September 27, 2005 15:01 ET

Roman Corporation Update

TORONTO, ONTARIO--(CCNMatthews - Sept. 27, 2005) - At the request of Market Regulation Services on behalf of the Toronto Stock Exchange, Roman Corporation Limited (TSX:RMN) provided an information update with respect to the initiative announced July 27, 2005 to engage Sprott Securities Inc. as a financial advisor. The Company has had a number of discussions with various parties regarding the refinancing of its balance sheet, has also received expressions of interest with respect to this refinancing and due diligence is underway. The Company expects to make a more detailed announcement at the appropriate time, however, it is premature to be more definitive as to the outcome of these financing initiatives or whether these will result in one or more transactions, or if it does, when and on what terms.

The Company is not aware of the reasons for the significant change in the trading volume and share price of its stock in the last few days.

Roman Corporation Limited is a leading manufacturer of paperboard packaging for the consumer packaged goods industry. The Company's products are the packaging choice for some of the most recognizable national and private label brand manufacturers in North America. Consumer goods packaged with the Company's products range from food and household goods such as frozen and dry food, beverages, powered laundry detergent, batteries and light bulbs to toys, pet products and hardware. The Company operates production facilities that manufacturer 100% recycled paperboard as well conversion of paperboard into printed folding cartons.

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