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Archive for August, 2001

AEP INDUSTRIES’ CHAIRMAN RESCINDS HIS STOCK SALE PLAN

Friday, August 10th, 2001

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

FOR IMMEDIATE RELEASE

South Hackensack, NJ, August 10, 2001 – AEP Industries Inc. (Nasdaq: AEPI, the “Company”) today reported J. Brendan Barba, the chairman and chief executive officer of the Company, has rescinded his previously announced systematic selling program. The plan would have allowed Mr. Barba to diversify his investments by selling up to 300,000 shares over a one-year period. Mr. Barba currently owns 1,257,425 shares of the Company’s common stock representing 17.3 percent of the shares outstanding.

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 11 countries throughout North America, Europe and Asia/Pacific.

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 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.