Owens-Brockway Glass Container Inc. Announces Completion of Exchange Offer

Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of Owens-Illinois, Inc. (NYSE: OI), today announced that it has completed its offer to exchange (the "Exchange Offer") any and all of its outstanding 7-3/4% Senior Secured Notes due 2011 (the "Old Notes") for 7-3/4% Senior Secured Notes due 2011 (the "Exchange Notes") that have been registered under the Securities Act of 1933, as amended.

All of the $450,000,000 aggregate principal amount of the Old Notes were tendered and received prior to expiration of the Exchange Offer at 5:00 p.m., New York City time, on Sept. 5, 2003.

This announcement is not an offer to exchange, or a solicitation of an offer to exchange, with respect to the Old Notes. The Exchange Offer was made solely by the prospectus dated Aug. 7, 2003.

A separate offer to exchange any and all of its outstanding 8-1/4% Senior Notes due 2013 for 8-1/4% Senior Notes due 2013 that have been registered under the Securities Act of 1933, as amended, will expire at 5:00 p.m. New York City time, on Sept. 10, 2003, unless extended.

600450 Owens-Brockway Glass Container Inc. Announces Completion of Exchange Offer glassonweb.com
Date: 9 September 2003
Source: OI

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