Norcross, Georgia (August 11, 2003)—Euramax International, Inc. today reported net sales for the quarter ended June 27, 2003 of $191.7 million, a quarterly record that exceeded the second quarter of 2002 by 11.6%. Operating earnings of $14.1 million reflect charges of approximately $5.8 million related to the Company's recent shareholder transaction. Operating earnings in the second quarter of 2002 were $19.4 million.

Results for the quarter reflect a continuation of year-over-year improvement for the Norcross, Georgia based manufacturer. Commenting on results, Chairman and CEO J. David Smith said, "The strength of our markets for repair and remodeling activity, together with our geographic, market and customer diversity, has enabled continued growth and good profitability, despite continuing economic uncertainty."

Net sales increases for the quarter were broadly distributed among Euramax's customers and markets and included increases to OEMs, home centers, distributors, and home improvement and architectural contractors. Net sales to rural contractors and manufactured housing producers fell slightly due to continuing softness in those markets. Net sales in the U.S. and Europe increased 4.7% and 28.4%, respectively. Strengthening of the British Pound and Euro against the U.S. Dollar increased Europe's net sales by approximately $10.0 million. Excluding this increase, Europe's net sales grew by 8.4% compared to the second quarter of 2002.

Net sales for the six months ended June 27, 2003 of $337.8 million were 10.9% higher than in the six months ended June 28, 2002. Operating earnings for the six months ended June 27, 2003 were $23.3 million and reflect approximately $5.8 million in charges related to the Company's recent shareholder transaction. Operating earnings for the six months ended June 28, 2002 were $28.1 million.

Long-term debt at June 27, 2003 increased to $208.0 million from $197.0 million at December 27, 2002, primarily related to a $16.9 million increase in working capital resulting from seasonal requirements of the business. Capital expenditures for the six month period ended June 27, 2003 were $5.7 million. At quarter end, Euramax had $10.9 million in cash and $39.0 million available under its revolving credit facility.

The Company also disclosed that on June 12, 2003 an affiliate of Citicorp Venture Capital Ltd. acquired all of the shares held in Euramax by CVC European Equity Partners, L.P, CVC European Equity Partners (Jersey), L.P., and BNP Paribas and certain shares held by independent directors and management. Furthermore, on August 6, 2003, Euramax issued $200.0 million of its 8.5% senior subordinated notes due 2011 and, on August 8, 2003, completed a tender offer for $112.9 million of its 11.25% senior subordinated notes due 2006. As a result of these transactions, the Company was required to make certain accounting adjustments. Specifically, the purchase price paid in the Company's shareholder transaction in excess of the book value of the equity acquired has been allocated under the purchase method of accounting to the assets and liabilities of the Company, based upon a percentage of their fair values proportional to the percentage of the ownership change.

Euramax is a leading international producer of aluminum, steel, vinyl and fiberglass products for original equipment manufacturers, distributors, contractors and home centers in North America and Western Europe.

Note regarding forward looking statements: Statements made by Euramax which are not historical facts are forward looking statements that involve risks and uncertainties. Statements including the words "anticipate," "expect," "foresee," "believe," "feel," "intend" and similar words also indicate forward looking statements that involve risks and uncertainties. Actual results could differ materially from those expressed or implied in forward looking statements. Important factors that could cause financial

performance to differ materially from past results and from those expresses or implied in this press release include, without limitation, the risks of doing business in multiple jurisdictions, impact of environmental regulations, dependence on key personnel, risks of business acquisitions, availability of raw materials, and a variety of other factors. For further information on these and other risks, see the "Risk Factors" section of the Company's Report on Form 10-K for the year ended December 27, 2002.

Euramax International, Inc. and Subsidiaries
Condensed Consolidated Statements of Earnings

			Successor			Predecessor
Thousands of U.S. Dollars			For the one month ended June 27, 2003			For the two months ended May 23, 2003			For the quarter ended June 28, 2002
Net Sales			$	77,194		$	114,457		$	171,668
Cost and expenses:
	Cost of goods sold			63,904			90,854			132,859
	Selling and general			8,159			10,563			16,400
	Depreciation and amortization			1,571			2,531			3,025

				73,634			103,948			152,284

		Earnings from operations		3,560			10,509			19,384
Interest expense, net				(1,843	)		(3,678	)		(5,872	)
Other income (expense), net				(26	)		292			624

		Earnings before income taxes		1,691			7,123			14,136
Provision for income taxes				562			2,673			5,576

		Net earnings	$	1,129		$	4,450		$	8,560

Earnings from operations before depreciation and amortization			$	5,131		$	13,040		$	22,409

Euramax International, Inc. and Subsidiaries
Condensed Consolidated Statements of Earnings

			Successor			Predecessor
Thousands of U.S. Dollars			For the one month ended June 27, 2003			For the five months ended May 23, 2003			For the six months ended June 28, 2002
Net Sales			$	77,194		$	260,615		$	304,628
Cost and expenses:
	Cost of goods sold			63,904			208,420			239,117
	Selling and general			8,159			26,153			30,949
	Depreciation and amortization			1,571			6,276			6,449

				73,634			240,849			276,515

		Earnings from operations		3,560			19,766			28,113
Interest expense, net				(1,843	)		(9,126	)		(11,233	)
Other income (expense), net				(26	)		506			542

		Earnings before income taxes		1,691			11,146			17,422
Provision for income taxes				562			4,254			6,782

		Net earnings	$	1,129		$	6,892		$	10,640

Earnings from operations before depreciation and amortization			$	5,131		$	26,042		$	34,562

Euramax International, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets

			Successor			Predecessor
Thousands of U.S. Dollars			June 27, 2003			December 27, 2002
ASSETS
Current assets:
	Cash and equivalents		$	10,918		$	11,646
	Accounts receivable, net			120,325			88,508
	Inventories			90,374			78,480
	Other current assets			8,438			5,081

		Total current assets		230,055			183,715
Property, plant and equipment, net				129,582			112,037
Goodwill, net				160,406			110,799
Deferred income taxes				4,831			4,975
Other assets				5,740			4,914

			$	530,614		$	416,440

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
	Cash overdrafts		$	1,487		$	1,880
	Accounts payable			74,111			57,104
	Accrued expenses and other current liabilities			47,039			34,251

		Total current liabilities		122,637			93,235
Long-term debt, less current maturities				208,020			196,972
Deferred income taxes				23,560			19,421
Other liabilities				27,731			20,593

		Total liabilities		381,948			330,221

Shareholders' equity:
	Common stock			500			500
	Additional paid-in-capital			155,495			53,220
	Treasury stock			(1,964	)		(2,056	)
	Restricted stock grant			(3,764	)		—
	Retained earnings			1,129			44,439
	Accumulated other comprehensive loss			(2,730	)		(9,884	)

		Total shareholders' equity		148,666			86,219

			$	530,614		$	416,440