Sealed Air Corporation Announces Quarterly Dividend on Preferred Shares

Saddlebrook, New Jersey, UNITED STATES

SADDLE BROOK, N.J., Nov. 3, 2000 (PRIMEZONE) -- Sealed Air Corporation (NYSE:SEE) announced today that its Board of Directors has declared the regular quarterly cash dividend of 50 cents per share payable on January 2, 2001 on the outstanding shares of the Company's Series A Convertible Preferred Stock (NYSE:SEE Pr A) to stockholders of record at the close of business on December 11, 2000. The annual rate of dividends payable on this Preferred Stock is $2.00 per share.

Sealed Air is a leading global manufacturer of a wide range of food, protective and specialty packaging materials and systems. To view the Company's latest financial news online via the World Wide Web, visit



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