Oscar-winning actress GWYNETH PALTROW and COLDPLAY frontman CHRIS MARTIN have announced they're separating after more than a decade of marriage. T

The pair, who tied the knot in 2003 and have two children, delivered the news in a joint statement titled 'Conscious Uncoupling' on Paltrow's GOOP website.

"We have been working hard for well over a year, some of it together, some of it separated, to see what might have been possible between us," they write, adding "and we have come to the conclusion that while we love each other very much we will remain separate."

Martin and Paltrow say they remain committed to co-parenting their young children, Apple and Moses, and that in "many ways we are closer than we have ever been." They ask for privacy.

The surge in traffic to GOOP immediately following the announcement caused the lifestyle newsletter/site, which launched in 2008, to crash.

After dating actors like Brad Pitt and Ben Affleck in the 1990s, Paltrow met Martin in October 2002, two months after the release of Coldplay's breakout album "A Rush of Blood to the Head."

The couple married in December 2003, and Paltrow gave birth to a daughter and a son, Apple Blythe Alison Martin in 2004 and Moses Bruce Anthony Martin in 2006.