Sealed Air Celebrates 25th Anniversary of Listing on New York Stock Exchange; President and CEO William V. Hickey To Ring Closing Bell

SADDLE BROOK, N.J.--(BUSINESS WIRE)--May 19, 2004--Sealed Air Corporation (NYSE:SEE) announced today that the Company will celebrate twenty-five years of listing on the New York Stock Exchange (NYSE) by ringing the closing bell on Thursday, May 20, 2004 at 4:00 p.m. EDT.

Sealed Air, founded in 1960 with the invention of Bubble Wrap(R) cushioning, was listed on the NYSE in May 1979. Over the past twenty-five years, the Company's annual sales have increased from $70 million to greater than $3.5 billion today. "This event symbolizes Sealed Air's ongoing commitment to excellence and focus on delivering value to our customers," commented Sealed Air President and Chief Executive Officer, William V. Hickey. "Sealed Air is well-positioned to be the global supplier of choice for solutions, products and services in the markets we serve for the next twenty-five years and beyond."

Additional Sealed Air executives and long-tenured employees will join Mr. Hickey at the NYSE podium as he rings the closing bell. Other Company representatives and officials from the NYSE will also be present.

Business

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

Forward-Looking Statements

Some of the statements made by the Company in this press release are forward-looking. These statements include comments as to future events and trends affecting the Company's business, which are based upon management's current expectations and are necessarily subject to risks and uncertainties, many of which are outside the control of the Company. Forward-looking statements can be identified by such words as "anticipates," "estimates," "expects," "intends," "plans," "will" and similar expressions. Actual results may differ materially from these expectations due to a number of factors, such as changes in economic, political, business and market conditions, factors affecting customers, the effects of animal and food-related health issues, interest and exchange rates, the success of new products, raw material and energy costs, and legal proceedings. A more extensive list and description of these factors can be found under the heading "Forward-Looking Statements" in Management's Discussion and Analysis of Results of Operations and Financial Condition, which appears in the Company's most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q and in the Company's other publicly-available filings with the Securities and Exchange Commission.

    CONTACT: Sealed Air Corporation, Saddle Brook
             Eric D. Burrell, 201-791-7600

    SOURCE: Sealed Air Corp.