Crown Enters Into Share Repurchase Agreement

PHILADELPHIA, Aug. 27 /PRNewswire-FirstCall/ -- Crown Holdings, Inc. announced today that it has entered into a definitive agreement with BNP Paribas to purchase shares of its common stock for approximately $100 million under an accelerated share repurchase program. Pursuant to the agreement, the Company has purchased 4,088,068 shares immediately from BNP Paribas and may potentially receive additional shares upon completion of the transaction. The final number of shares to be repurchased will be based on the Company's volume-weighted average stock price during the term of the transaction. The Company expects the transaction to be completed during the fourth quarter of 2007. To date in 2007, including the accelerated share repurchase agreement, the Company has purchased 4,828,883 shares for $118 million.

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 that may cause actual results to be materially different from those expressed or implied in the forward-looking statements. 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 include the volume-weighted average share price through expected completion of the repurchase agreement in the fourth quarter of 2007 and the actual completion date of the agreement. Other important factors are discussed under the caption "Forward-Looking Statements" in the Company's Form 10-K Annual Report for the year ended December 31, 2006 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.

About Crown Holdings, Inc.

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, PA.

For more information, contact: Timothy J. Donahue, Senior Vice President - Finance, (215) 698-5088, or Edward Bisno, Bisno Communications, (212) 717-7578.