Sealed Air Announces Price Increase for Food Care Products in Europe, Middle East and Africa

December 5, 2017

CHARLOTTE, N.C.–(BUSINESS WIRE)–Sealed Air Corporation (NYSE: SEE) announced today that it is
implementing a price increase of 2.5 – 5.0% for the majority of its Food
Care division’s products in Europe, Middle East and Africa with the
exception of Switzerland and the United Kingdom who received price
increases earlier in the year. The increase will be effective January 1,
2018.

“The price adjustment is the result of escalation of notable increases
in the Company’s raw materials costs including a 19% rise in the price
of polyethylene, a 16% rise in nylon and a 35% rise in polystyrene as
well as other non-materials costs such as power, labor and
transportation in the range of 1-4%,” said Karl R. Deily, President of
Sealed Air Food Care division. “Despite the necessary price changes, we
are working to minimize the impact to our customers while delivering
them the same high level of value and innovation.”

The price changes include an increase on all shrink bags, rollstock
products, food films and vertical pouch packaging.

Business
Sealed Air Corporation
is a knowledge-based company focused on packaging solutions that help
our customers achieve their sustainability goals in the face of today’s
biggest social and environmental challenges. Our portfolio of widely
recognized brands, including Cryovac® brand food packaging solutions and
Bubble Wrap® brand cushioning, enables a safer and less wasteful food
supply chain and protects valuable goods shipped around the world.
Sealed Air generated $4.2 billion in sales in 2016 and has approximately
14,000 employees who serve customers in 117 countries. To learn more,
visit www.sealedair.com.

Website Information
We
routinely post important information for investors on our website, www.sealedair.com,
in the "Investor Relations" section. We use this website as a means of
disclosing material, non-public information and for complying with our
disclosure obligations under Regulation FD. Accordingly, investors
should monitor the Investor Relations section of our website, in
addition to following our press releases, SEC filings, public conference
calls, presentations and webcasts. The information contained on, or that
may be accessed through, our website is not incorporated by reference
into, and is not a part of, this document.

Forward-Looking Statements
This
press release contains “forward-looking statements” within the meaning
of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 concerning our business, consolidated financial
condition and results of operations. Forward-looking statements are
subject to risks and uncertainties, many of which are outside our
control, which could cause actual results to differ materially from
these statements. Therefore, you should not rely on any of these
forward-looking statements. Forward-looking statements can be identified
by such words as “anticipates,” “believes,” “plan,” “assumes,” “could,”
“should,” “estimates,” “expects,” “intends,” “potential,” “seek,”
“predict,” “may,” “will” and similar references to future periods. All
statements other than statements of historical facts included in this
press release regarding our strategies, prospects, financial condition,
operations, costs, plans and objectives are forward-looking statements.
Examples of forward-looking statements include, among others, statements
we make regarding expected future operating results, expectations
regarding the results of restructuring and other programs, anticipated
levels of capital expenditures and expectations of the effect on our
financial condition of claims, litigation, environmental costs,
contingent liabilities and governmental and regulatory investigations
and proceedings. The following are important factors that we believe
could cause actual results to differ materially from those in our
forward looking statements: the tax benefits associated with the
Settlement agreement (as defined in our 2016 Annual Report on Form
10-K), global economic and political conditions, changes in our credit
ratings, changes in raw material pricing and availability, changes in
energy costs, competitive conditions, the success of our restructuring
activities, currency translation and devaluation effects, the success of
our financial growth, profitability, cash generation and manufacturing
strategies and our cost reduction and productivity efforts, the success
of new product offerings, the effects of animal and food-related health
issues, pandemics, consumer preferences, environmental matters,
regulatory actions and legal matters, and the other information
referenced in the “Risk Factors” section appearing in our most recent
Annual Report on Form 10-K, as filed with the Securities and Exchange
Commission, and as revised and updated by our Quarterly Reports on Form
10-Q and Current Reports on Form 8-K. Any forward-looking statement made
by us is based only on information currently available to us and speaks
only as of the date on which it is made. We undertake no obligation to
publicly update any forward looking statement, whether written or oral,
that may be made from time to time, whether as a result of new
information, future developments or otherwise.