Silgan Holdings Announces the Election of Anthony J. Allott as CEO

Phil Silver and Greg Horrigan will continue in their roles asCo-Chairmen of the Board, but in a non-executive capacity. The Boardof Directors also announced the Company's intention to amend itscharter to expand the size of the Board from six to seven directors.If the amendment to the Company's charter is approved by shareholdersat the next shareholders' meeting in 2006, it is the Board's intentionto appoint Mr. Allott as a director of Silgan Holdings.

Tony Allott joined Silgan Holdings in May 2002 as Executive VicePresident and Chief Financial Officer. In August 2004, Mr. Allott wasappointed President and given the responsibility for Silgan'soperations. Messrs. Silver and Horrigan said, "Over the past fewyears, we have given Tony ever increasing responsibilities and exposedhim to all aspects of the Silgan business. We and the other Silgandirectors believe that Tony has the integrity, vision, energy andleadership to continue Silgan on the path of growth and success."

Messrs. Silver and Horrigan added, "Since the Company's foundingin 1987, we have often stated that our substantial investment inSilgan has informed our judgment in our oversight of the Company. Wehave previously communicated we might sell shares from time to timefor the purpose of diversification and/or estate planning. We haveeach done some of that the past few years and may well do more overthe next several years. Even so, it is likely that we will eachcontinue to have a significant equity interest in Silgan, and thatthis ownership will continue to inform our judgment in our roles asCo-Chairmen."

Silgan Holdings is a leading North American manufacturer ofconsumer goods packaging products with annual net sales ofapproximately $2.5 billion in 2005. Silgan operates 60 manufacturingfacilities in the U.S. and Canada. In North America, Silgan is thelargest supplier of metal containers for food products and a leadingsupplier of plastic containers for personal care products and ofmetal, composite and plastic vacuum closures for food and beverageproducts.