Bemis Raises 2Q09 Guidance; Increases Total Year Guidance

NEENAH, Wis.—Bemis Company, Inc. announced that management expects its diluted earnings per share for the second quarter to be approximately $0.47. These results include a $.03 per share charge related to the impact of expensing acquisition related costs in accordance with FAS 141(R). Management’s original guidance for the second quarter was $0.35 to $0.43 per share, and this guidance did not include any FAS 141(R) charges. Results for the second quarter of 2009 benefited from lower raw material costs related to second quarter shipments, as well as the positive impact of cost management initiatives implemented during the fourth quarter of 2008 and the first quarter of 2009.