News Release

Tredegar Board Declares Dividend
08/29/2006 at 2:54 PM EDT

RICHMOND, Va., Aug. 29 /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 October 1, 2006, to shareholders of record on September 15, 2006.

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

SOURCE  Tredegar Corporation
    -0-                             08/29/2006
    /CONTACT:  D. Andrew Edwards of Tredegar Corporation, +1-804-330-1041,
Fax: +1-804-330-1177, daedward@tredegar.com/
    /Web site:  http://www.tredegar.com /
    (TG)

CO:  Tredegar Corporation
ST:  Virginia
IN:  CHM MNG
SU:  DIV

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4418 08/29/2006 14:52 EDT http://www.prnewswire.com