Board Elects Seabrook, Westerlund to Executive Vice President Positions, Declares Dividend

BROOMFIELD, Colo., April 26 /PRNewswire-FirstCall/ -- Ball Corporation's board of directors today elected two of the company's officers to executive vice president positions. The board also declared a cash dividend of 10 cents per share.

(Photo: http://www.newscom.com/cgi-bin/prnh/20060426/LAW074-a) (Photo: http://www.newscom.com/cgi-bin/prnh/20060426/LAW074-b)

Raymond J. Seabrook and David A. Westerlund had both been senior vice presidents of Ball Corporation. Seabrook is now executive vice president and chief financial officer. Westerlund is executive vice president, administration, and corporate secretary.

R. David Hoover, chairman of the board, president and chief executive officer, said the board's action was in recognition of the important roles Seabrook and Westerlund play in Ball's success and the added responsibilities they have assumed as the company has more than doubled in size in recent years.

Seabrook had been senior vice president and chief financial officer since April 2000. Westerlund had been senior vice president, administration, since 1998 and added corporate secretary duties in 2002.

The dividend is payable June 15, 2006, to shareholders of record on June 1, 2006.

Also today, Ball's shareholders re-elected three directors at the company's annual meeting. Howard M. Dean, Jan Nicholson and Hoover were re-elected to three-year terms expiring in 2009.

Ball will announce its first quarter 2006 earnings on Thursday, April 27, before trading begins on the New York Stock Exchange. Conference call information is provided below.

Ball Corporation is a supplier of high-quality metal and plastic packaging products and owns Ball Aerospace & Technologies Corp. Ball reported 2005 sales of $5.8 billion and employs 15,600 people.

Conference Call Details

Ball Corporation will announce its first quarter 2006 earnings on Thursday, April 27, 2006, before trading begins on the New York Stock Exchange. At 9 a.m. Mountain Time on that day (11 a.m. Eastern), Ball will hold its regular quarterly conference call on the company's results and performance.

The North American toll-free number for the call is 1-800-741-7590. International callers should dial +1-212-676-4915. For those unable to listen to the live call, a taped rebroadcast will be available until 11 a.m. Mountain Time on May 4, 2006. To access the rebroadcast, dial 800-633-8284 (domestic callers) or +1-402-977-9140 (international callers) and enter 21287926 as the reservation number.

Please use the following URL for a Web cast of the live call and for the replay: http://phx.corporate-ir.net/phoenix.zhtml?p=irol- eventDetails&c=115234&eventID=1262129

A written transcript of the call will be posted within 48 hours of the call's conclusion to Ball's Web site at http://www.ball.com/ in the investor relations section under "presentations."

Forward-Looking Statements

This news release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements. Such statements are subject to risks and uncertainties which could cause actual results to differ materially from those expressed or implied. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key risks and uncertainties are summarized in filings with the Securities and Exchange Commission, including in Exhibit 99.2 in our Form 10-K. These filings are available at our Web site and at http://www.sec.gov/. Factors that might affect our packaging segments include fluctuation in consumer and customer demand and preferences; availability and cost of raw materials, including recent significant increases in resin, steel, aluminum and energy costs, and the ability to pass such increases on to customers; competitive packaging availability, pricing and substitution; changes in climate and weather; fruit, vegetable and fishing yields; industry productive capacity and competitive activity; failure to achieve anticipated productivity improvements or production cost reductions, including those associated with our beverage can end project; the German mandatory deposit or other restrictive packaging laws; changes in major customer or supplier contracts or loss of a major customer or supplier; changes in foreign exchange rates, tax rates and activities of foreign subsidiaries; and the effect of LIFO accounting. Factors that might affect our aerospace segment include: funding, authorization, availability and returns of government contracts; and delays, extensions and technical uncertainties affecting segment contracts. Factors that might affect the company as a whole include those listed plus: acquisitions, joint ventures or divestitures; integration of recently acquired businesses; regulatory action or laws including tax, environmental and workplace safety; governmental investigations; technological developments and innovations; goodwill impairment; antitrust, patent and other litigation; strikes; labor cost changes; rates of return projected and earned on assets of the company's defined benefit retirement plans; changes to the company's pension plans; reduced cash flow; interest rates affecting our debt; and changes to unaudited results due to statutory audits or other effects.