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Ball Corporation Announces Commencement of Consent Solicitation

Thursday 04. September 2008 - Ball Corporation (NYSE: BLL) today announced it has commenced the solicitation of consents from holders of its 6 7/8 percent senior notes due 2012 to amend certain provisions of the indenture governing the notes.

The primary purpose of the proposed amendments is to amend certain provisions of the indenture governing restricted payments, so that such provisions generally match provisions governing restricted payments contained in the indenture governing Ball’s 6 5/8 percent senior notes due 2018.
The consent solicitation commenced today and will expire at 5 p.m. Eastern time on Sept. 16, 2008, unless extended. Only record holders of notes as of 5 p.m. Eastern time, on Sept. 2, 2008, will be eligible to consent to the proposed amendments. The consent solicitation is conditioned on the receipt of consents from record holders representing at least a majority in aggregate principal amount of the outstanding notes and other customary conditions. Holders of the notes who properly consent to the proposed amendments before the consent solicitation expires and do not validly revoke such consent will receive a cash payment of $2.50 for each $1,000 in principal amount of notes for which they give consents.