News Release

Tredegar Board Declares Dividend

10/30/2008 at 2:25 PM EDT

RICHMOND, Va., Oct. 30 /PRNewswire-FirstCall/ -- The board of directors of Tredegar Corporation (NYSE: TG) declared a quarterly dividend of four cents per share on the company's common stock. The dividend is payable on January 1, 2009, to shareholders of record at the close of business on December 11, 2008.

Based in Richmond, Va., Tredegar Corporation is a global manufacturer of plastic films and aluminum extrusions.

SOURCE Tredegar Corporation

CONTACT: D. Andrew Edwards, Corporate Communications of Tredegar
Corporation, +1-804-330-1041, Fax, +1-804-330-1777, daedward@tredegar.com/

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Tredegar Corporation
1100 Boulders Parkway
North Chesterfield, Virginia 23225
Phone: 804-330-1000
Toll Free: 855-330-1001

Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building and construction, automotive and specialty markets; surface protection films for high technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2020 sales from continuing operations of $755 million. With approximately 2,400 employees, the Company operates manufacturing facilities in North America, South America and Asia.