Crown Holdings Announces Further Stock Repurchase Authorization of $150,000,000

Thursday, December 8, 2005
Investors

PHILADELPHIA, Dec. 8 /PRNewswire-FirstCall/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that its Board of Directors has authorized the repurchase of up to $150 million of the Company's common stock through the end of 2007.

Stock repurchases under this program may be made in the open market or through privately negotiated transactions, and at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements and other market conditions.

The new authorization is in addition to the Company's previous stock repurchase program of $50 million, approved by the Board of Directors in February 2005, under which 2.1 million shares at an approximate cost of $38 million have been repurchased to date in 2005. As of today, December 8, 2005, there are 166.4 million shares of common stock outstanding.

Cautionary Note Regarding Forward-Looking Statements

Except for historical information, all other information in this press release consists of forward-looking statements within the meaning of the federal securities laws. These forward-looking statements involve a number of risks, uncertainties and other factors, which may cause the 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 to differ include, without limitation, that the Company is not obligated and may not acquire any shares of common stock and the share repurchase plan may be suspended or terminated at any time at the Company's discretion. 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, 2004 and in subsequent filings. The Company does not intend to review or revise any particular forward-looking statement in light of future events.

Crown Holdings, Inc., through its affiliated companies, 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, Senior Vice President - Finance, (215) 698-5088.

Edward Bisno, Bisno Communications, (917) 881-5441

SOURCE  Crown Holdings, Inc.
    -0-                             12/08/2005
    /CONTACT:  Timothy J. Donahue, Senior Vice President - Finance, Crown
Holdings, +1-215-698-5088; or Edward Bisno, Bisno Communications,
+1-917-881-5441, for Crown Holdings/
    /Web site:  http://www.crowncork.com/
    (CCK)

CO:  Crown Holdings, Inc.
ST:  Pennsylvania
IN:  ENV FOD
SU:

DP
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5920 12/08/2005 16:24 EST http://www.prnewswire.com

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