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Silgan Updates Earnings Outlook For 2012 And Extends Tender Offer To Purchase Up To $250 Million Of Stock To February 5, 2013

The Company will release its fourth quarter and full year 2012 earnings results on Tuesday, January 29, 2013, after the U.S. markets close. On the following morning, Wednesday, January 30, 2013, the Company will hold a conference call at 11:00 a.m. eastern time to discuss the Company’s results and performance for these periods. The toll free number for those in the U.S. and Canada is (800) 390-5360, and international callers should dial (719) 325-4827. For those unable to listen to the live call, a taped rebroadcast will be available through February 13, 2013. To access the rebroadcast, U.S. and Canadian callers should dial (888) 203-1112, and international callers should dial (719) 457-0820. The pass code is 4833729.

The Company also announced today that it is extending the expiration date of its “modified Dutch Auction” tender offer to purchase up to $250 million of its common stock, at a price not less than $40.75 per share or greater than $45.25 per share. The tender offer, which was commenced on November 19, 2012 and was previously scheduled to expire at 5:00 p.m., New York time, on December 18, 2012, will be extended until 5:00 p.m., New York time, on February 5, 2013. The tender offer will otherwise remain subject to all previously announced terms and conditions described in the offer to purchase that has been distributed to stockholders, except as set forth in the Amended Tender Offer Statement and Supplement No. 1 to the Offer to Purchase that the Company will file with the Securities and Exchange Commission shortly. The Company reserves the right to further extend the period of time the offer is open by notice to the depositary and by making a public announcement of such extension.

None of the Company’s management, its board of directors and executive officers, the information agent, the depositary or the dealer manager is making any recommendation to stockholders as to whether to tender or refrain from tendering their shares in the tender offer.

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