Item 2.05 Costs Associated with Exit or Disposal Activities.

Global Manufacturing Strategy

On December 30, 2008, Sealed Air Corporation (the "Company") announced to its employees that it made the decision to close its Cedar Rapids, Iowa facility. This project is part of the Company's previously announced global manufacturing strategy. The Company intends to relocate the work from the Cedar Rapids facility to several existing Company facilities in North America. This transition is expected to occur gradually over the next six to ten months, at which time all manufacturing operations at the Cedar Rapids facility would cease.

As part of its global manufacturing strategy, the Company has been reviewing operating costs, strategic location, proximity to other facilities and technology levels. The Company determined that implementing this project will enable the Company to improve productivity and optimize its geographical and technological resources to better meet its customers' needs going forward.

The Company is not yet able to make a determination of the costs associated with this course of action. The Company will provide estimates, or ranges of estimates, concerning the costs and charges expected to be incurred in connection with the program as additional information becomes available.

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