Ex-99.2

PLIANT CORPORATION

Adjusted EBITDA Reconciliation

($ Millions)

	3 months ended 9/30/03		3 months ended 6/30/03		3 months ended 9/30/02
Net Income (loss)	(20.1	)	(18.9	)	(7.5	)
Adjustments:
Income tax expense (benefit)	1.6		2.8		(2.0	)
Interest expense	23.5		27.4		19.1
Depreciation and amortization	11.9		13.3		12.1
Restructuring and other costs	3.3		2.5		5.8
Other non-cash charges and net adjustments for certain unusual items	—		1.1		0.6
Adjusted EBITDA	20.2		28.2		28.1