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AEP Industries Explores Strategic Alternatives for Its Subsidiary

May 7 2007

AEP Industries Inc. today announced that it is exploring strategic alternatives for its subsidiary in the Netherlands, AEP Industries Nederland B.V. AEP has hired investment bankers from ABN AMRO to assist the company with the process.

The Company noted that there can be no assurances that the exploration of strategic alternatives will result in a consummated transaction. AEP Industries does not intend to disclose developments with respect to this process unless and until the Board of Directors has approved a specific transaction or course of action.

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