Sealed Air Acquires Nelipak; Expands Presence in Medical Packaging

Commenting on the acquisition, William V. Hickey, Sealed Air'sPresident and Chief Executive Officer, stated:

"We are pleased to build on our presence in medical packaging withthe acquisition of Nelipak. We believe that medical packagingrepresents an attractive growth opportunity for Sealed Air's productsand technology. This acquisition will enable us to expand our abilityto meet the packaging needs of the global healthcare industry.

"Nelipak is a good fit with Sealed Air because of its solidlong-term customer relationships, its technical approach to productdevelopment and its reputation for superior quality. This acquisitionprovides Sealed Air with a greater presence in the highly technicalfield of medical device packaging and is a complementary addition toboth our existing medical packaging business for pharmaceuticalsolutions and our industrial packaging business."

Frank Nelissen, Managing Director of Nelipak, stated:

"I am excited that Nelipak is joining this world class, globalcompany and I am looking forward to working together as we offer aneven broader array of packaging solutions for our customers."

Business

Sealed Air is a leading global manufacturer of a wide range offood and protective packaging materials and systems including suchwidely recognized brands as Bubble Wrap(R) cushioning, Jiffy(R)protective mailers and Cryovac(R) food packaging products. For moreinformation about Sealed Air, please visit the Company's web site atwww.sealedair.com.

Forward-Looking Statements

Some of the statements made by the Company in this press releaseare forward-looking. These statements include comments as to futureevents and trends affecting the Company's business, which are basedupon management's current expectations and are necessarily subject torisks and uncertainties, many of which are outside the control of theCompany. Forward-looking statements can be identified by such words as"anticipates," "estimates," "expects," "intends," "plans," "will" andsimilar expressions. The following are important factors that theCompany believes could cause actual results to differ materially fromthose in the Company's forward-looking statements: changes in rawmaterial and energy costs, market conditions, exchange rates, thesuccess of new products and acquisitions, restructuring charges, andlegal proceedings. A more extensive list and description of these andother such factors can be found under the heading "Forward-LookingStatements" in Management's Discussion and Analysis of Results ofOperations and Financial Condition, which appears in the Company'smost recent Annual Report on Form 10-K or Quarterly Report on Form10-Q and in the Company's other publicly-available filings with theSecurities and Exchange Commission.