Solvents Recovery in Southington,                Connecticut), in which many other PRPs are also involved. With respect                to                both of these sites, the Company has entered into cost sharing agreements                that result in costs of less than $10 per year for funding MacDermid’s                share of the ongoing cleanup costs at each site. No reserve has been                established, given the deminimus nature of the costs. The Company’s cost                sharing percentage at each site is 0.2%. On October 31, 2005, the                Environmental Protection Agency (“EPA”) notified the Company of alleged                deminimus responsibility for certain contamination at the Mercury                Refining                Site in New York. MacDermid entered into a settlement agreement with                the                EPA to resolve this deminimus liability for a payment of $1. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Some                of the Company’s facilities have an extended history of chemical and                industrial activity. The Company is directly involved in the remediation                of sites that have environmental contamination arising from its                operations. These sites include certain sites such as the Kearny,                New                Jersey and Waukegan, Illinois sites, which were acquired in the December                1998 acquisition of W. Canning plc. With respect to the Kearny, New                Jersey                site, the Canning subsidiary withheld, under the Acquisition Agreement                (“the Acquisition Agreement”), a deferred purchase price payment of                approximately $1,600. Clean-up costs at these sites are estimated                to be                between $2,000 and $5,000. The owners of the Kearny, New Jersey site                have                primary responsibility for clean-up costs that exceed the deferred                purchase price. Investigations into the extent of contamination at                these                sites are, however, ongoing. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | MacDermid                is in the process of characterizing contamination at the Huntingdon                Avenue, Waterbury, Connecticut site, which was closed in the quarter                ended                September 30, 2003. The extent of required remediation activities                at the                Huntingdon Avenue site has not yet been determined; however, the                Company                does not anticipate that it will be materially affected by the                environmental remediation costs. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                               |                    | As                of March 31, 2006 |    |
|------------------------------------|-------------------------|-------------------------------------|---------|
|                               |                    |                                |    |   | Total |   | Total |   |
|                               | Balance,                |                                | Q1      |   |   |   |   |   |   |   | costs                and |   | expected |   |
|                               | December                |                                | 2006    |   | Goodwill |   | Cash |   | Non-cash |   | adjustments |   | costs                and |   |
|                               | 31,                2005 |                                | Charges |   | adjustments |   | payments |   | adjustments |   | Q1                2006 |   | adjustments |   |
| Printing                Solutions: |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |
| Equipment                          |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |
| relocation                         | $                       | 134                                 |    | $ | 78 |   | $ | - |   | $ | (9 | ) | $ | 1 |   | $ | 70 |   | $ | 204 |   |
| Asset                disposals     |                    | 18                                  |    |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 18 |   |
| Site                clean-up       |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs                              |                    | 45                                  |    |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 45 |   |
| Severance                and       |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| other                benefits      |                    | 1,739                               |    |   | 1,163 |   |   | 369 |   |   | (563 | ) |   | 35 |   |   | 1,004 |   |   | 2,743 |   |
| Legal                and other     |                    | 5                                   |    |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 5 |   |
| Total                Printing      |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Solutions                          | $                       | 1,941                               |    | $ | 1,241 |   | $ | 369 |   | $ | (572 | ) | $ | 36 |   | $ | 1,074 |   | $ | 3,015 |   |
|                               |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Advanced                Surface    |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Finishing:                         |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equipment                          |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| relocation                         | $                       | 36                                  |    | $ | 116 |   | $ | - |   | $ | - |   | $ | - |   | $ | 116 |   | $ | 152 |   |
| Asset                disposals     |                    | 12                                  |    |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 12 |   |
| Site                clean-up       |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs                              |                    | 30                                  |    |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 30 |   |
| Severance                and       |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| other                benefits      |                    | 791                                 |    |   | 125 |   |   | (135 | ) |   | (371 | ) |   | (274 | ) |   | (655 | ) |   | 136 |   |
| Total                Advanced      |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Surface                Finishing   | $                       | 869                                 |    | $ | 241 |   | $ | (135 | ) | $ | (371 | ) | $ | (274 | ) | $ | (539 | ) | $ | 330 |   |
| Total                restructuring |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| charges                            | $                       | 2,810                               |    | $ | 1,482 |   | $ | 234 |   | $ | (943 | ) | $ | (238 | ) | $ | 535 |   | $ | 3,345 |   |
| Other                acquisition   |                    |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| charges                            | $                       | 385                                 |    | $ | - |   | $ | - |   | $ | - |   | $ | - |   | $ | - |   | $ | 385 |   |
| Total                              | $                       | 3,195                               |    | $ | 1,482 |   | $ | 234 |   | $ | (943 | ) | $ | (238 | ) | $ | 535 |   | $ | 3,730 |   |

**CONDENSED      CONSOLIDATING STATEMENTS OF EARNINGS**

|                                          |   | Issuer  |   |   | Guarantor                  Subsidiaries |   |   | Nonguarantor                  Subsidiaries |   |   | Eliminations |   |   | MacDermid                  Incorporated                  and                  Subsidiaries |
|-----------------------------------------------|--------|---------|--------|--------|-----------------------------------------|--------|--------|--------------------------------------------|--------|--------|--------------|--------|--------|--------------------------------------------------------------------------------------------|
| Net                  sales                    | $      | 20,617  |   | $      | 62,778                                  |   | $      | 136,731                                    |   | $      | (19,768)     |   | $      | 200,358                                                                                    |
| Cost                  of sales                |   | 12,970  |   |   | 38,572                                  |   |   | 80,113                                     |   |   | (19,768)     |   |   | 111,887                                                                                    |
| Gross                  profit                 |   | 7,647   |   |   | 24,206                                  |   |   | 56,618                                     |   |   | —      |   |   | 88,471                                                                                     |
|                                          |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| Operating                  expenses:          |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| Selling,                  technical and       |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| administrative                                |   | 12,463  |   |   | 11,086                                  |   |   | 29,468                                     |   |   | —      |   |   | 53,017                                                                                     |
| Research                  and development     |   | 1,618   |   |   | 2,473                                   |   |   | 3,213                                      |   |   | —      |   |   | 7,304                                                                                      |
| Loss                  on Disposal             |   | — |   |   | —                                 |   |   | 2,224                                      |   |   | —      |   |   | 2,224                                                                                      |
| Restructuring                                 |   | 106     |   |   | 493                                     |   |   | 883                                        |   |   | —      |   |   | 1,482                                                                                      |
|                                          |   | 14,187  |   |   | 14,052                                  |   |   | 35,788                                     |   |   | —      |   |   | 64,027                                                                                     |
| Operating                  (loss) profit      |   | (6,540) |   |   | 10,154                                  |   |   | 20,830                                     |   |   | —      |   |   | 24,444                                                                                     |
|                                          |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| Equity                  in earnings of        |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| subsidiaries                                  |   | 20,891  |   |   | 14,428                                  |   |   | —                                    |   |   | (35,319)     |   |   | —                                                                                    |
| Interest                  income              |   | 721     |   |   | 36                                      |   |   | 93                                         |   |   | —      |   |   | 850                                                                                        |
| Interest                  expense             |   | (6,638) |   |   | 22                                      |   |   | (72)                                       |   |   | —      |   |   | (6,688)                                                                                    |
| Miscellaneous                  income         |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| (expense),                  net               |   | 154     |   |   | 34                                      |   |   | (555)                                      |   |   | —      |   |   | (367)                                                                                      |
|                                          |   | 15,128  |   |   | 14,520                                  |   |   | (534)                                      |   |   | (35,319)     |   |   | (6,205)                                                                                    |
|                                          |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| Earnings                  (loss) before taxes |   | 8,588   |   |   | 24,674                                  |   |   | 20,296                                     |   |   | (35,319)     |   |   | 18,239                                                                                     |
| Income                  tax benefit           |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| (expense)                                     |   | 4,690   |   |   | (3,783)                                 |   |   | (5,868)                                    |   |   | —      |   |   | (4,961)                                                                                    |
| Net                  earnings (loss)          | $      | 13,278  |   | $      | 20,891                                  |   | $      | 14,428                                     |   | $      | (35,319)     |   | $      | 13,278                                                                                     |

**CONDENSED      CONSOLIDATING STATEMENTS OF EARNINGS**

|                                          |   | Issuer  |   |   | Guarantor                  Subsidiaries |   |   | Nonguarantor                  Subsidiaries |   |   | Eliminations |   |   | MacDermid                  Incorporated                  and                  Subsidiaries |
|-----------------------------------------------|--------|---------|--------|--------|-----------------------------------------|--------|--------|--------------------------------------------|--------|--------|--------------|--------|--------|--------------------------------------------------------------------------------------------|
| Net                  sales                    | $      | 22,519  |   | $      | 45,004                                  |   | $      | 110,543                                    |   | $      | (7,819)      |   | $      | 170,247                                                                                    |
| Cost                  of sales                |   | 15,170  |   |   | 22,027                                  |   |   | 63,216                                     |   |   | (7,819)      |   |   | 92,594                                                                                     |
| Gross                  profit                 |   | 7,349   |   |   | 22,977                                  |   |   | 47,327                                     |   |   | —      |   |   | 77,653                                                                                     |
|                                          |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| Operating                  expenses:          |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| Selling,                  technical and       |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| administrative                                |   | 10,889  |   |   | 8,256                                   |   |   | 27,525                                     |   |   | —      |   |   | 46,670                                                                                     |
| Research                  and development     |   | 1,679   |   |   | 2,271                                   |   |   | 2,582                                      |   |   | —      |   |   | 6,532                                                                                      |
|                                          |   | 12,568  |   |   | 10,527                                  |   |   | 30,107                                     |   |   | —      |   |   | 53,202                                                                                     |
| Operating                  (loss) profit      |   | (5,219) |   |   | 12,450                                  |   |   | 17,220                                     |   |   |         |   |   | 24,451                                                                                     |
|                                          |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| Equity                  in earnings of        |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| subsidiaries                                  |   | 19,880  |   |   | 11,652                                  |   |   | —                                    |   |   | (31,532)     |   |   | —                                                                                    |
| Interest                  income              |   | 340     |   |   | 1                                       |   |   | 281                                        |   |   | —      |   |   | 622                                                                                        |
| Interest                  expense             |   | (7,570) |   |   | —                                 |   |   | (74)                                       |   |   | —      |   |   | (7,644)                                                                                    |
| Miscellaneous                  income         |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| (expense),                  net               |   | 154     |   |   | 262                                     |   |   | (386)                                      |   |   | —      |   |   | 30                                                                                         |
|                                          |   | 12,804  |   |   | 11,915                                  |   |   | (179)                                      |   |   | (31,532)     |   |   | (6,992)                                                                                    |
|                                          |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| Earnings                  (loss) before taxes |   | 7,585   |   |   | 24,365                                  |   |   | 17,041                                     |   |   | (31,532)     |   |   | 17,459                                                                                     |
| Income                  tax benefit           |   |    |   |   |                                    |   |   |                                       |   |   |         |   |   |                                                                                       |
| (expense)                                     |   | 4,200   |   |   | (4,485)                                 |   |   | (5,389)                                    |   |   | —      |   |   | (5,674)                                                                                    |
| Net                  earnings (loss)          | $      | 11,785  |   | $      | 19,880                                  |   | $      | 11,652                                     |   | $      | (31,532)     |   | $      | 11,785                                                                                     |

**CONDENSED      CONSOLIDATING BALANCE SHEETS**

|                                               |   | Issuer |    | Guarantor                  Subsidiaries |   | Nonguarantor                  Subsidiaries |   | Eliminations |     | MacDermid                  Incorporated                  and                  Subsidiaries |   |
|----------------------------------------------------|--------|--------|---------|-----------------------------------------|--------|--------------------------------------------|--------|--------------|----------|--------------------------------------------------------------------------------------------|--------|
| Assets                                             |   |   |    |                               |   |                                  |   |    |     |                                                                                  |   |
| Current                  assets:                   |   |   |    |                               |   |                                  |   |    |     |                                                                                  |   |
| Cash                  and cash equivalents         |   | $      | 42,414  |                                    | $      | 2,467                                      |   | $            | 38,156   |                                                                                       | $      | — |   | $ | 83,037 |   |
| Accounts                  receivables, net         |   |   | 12,459  |                                    |   | 20,551                                     |   |         | 130,459  |                                                                                       |   | — |   |   | 163,469 |   |
| Due                  (to) from affiliates          |   |   | 27,803  |                                    |   | 94,361                                     |   |         | (122,164 | )                                                                                          |   | — |   |   | — |   |
| Inventories,                  net                  |   |   | 7,864   |                                    |   | 34,409                                     |   |         | 63,696   |                                                                                       |   | — |   |   | 105,969 |   |
| Prepaid                  expenses                  |   |   | 2,099   |                                    |   | 1,650                                      |   |         | 7,193    |                                                                                       |   | — |   |   | 10,942 |   |
| Deferred                  income taxes             |   |   | 8,051   |                                    |   | 1,849                                      |   |         | 4,852    |                                                                                       |   | — |   |   | 14,752 |   |
| Total                  current assets              |   |   | 100,690 |                                    |   | 155,287                                    |   |         | 122,192  |                                                                                       |   | — |   |   | 378,169 |   |
|                                               |   |   |    |                                    |   |                                       |   |         |     |                                                                                       |   |   |   |   |   |   |
| Property,                  plant and               |   |   |    |                                    |   |                                       |   |         |     |                                                                                       |   |   |   |   |   |   |
| equipment,                  net                    |   |   | 11,908  |                                    |   | 32,315                                     |   |         | 76,532   |                                                                                       |   | — |   |   | 120,755 |   |
| Goodwill                                           |   |   | 51,525  |                                    |   | 79,112                                     |   |         | 113,324  |                                                                                       |   | — |   |   | 243,961 |   |
| Intangibles,                  net                  |   |   | — |                                    |   | 4,394                                      |   |         | 37,596   |                                                                                       |   | — |   |   | 41,990 |   |
| Investments                  in  subsidiaries |   |   | 513,142 |                                    |   | 257,161                                    |   |         | —  |                                                                                       |   | (770,303 | ) |   | — |   |
| Deferred                  income taxes             |   |   | 16,785  |                                    |   | 8,536                                      |   |         | 11,958   |                                                                                       |   | — |   |   | 37,279 |   |
| Other                  assets, net                 |   |   | 5,911   |                                    |   | 4,120                                      |   |         | 5,050    |                                                                                       |   | — |   |   | 15,081 |   |
|                                               |   | $      | 699,961 |                                    | $      | 540,925                                    |   | $            | 366,652  |                                                                                       | $      | (770,303 | ) | $ | 837,235 |   |
|                                               |   |   |    |                                    |   |                                       |   |         |     |                                                                                       |   |   |   |   |   |   |
|                                               |   |   |    |                                    |   |                                       |   |         |     |                                                                                       |   |   |   |   |   |   |
| Current                  liabilities:              |   |   |    |                                    |   |                                       |   |         |     |                                                                                       |   |   |   |   |   |   |
| Accounts                  and dividends            |   |   |    |                                    |   |                                       |   |         |     |                                                                                       |   |   |   |   |   |   |
| Payable                                            |   | $      | 8,919   |                                    | $      | 12,700                                     |   | $            | 44,757   |                                                                                       | $      | — |   | $ | 66,376 |   |
| Accrued                  compensation              |   |   | 1,781   |                                    |   | 2,292                                      |   |         | 11,714   |                                                                                       |   | — |   |   | 15,787 |   |
| Accrued                  interest                  |   |   | 5,812   |                                    |   | 129                                        |   |         | 103      |                                                                                       |   | — |   |   | 6,044 |   |
| Accrued                  income taxes              |   |   |    |                                    |   |                                       |   |         |     |                                                                                       |   |   |   |   |   |   |
| payable                                            |   |   | (907    | )                                       |   | 5,952                                      |   |         | 6,201    |                                                                                       |   | — |   |   | 11,246 |   |
| Other                  current liabilities         |   |   | 16,081  |                                    |   | 6,187                                      |   |         | 16,527   |                                                                                       |   | — |   |   | 38,795 |   |
| Total                  current liabilities         |   |   | 31,686  |                                    |   | 27,260                                     |   |         | 79,302   |                                                                                       |   | — |   |   | 138,248 |   |
|                                               |   |   |    |                                    |   |                                       |   |         |     |                                                                                       |   |   |   |   |   |   |
| Long-term                  obligations             |   |   | 300,550 |                                    |   | 271                                        |   |         | 165      |                                                                                       |   | — |   |   | 300,986 |   |
| Retirement                  benefits, less         |   |   |    |                                    |   |                                       |   |         |     |                                                                                       |   |   |   |   |   |   |
| Current                  portion                   |   |   | 5,192   |                                    |   | —                                    |   |         | 17,352   |                                                                                       |   | — |   |   | 22,544 |   |
| Deferred                  income taxes             |   |   | — |                                    |   | —                                    |   |         | 12,067   |                                                                                       |   | — |   |   | 12,067 |   |
| Other                  long-term liabilities       |   |   | 3,855   |                                    |   | 252                                        |   |         | 605      |                                                                                       |   | — |   |   | 4,712 |   |
| Total                  liabilities                 |   |   | 341,283 |                                    |   | 27,783                                     |   |         | 109,491  |                                                                                       |   | — |   |   | 478,557 |   |
|                                               |   |   |    |                                    |   |                                       |   |         |     |                                                                                       |   |   |   |   |   |   |
| Total                  shareholders' equity        |   |   | 358,678 |                                    |   | 513,142                                    |   |         | 257,161  |                                                                                       |   | (770,303 | ) |   | 358,678 |   |
| Total                  Liabilities and             |   |   |    |                                    |   |                                       |   |         |     |                                                                                       |   |   |   |   |   |   |
| Shareholders'                  Equity              |   | $      | 699,961 |                                    | $      | 540,925                                    |   | $            | 366,652  |                                                                                       | $      | (770,303 | ) | $ | 837,235 |   |

**CONDENSED      CONSOLIDATING BALANCE SHEETS**

|                                       |   | Issuer |    | Guarantor                Subsidiaries |   | Nonguarantor                Subsidiaries |   | Eliminations |     | MacDermid                Incorporated                and                Subsidiaries |   |
|--------------------------------------------|--------|--------|---------|---------------------------------------|--------|------------------------------------------|--------|--------------|----------|--------------------------------------------------------------------------------------|--------|
| Assets                                     |   |   |    |                             |   |                                |   |    |     |                                                                            |   |
| Current                assets:             |   |   |    |                             |   |                                |   |    |     |                                                                            |   |
| Cash                and cash equivalents   |   | $      | 46,925  |                                  | $      | 3,131                                    |   | $            | 30,876   |                                                                                 | $      | — |   | $ | 80,932 |   |
| Accounts                receivables, net   |   |   | 10,811  |                                  |   | 22,799                                   |   |         | 122,108  |                                                                                 |   | — |   |   | 155,718 |   |
| Due                (to) from affiliates    |   |   | 23,496  |                                  |   | 94,217                                   |   |         | (117,713 | )                                                                                    |   | — |   |   | — |   |
| Inventories,                net            |   |   | 5,994   |                                  |   | 27,606                                   |   |         | 59,373   |                                                                                 |   | — |   |   | 92,973 |   |
| Prepaid                expenses            |   |   | 3,122   |                                  |   | 1,749                                    |   |         | 9,237    |                                                                                 |   | — |   |   | 14,108 |   |
| Deferred                income taxes       |   |   | 11,372  |                                  |   | —                                  |   |         | 5,257    |                                                                                 |   | — |   |   | 16,629 |   |
| Total                current assets        |   |   | 101,720 |                                  |   | 149,502                                  |   |         | 109,138  |                                                                                 |   | — |   |   | 360,360 |   |
|                                       |   |   |    |                                  |   |                                     |   |         |     |                                                                                 |   |   |   |   |   |   |
| Property,                plant and         |   |   |    |                                  |   |                                     |   |         |     |                                                                                 |   |   |   |   |   |   |
| equipment,                net              |   |   | 16,362  |                                  |   | 28,924                                   |   |         | 77,943   |                                                                                 |   | — |   |   | 123,229 |   |
| Goodwill                                   |   |   | 51,760  |                                  |   | 79,112                                   |   |         | 112,063  |                                                                                 |   | — |   |   | 242,935 |   |
| Intangibles,                net            |   |   | — |                                  |   | 4,880                                    |   |         | 36,036   |                                                                                 |   | — |   |   | 40,916 |   |
| Investments                in subsidiaries |   |   | 484,326 |                                  |   | 245,050                                  |   |         | —  |                                                                                 |   | (729,376 | ) |   | — |   |
| Deferred                income taxes       |   |   | 25,550  |                                  |   | —                                  |   |         | 12,117   |                                                                                 |   | — |   |   | 37,667 |   |
| Other                assets, net           |   |   | 6,222   |                                  |   | 3,866                                    |   |         | 4,732    |                                                                                 |   | — |   |   | 14,820 |   |
|                                       |   | $      | 685,940 |                                  | $      | 511,334                                  |   | $            | 352,029  |                                                                                 | $      | (729,376 | ) | $ | 819,927 |   |
|                                       |   |   |    |                                  |   |                                     |   |         |     |                                                                                 |   |   |   |   |   |   |
|                                       |   |   |    |                                  |   |                                     |   |         |     |                                                                                 |   |   |   |   |   |   |
| Current                liabilities:        |   |   |    |                                  |   |                                     |   |         |     |                                                                                 |   |   |   |   |   |   |
| Accounts                and dividends      |   |   |    |                                  |   |                                     |   |         |     |                                                                                 |   |   |   |   |   |   |
| Payable                                    |   | $      | 9,122   |                                  | $      | 9,950                                    |   | $            | 42,966   |                                                                                 | $      | — |   | $ | 62,038 |   |
| Accrued                compensation        |   |   | 2,118   |                                  |   | 3,248                                    |   |         | 10,895   |                                                                                 |   | — |   |   | 16,261 |   |
| Accrued                interest            |   |   | 12,654  |                                  |   | 24                                       |   |         | 106      |                                                                                 |   | — |   |   | 12,784 |   |
| Accrued                income taxes        |   |   |    |                                  |   |                                     |   |         |     |                                                                                 |   |   |   |   |   |   |
| payable                                    |   |   | (2,350  | )                                     |   | 7,622                                    |   |         | 6,189    |                                                                                 |   | — |   |   | 11,461 |   |
| Other                current liabilities   |   |   | 16,465  |                                  |   | 5,643                                    |   |         | 17,187   |                                                                                 |   | — |   |   | 39,295 |   |
| Total                current liabilities   |   |   | 38,009  |                                  |   | 26,487                                   |   |         | 77,343   |                                                                                 |   | — |   |   | 141,839 |   |
|                                       |   |   |    |                                  |   |                                     |   |         |     |                                                                                 |   |   |   |   |   |   |
| Long-term                obligations       |   |   | 300,516 |                                  |   | 271                                      |   |         | 256      |                                                                                 |   | — |   |   | 301,043 |   |
| Retirement                benefits, less   |   |   |    |                                  |   |                                     |   |         |     |                                                                                 |   |   |   |   |   |   |
| Current                portion             |   |   | 5,066   |                                  |   | —                                  |   |         | 17,277   |                                                                                 |   | — |   |   | 22,343 |   |
| Deferred                income taxes       |   |   | — |                                  |   | —                                  |   |         | 11,489   |                                                                                 |   | — |   |   | 11,489 |   |
| Other                long-term liabilities |   |   | 3,271   |                                  |   | 250                                      |   |         | 615      |                                                                                 |   | — |   |   | 4,136 |   |
| Total                liabilities           |   |   | 346,862 |                                  |   | 27,008                                   |   |         | 106,980  |                                                                                 |   | — |   |   | 480,850 |   |
|                                       |   |   |    |                                  |   |                                     |   |         |     |                                                                                 |   |   |   |   |   |   |
| Total                shareholders' equity  |   |   | 339,078 |                                  |   | 484,326                                  |   |         | 245,049  |                                                                                 |   | (729,376 | ) |   | 339,077 |   |
| Total                Liabilities and       |   |   |    |                                  |   |                                     |   |         |     |                                                                                 |   |   |   |   |   |   |
| Shareholders'                Equity        |   | $      | 685,940 |                                  | $      | 511,334                                  |   | $            | 352,029  |                                                                                 | $      | (729,376 | ) | $ | 819,927 |   |

**CONDENSED      CONSOLIDATING STATEMENTS OF CASH FLOWS**

|                                              |   | Issuer |    |  Guarantor                    Subsidiaries |   |  Nonguarantor                    Subsidiaries |   |  MacDermid                    Incorporated                    and                    Subsidiaries |    |
|---------------------------------------------------|--------|--------|---------|-------------------------------------------------|--------|----------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------|---------|
| Net                    cash flows (used in)       |   |   |    |                                       |   |                                          |   |                                                                                              |    |
| provided                    by operating          |   |   |    |                                       |   |                                          |   |                                                                                              |    |
| activities                                        |   | $      | (5,301  | )                                               | $      | 1,697                                              |   | $                                                                                                      | 4,105   |   |   | 501 |   |
|                                              |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| Investing                    activities:          |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| Capital                    expenditures           |   |   | (140    | )                                               |   | (2,215                                             | )      |                                                                                                   | 793     |   |   | (1,562 | ) |
| Proceeds                    from disposition of   |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| fixed                    assets                   |   |   | — |                                            |   | —                                            |   |                                                                                                   | 79      |   |   | 79 |   |
| Other                                             |   |   | 234     |                                            |   | (145                                               | )      |                                                                                                   | (52     | ) |   | 37 |   |
| Net                    cash flows (used in)       |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| provided                    by investing          |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| activities                                        |   |   | 94      |                                            |   | (2,360                                             | )      |                                                                                                   | 820     |   |   | (1,446 | ) |
|                                              |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| Financing                    activities:          |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| Net                    proceeds from              |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| short-term                                        |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| borrowings                                        |   |   | — |                                            |   | —                                            |   |                                                                                                   | 1,668   |   |   | 1,668 |   |
| Repayments                    of long-term        |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| borrowings                                        |   |   | — |                                            |   | —                                            |   |                                                                                                   | (97     | ) |   | (97 | ) |
| Issuance                    of treasury shares    |   |   | 26      |                                            |   |                                               |   |                                                                                                   |    |   |   | 26 |   |
| Proceeds                    from exercise of      |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| stock                    options                  |   |   | 2,501   |                                            |   | —                                            |   |                                                                                                   | — |   |   | 2,501 |   |
| Dividends                    paid                 |   |   | (1,836  | )                                               |   | —                                            |   |                                                                                                   | — |   |   | (1,836 | ) |
| Net                    cash flows provided by     |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| (used                    in) financing activities |   |   | 691     |                                            |   | —                                            |   |                                                                                                   | 1,571   |   |   | 2,262 |   |
|                                              |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| Effect                    of exchange rate        |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| Changes                    on cash and cash       |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| equivalents                                       |   |   | — |                                            |   | —                                            |   |                                                                                                   | 788     |   |   | 788 |   |
|                                              |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| Net                    increase (decrease) in     |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| cash                    and cash equivalents      |   |   | (4,516  | )                                               |   | (663                                               | )      |                                                                                                   | 7,284   |   |   | 2,105 |   |
|                                              |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| Cash                    and cash equivalents at   |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| beginning                    of period            |   |   | 46,925  |                                            |   | 3,131                                              |   |                                                                                                   | 30,876  |   |   | 80,932 |   |
|                                              |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| Cash                    and cash equivalents at   |   |   |    |                                            |   |                                               |   |                                                                                                   |    |   |   |   |   |
| end                    of period                  |   | $      | 42,409  |                                            | $      | 2,468                                              |   | $                                                                                                      | 38,160  |   | $ | 83,037 |   |

**CONDENSED      CONSOLIDATING STATEMENTS OF CASH FLOWS**

|                                            |   | Issuer |    |  Guarantor                  Subsidiaries |   |  Nonguarantor                  Subsidiaries |   |  MacDermid                  Incorporated                  and                  Subsidiaries |    |
|-------------------------------------------------|--------|--------|---------|-----------------------------------------------|--------|--------------------------------------------------|--------|--------------------------------------------------------------------------------------------------|---------|
| Net                  cash flows (used in)       |   |   |    |                                     |   |                                        |   |                                                                                        |    |
| provided                  by operating          |   |   |    |                                     |   |                                        |   |                                                                                        |    |
| activities                                      |   | $      | (17,337 | )                                             | $      | 7,467                                            |   | $                                                                                                | 11,893  |   | $ | 2,023 |   |
|                                            |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| Investing                  activities:          |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| Capital                  expenditures           |   |   | (696    | )                                             |   | (485                                             | )      |                                                                                             | (1,825  | ) |   | (3,006 | ) |
| Proceeds                  from disposition of   |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| fixed                  assets and business      |   |   | — |                                          |   | —                                          |   |                                                                                             | 279     |   |   | 279 |   |
| Net                  cash flows (used in)       |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| provided                  by investing          |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| activities                                      |   |   | (696    | )                                             |   | (485                                             | )      |                                                                                             | (1,546  | ) |   | (2,727 | ) |
|                                            |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| Financing                  activities:          |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| Net                  proceeds from              |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| (repayments                  of) short-term     |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| borrowings                                      |   |   | 8,822   |                                          |   | (8,067                                           | )      |                                                                                             | (613    | ) |   | 142 |   |
| Repayments                  of long-term        |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| borrowings                                      |   |   | — |                                          |   | (57                                              | )      |                                                                                             | (147    | ) |   | (204 | ) |
| Issuance                  of treasury shares    |   |   | 33      |                                          |   | —                                          |   |                                                                                             | — |   |   | 33 |   |
| Proceeds                  from exercise of      |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| stock                  options                  |   |   | 17      |                                          |   | —                                          |   |                                                                                             | — |   |   | 17 |   |
| Dividends                  paid                 |   |   | 6,103   |                                          |   | 1,239                                            |   |                                                                                             | (8,554  | ) |   | (1,212 | ) |
| Net                  cash flows provided by     |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| (used                  in) financing activities |   |   | 14,975  |                                          |   | (6,885                                           | )      |                                                                                             | (9,314  | ) |   | (1,224 | ) |
|                                            |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| Effect                  of exchange rate        |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| Changes                  on cash and cash       |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| equivalents                                     |   |   | — |                                          |   | —                                          |   |                                                                                             | (2,160  | ) |   | (2,160 | ) |
|                                            |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| Net                  increase (decrease) in     |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| cash                  and cash equivalents      |   |   | (3,058  | )                                             |   | 97                                               |   |                                                                                             | (1,127  | ) |   | (4,088 | ) |
|                                            |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| Cash                  and cash equivalents at   |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| beginning                  of period            |   |   | 69,512  |                                          |   | 688                                              |   |                                                                                             | 67,629  |   |   | 137,829 |   |
|                                            |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| Cash                  and cash equivalents at   |   |   |    |                                          |   |                                             |   |                                                                                             |    |   |   |   |   |
| end                  of period                  |   | $      | 66,454  |                                          | $      | 785                                              |   | $                                                                                                | 66,502  |   | $ | 133,741 |   |

ITEM        2:

| ·   | utilizing                our technical service and outstanding products to penetrate global                markets                for all products, |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | supporting                working capital initiatives focused on maximizing cash flows during                a                period of continued economic uncertainty in our primary                markets, |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | emphasizing                efficiency improvements throughout the                organization, |
|--------------------|------------------------------------------------------------------------------------------------|
| ·   | adding                new products through internal research and development, relying heavily                on                our internal knowledge base, |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | strengthening                the common identity of our products through a new branding initiative                called "Yes We Can!", and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | strategic                acquisitions of companies, products, or                technologies. |
|--------------------|-----------------------------------------------------------------------------------------------|

|                                            |   | Three                  months Ended |   |   |    |   |
|-------------------------------------------------|--------|-------------------------------------|--------|--------|---------|--------|
|                                            |   | March                  31,          |   |   |    |   |
|                                            |   | 2006                                |   |   | 2005    |   |   | %Change |   |
|                                            |   |                                |   |   |    |   |   | Favorable                  (Unfavorable) |
| Net                  sales                      | $      | 200,358                             |   | $      | 170,247 |   |   | 17.7% |   |
| Cost                  of sales                  |   | 111,887                             |   |   | 92,594  |   |   | (20.8%) |   |
| Gross                  profit                   |   | 88,471                              |   |   | 77,653  |   |   | 13.9% |   |
|                                            |   |                                |   |   |    |   |   |   |   |
| Gross                  profit percentage        |   | 44.2%                               |   |   | 45.6%   |   |   | ** |   |
|                                            |   |                                |   |   |    |   |   |   |   |
| Operating                  expenses             |   | 64,027                              |   |   | 53,202  |   |   | (20.3%) |   |
|                                            |   |                                |   |   |    |   |   |   |   |
| Operating                  profit               |   | 24,444                              |   |   | 24,451  |   |   | ** |   |
|                                            |   |                                |   |   |    |   |   |   |   |
| Interest                  income (expense), net |   | (5,838)                             |   |   | (7,022) |   |   | 16.9% |   |
| Other                  (expense) income, net    |   | (367)                               |   |   | 30      |   |   | ** |   |
|                                            |   | (6,205)                             |   |   | (6,992) |   |   | 11.3% |   |
|                                            |   |                                |   |   |    |   |   |   |   |
| Earnings                  before income taxes   |   | 18,239                              |   |   | 17,459  |   |   | 4.5% |   |
| Income                  taxes                   |   | (4,961)                             |   |   | (5,674) |   |   | 12.6% |   |
| Net                  earnings                   | $      | 13,278                              |   | $      | 11,785  |   |   | 12.7% |   |
|                                            |   |                                |   |   |    |   |   |   |   |
| Basic                  earnings per share       | $      | 0.43                                |   | $      | 0.39    |   |   | 10.3% |   |
| Diluted                  earnings per share     | $      | 0.43                                |   | $      | 0.38    |   |   | 13.2% |   |

|                                         |   | Three                  months Ended |   |   |    |   |
|----------------------------------------------|--------|-------------------------------------|--------|--------|---------|--------|
|                                         |   | March                  31,          |   |   |    |   |
|                                         |   | 2006                                |   |   | 2005    |   |   | %Change |   |
|                                         |   |                                |   |   |    |   |   | Favorable                  (Unfavorable) |
| Advanced                  Surface Finishing  |   |                                |   |   |    |   |   |   |   |
| Total                  net sales             | $      | 117,160                             |   | $      | 99,141  |   |   | 18.2% |   |
| Operating                  profit            | $      | 14,754                              |   | $      | 14,135  |   |   | 4.4% |   |
| Operating                  profit percentage |   | 12.6%                               |   |   | 14.3%   |   |   | ** |   |
|                                         |   |                                |   |   |    |   |   |   |   |
|                                         |   |                                |   |   |    |   |   |   |   |
| Printing                  Solutions          |   |                                |   |   |    |   |   |   |   |
| Total                  net sales             | $      | 83,198                              |   | $      | 71,106  |   |   | 17.0% |   |
| Operating                  profit            | $      | 9,690                               |   | $      | 10,316  |   |   | (6.1%) |   |
| Operating                  profit percentage |   | 11.6%                               |   |   | 14.5%   |   |   | ** |   |
|                                         |   |                                |   |   |    |   |   |   |   |
| Consolidated                  Total          |   |                                |   |   |    |   |   |   |   |
| Total                  net sales             | $      | 200,358                             |   | $      | 170,247 |   |   | 17.7% |   |
| Operating                  profit            | $      | 24,444                              |   | $      | 24,451  |   |   | ** |   |
| Operating                  profit percentage |   | 12.2%                               |   |   | 14.4%   |   |   | ** |   |

|                                                   |   | 2006   |   | 2005   |   | Variance |   |
|--------------------------------------------------------|--------|--------|--------|--------|--------|----------|--------|
| Cash                provided by (used in):             |   |   |   |   |   |     |   |
| Operating                Activities                    |   | $      | 501    |   | $      | 2,023    |   | $ | (1,522 | ) |
| Investing                Activities                    |   |   | (1,446 | )      |   | (2,727   | )      |   | 1,281 |   |
| Financing                Activities                    |   |   | 2,262  |   |   | (1,224   | )      |   | 3,486 |   |
| Effect                of exchange rate changes on cash |   |   | 788    |   |   | (2,160   | )      |   | 2,948 |   |
| Net                change in cash                      |   | $      | 2,105  |   | $      | (4,088   | )      | $ | 6,193 |   |

| ·   | a                ratio of bank-defined earnings before income taxes (“EBIT”) to interest                expense greater than 2.75 to 1.0 through December 31, 2006, and 3.0                to 1.0                for any fiscal quarter ending on or after March 31,                2007. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | a                ratio of bank-defined total outstanding debt to earnings before tax,                depreciation and amortization (“EBITDA”) to be less than 3.5 to 1.0                through December 31, 2006, and 3.25 to 1.0 for any fiscal quarter                ending                on or after March 31, 2007. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A                ratio of bank-defined total outstanding senior debt to earnings before                tax, depreciation and amortization (“EBITDA”) to be greater than 2.0 to                1.0. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                 |   |   |    |
|------------------------------------------------------------------------------------------------------|--------|--------|---------|
| Cash                and cash equivalents as of March 31, 2006                                        |   | $      | 83,037  |   |
| Other                net current monetary assets and liabilities as of March 31,                2006 |   |   | 131,190 |   |
|                                                                                                 |   |   | 214,227 |   |
|                                                                                                 |   |   |    |   |
| Available                borrowings under revolving loan facility                                    |   |   | 75,000  |   |
| Availability                under other uncommitted credit facilities                                |   |   | 50,860  |   |
| Total                cash available and potentially available                                        |   |   | 340,087 |   |
|                                                                                                 |   |   |    |   |
| Contractual                cash commitments due in next twelve months                                |   |   | 42,422  |   |
| Pension                funding expenditures                                                          |   |   | 12,000  |   |
| Expected                capital expenditures                                                         |   |   | 15,000  |   |
| Expected                dividend payments                                                            |   |   | 7,344   |   |
| Excess                of cash available and potentially available over                               |   |   |    |   |
| requirements                                                                                         |   | $      | 263,321 |   |

ITEM      3:

ITEM      4:

*Foreign            Currency Translation. *

**Limitations            on the Effectiveness of Controls **

PART            II.

| 4    | Credit                Agreement, dated as of March 29, 2006 among MacDermid Incorporated,                the                banks signatory there to and Bank of America, N.A. as letter of credit                issuing bank and swing line lender |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1 | Certification                of Chief Executive Officer pursuant to Rule13a-14(a) and Rule15d-14(a)                of                the Securities Exchange Act, as amended                                                                         |
| 31.2 | Certification                of Chief Financial Officer pursuant to Rule13a-14(a) and Rule15d-14(a)                of                the Securities Exchange Act, as amended                                                                         |
| 32   | Certification                of Chief Executive Officer and Chief Financial Officer Pursuant to                18U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley                Act of 2002                                    |

SIGNATURES

|                            |                                                     |                                                |
|---------------------------------|----------------------------------------------------------|-----------------------------------------------------|
|                            | MacDermid,                Incorporated                   |
|                       |                                                |  (Registrant)                             |
| Date:              May 15, 2006 | By:                                            | /s/ Daniel              H.              Leever |
|                                 | Title: Chairman and Chief Executive              Officer |

|                                 |                                  |                                         |
|--------------------------------------|---------------------------------------|----------------------------------------------|
|                            |                             |                                    |
| Date: May              15, 2006 | By:                         | /s/ Gregory              M. Bolingbroke |
|                                      | Title: Senior Vice President, Finance |

|                              |                                                       |                                                    |
|-----------------------------------|------------------------------------------------------------|---------------------------------------------------------|
|                         |                                                  |                                               |
| Date:                May 15, 2006 | By:                                              | /s/ Daniel                H.                Leever |
|                                   | Title: Chairman and Chief Executive                Officer |

|                                   |                                  |                                           |
|----------------------------------------|---------------------------------------|------------------------------------------------|
|                              |                             |                                      |
| Date: May                15, 2006 | By:                         | /s/ Gregory                M. Bolingbroke |
|                                        | Title: Senior Vice President, Finance |

|                                |                                                         |                                                        |
|-------------------------------------|--------------------------------------------------------------|-------------------------------------------------------------|
|                           |                                                    |                                                   |
| Date:                  May 15, 2006 | By:                                                | /s/ Daniel                  H.                  Leever |
|                                     | Title: Chairman and Chief Executive                  Officer |

|                                         |                                                       |                                                 |
|----------------------------------------------|------------------------------------------------------------|------------------------------------------------------|
|                                    |                                                  |                                            |
| Date: May                      15, 2006 | By:                                              | /s/ Gregory                      M. Bolingbroke |
|                                              | Title: Senior Vice President,                      Finance |