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                       Sealed Air: Stock Repurchase

                                                April 14, 2000

Contact:  Mary A. Coventry
          J. Ryan Flanagan


                SEALED AIR CORPORATION ANNOUNCES
              AUTHORIZATION TO REPURCHASE UP TO AN
                   ADDITIONAL 5% OF SHARES


        SADDLE BROOK, N.J., Friday, April 14, 2000 - Sealed Air
Corporation (NYSE-SEE) announced today that its Board of Directors has
authorized the Company to repurchase up to an additional 5%, on an as-
converted basis, of the Company's outstanding capital stock, which
consists of its Common Stock (NYSE-SEE) and its Series A Convertible
Preferred Stock (NYSE-SEE Pr A).  The Preferred Stock is convertible
into shares of the Company's Common Stock at a rate of 0.885 shares of
Common Stock for each share of Preferred Stock. Purchases by the Company
under this program may be made from time to time.  This authorization
follows an initial approval to repurchase up to 5% of the outstanding
shares of the Company's capital stock announced on June 29, 1998.  Of
the initial authorization, approximately 2.3% of the outstanding shares
on an as-converted basis had been repurchased as of March 31, 2000.  The
aggregate number of shares of Common Stock and Preferred Stock of the
Company that remains available for repurchase under the two
authorizations is the equivalent of approximately 8.8 million shares of
Common Stock, on an as-converted basis.

        Commenting on the authorization, William V. Hickey, President
and Chief Executive Officer, stated, "This further buy-back
authorization reflects our positive cash flow outlook and continued
confidence in Sealed Air's future growth opportunities."


        Sealed Air is engaged primarily in the manufacture and sale of a
complementary line of food, protective and specialty packaging materials
and systems.  To view the Company's latest financial news online via the
World Wide Web, visit http://www.cfonews.com/see.

Certain statements made by the Company in this press release are
forward-looking statements.  These statements include comments as to the
Company's beliefs and expectations as to future events and trends
affecting the Company's business.  These forward-looking statements are
based upon management's current expectations concerning future events
and trends and are necessarily subject to uncertainties, many of which
are outside the control of the Company.  The factors referred to in the
Company's Annual Report on Form 10-K for the year ended December 31,
1999 could cause actual results to differ materially from such
statements.

End