Contact: Paul Feeney
Executive Vice President
and Chief Financial Officer
AEP Industries
(201) 807-2330
feeneyp@aepinc.com

AEP INDUSTRIES COMMENTS ON STOCK ACTIVITY

Schedules Conference Call for Friday, October 4, 2002

South Hackensack, NJ, October 3, 2002 - AEP Industries Inc. (Nasdaq: AEPI, the "Company") today stated that the Company knows of no materially adverse event that would explain the stock price activity of the past three days. The Company believes the stock price decline is a result of unusually high selling pressure on its thinly traded stock.

The Company invites all interested parties to listen to a conference call live over the Internet at www.aepinc.com on Friday, October 4, 2002 at 10:00 a.m. ET. Management will discuss its business activities over the past month, provide guidance for the year and answer any questions its investors have. An archived version of the call will be made available after the call is concluded.

AEP Industries Inc. manufactures, markets, and distributes an extensive range of plastic packaging products for the food/beverage, industrial and agricultural markets. The Company has operations in ten countries throughout North America, Europe and Australasia.

Except for historical information contained herein, statements in the release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include, but are not limited to, risks associated with pricing, volume, EBITDA guidance and conditions of markets. Those and other risks are described in the Company's filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which are available from the SEC or may be obtained from the Company.