Packaging

Crown Holdings to Realign North American Operations

Thursday 13. November 2008 - Crown Holdings, Inc. (NYSE: CCK) (Crown), today announced that it plans to close its food can plant in Dorval, Canada and its beverage can and crown (bottle cap) plant in Montreal, Canada.

In connection with the two plant closures, the Company expects to record a pre- and post-tax charge of approximately $21 million (CAD $26 million) in the fourth quarter of 2008 and $4 million in 2009. In 2010, the Company will record an additional amount in the range of $20 million to $26 million when regulatory approval to settle pension plan obligations related to these plants is received. The net cash cost of the shutdowns, after $7 million of anticipated property sale proceeds, is expected to be approximately $13 million. The Company expects to relocate certain equipment from both facilities to other operations located in North America and in growing overseas markets. The Company anticipates annual cost reductions of approximately $11 million.

“We regret the need to close both of these plants, a decision that was made only after considerable analysis,” stated John W. Conway, Crown’s Chairman and Chief Executive Officer. “These actions are necessary to better match our capacity to geographic market demand and are consistent with the Company’s strategy to lower costs and enhance return on all assets deployed.”

The Dorval plant, constructed in 1989, operates seven manufacturing lines with an annual production capacity of 600 million cans in a variety of sizes.

The Montreal plant, which commenced production in 1956, produces both 12-ounce and 16-ounce aluminum beverage cans on one manufacturing line with an annual production capacity of 800 million cans.

There are approximately 175 employees who will be affected at the two plants, both of which are expected to close during the first quarter of 2009.