Important Notice: Not For Distribution In Or Into, Or To Any Person Located Or Resident In Or At Any Address In, The Republic Of Italy

PHILADELPHIA, Sept. 14 /PRNewswire-FirstCall/ -- Crown Holdings, Inc. (the "Company") (NYSE: CCK) today announced the final results of its previously announced tender offer (the "Offer") for any and all of the outstanding 6.250% First Priority Senior Secured Notes due 2011 (the "Notes") of Crown European Holdings SA, a subsidiary of the Company.

At 5:00 p.m., Central European Time (CET) (11:00 a.m., Eastern Daylight Time (EDT)), on September 11, 2009, the aggregate principal amount of Notes tendered in the Offer was euro 246,169,000. All of the Notes that were tendered are expected to be accepted for payment by the Company, with settlement expected to occur on or about September 16, 2009. The Notes expected to be accepted for purchase represent approximately 53.5% of the euro 460 million aggregate principal amount of the Notes outstanding prior to the Offer. Notes purchased in the Offer will be cancelled.

The purchase price to be paid to holders for each euro 1,000 principal amount of the Notes purchased in the Offer is an amount in cash equal to euro 1,045, plus accrued and unpaid interest from and including the last interest payment date up to, but excluding, the settlement date. The aggregate consideration to be paid by the Company for the Notes expected to be accepted for payment, including accrued and unpaid interest, is approximately euro 257.9 million. Following the completion of the Offer, euro 213,831,000 aggregate principal amount of Notes will remain outstanding.

The Tender Offer was made pursuant to the Company's Offer to Purchase dated September 3, 2009. Citigroup Global Markets Inc. and The Royal Bank of Scotland plc acted as dealer managers for the Offer. This press release is neither an offer to purchase nor a solicitation of an offer to sell securities.

Cautionary Note Regarding Forward-Looking Statements

Except for historical information, all other information in this press release consists of forward-looking statements. These forward-looking statements involve a number of risks, uncertainties and other factors, including satisfaction of the financing condition related to the Offer and the Company's ability to repay, refinance or restructure its short and long-term indebtedness on adequate terms, that may cause actual results to be materially different from those expressed or implied in the forward-looking statements. There can be no assurance that the Offer will be completed on the terms described herein or at all. Important factors that could cause the statements made in this press release or the actual results of operations or financial condition of the Company to differ are discussed under the caption "Forward-Looking Statements" in the Company's Form 10-K Annual Report for the year ended December 31, 2008 and in subsequent filings made prior to or after the date hereof. The Company does not intend to review or revise any particular forward-looking statement in light of future events.

Crown Holdings, Inc., through its subsidiaries, is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, Pennsylvania.

    For more information, contact:
    Timothy J. Donahue, Executive Vice President and Chief Financial Officer,
    (215) 698-5088, or
    Ed Bisno, Bisno Communications,
    (212) 717-7578.

SOURCE Crown Holdings, Inc.

Crown Cork & Seal Company (CCK)

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