Ex-99.2

PLIANT CORPORATION

Adjusted EBITDA Reconciliation

($ Millions)

	3 months ended 6/30/03		3 months ended 3/31/03		3 months ended 6/30/02
Net Income (loss)	(18.9	)	(7.3	)	(2.7	)
Adjustments:
Income tax expense (benefit)	2.8		2.0		(.1	)
Interest expense	27.4		19.9		19.1
Depreciation and amortization	13.3		11.2		11.6
Restructuring and other costs	2.5		6.1		2.9
Other non-cash charges and net adjustments for certain     unusual items	1.1		0.2		(.1	)
Adjusted EBITDA	28.2		32.1		30.7