Royal Group Technologies Announces Dunsmuir Resignation From Board

Royal Group Technologies Announces Dunsmuir Resignation From
Board 


TORONTO, Dec. 17  /PRNewswire-FirstCall/ -- Royal Group Technologies Limited
(Royal Group or the company) (RYG.SV-TSX, RYG-NYSE) today announced that
Douglas Dunsmuir, the company's former President and Chief Executive Officer,
has agreed to the company's request to resign from its Board of Directors.

On November 29, 2004, the Special Committee of independent directors of Royal
Group announced that it had terminated Mr. Dunsmuir, as well as Vic De Zen as
Chairman and Ron Goegan as Senior Vice-President and Chief Financial Officer,
and had requested the resignations of all three from the Board. At this time,
only Mr. Dunsmuir has tendered his resignation as a director.

Royal Group Technologies Limited is a manufacturer of innovative, polymer-based
building products, serving the home improvement, consumer and construction
sectors of the market. The Company has extensive vertical integration, with
operations dedicated to provision of materials, machinery, tooling, real
estate, and distribution services to its plants producing finished products.
Royal Group's manufacturing facilities are primarily located throughout North
America, with international operations in South America, Europe, and Asia.
Additional investment information is available on Royal Group's web site at
http://www.royalgrouptech.com/ under the "Investor Relations" section.

The information in this document contains certain forward-looking statements
with respect to Royal Group Technologies Limited, its subsidiaries and
affiliates. These statements are often, but not always made through the use of
words or phrases such as "expect", "should continue", "continue", "believe",
"anticipate", "estimate", "contemplate", "target", "plan", "budget", "may",
"will", "schedule" and "intend" or similar formulations. By their nature, these
forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by management, are inherently
subject to significant, known and unknown, business, economic, competitive and
other risks, uncertainties and other factors affecting Royal specifically or
its industry generally that could cause actual performance, achievements and
financial results to differ materially from those contemplated by the
forward-looking statements. These risks and uncertainties include the outcome
of the ongoing internal review and investigations by the Special Committee of
the Board of Directors; fluctuations in the level of renovation, remodeling and
construction activity; changes in product costs and pricing; an inability to
achieve or delays in achieving savings related to the cost reductions or
increases in revenues related to sales price increases; the sufficiency of our
restructuring activities, including the potential for higher actual costs to be
incurred in connection with restructuring activities compared to the estimated
costs of such actions; the ability to recruit and retain qualified employees;
the level of outstanding debt and our current debt ratings; the ability to meet
the financial covenants in our credit facilities; the ability to successfully
replace our syndicated credit facility; changes in product mix; the growth rate
of the markets into which Royal's products are sold; market acceptance and
demand for Royal's products; changes in availability or prices for raw
materials; pricing pressures resulting from competition; difficulty in
developing and introducing new products; failure to penetrate new markets
effectively; the effect on foreign operations of currency fluctuations,
tariffs, nationalization, exchange controls, limitations on foreign investment
in local business and other political, economic and regulatory risks;
difficulty in preserving proprietary technology; adverse resolution of any
litigation, investigations, administrative and regulatory matters, intellectual
property disputes, or similar matters; changes in securities or environmental
laws, rules and regulations; currency risk exposure and other risks described
from time to time in publicly filed disclosure documents and securities
commission reports of Royal Group Technologies Limited and its subsidiaries and
affiliates. In view of these uncertainties we caution readers not to place
undue reliance on these forward-looking statements. Statements made in this
document are made as of December 17, 2004 and Royal disclaims any intention or
obligation to update or revise any statements made herein, whether as a result
of new information, future events or otherwise. 

DATASOURCE: Royal Group Technologies Limited



CONTACT: James Sardo, Chairman of the Special Committee of Independent

Directors, Interim Chief Executive Officer, Royal Group Technologies Limited,

[phone]; or Richard W. Wertheim, Wertheim + Company Inc.,

[phone], [phone] (cell)

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