Royal Group appoints Tom Cryer as a director

TORONTO, Aug. 9  /PRNewswire-FirstCall/ -- Royal Group Technologies Limited (RYG-TSX; RYG-NYSE) today announced the appointment of Thomas W. Cryer to its Board of Directors. Mr. Cryer's appointment is the most recent step in Royal Group's board renewal, joining four other new independent directors who were added to the Board in May. He has also agreed to serve on Royal Group's audit committee which is chaired by Graham Savage.

"Mr. Cryer is a truly great addition to Royal Group's Board of Directors as we will be able to call on his nearly four decades of experience in the accounting profession, including a series of progressively senior executive responsibilities at Deloitte and Touche, where he was a partner," said Robert Lamoureux, Chairman of Royal Group's Board. "During his career at Deloitte and Touche and elsewhere, he has operated in regional and global business environments, and been actively involved in dealing with current governance and financial reporting issues and requirements."

Mr. Cryer is currently the Executive Chairman of Deloitte and Touche's captive global insurance company, Nautilus Indemnity Holdings, chairing a Board comprising leaders from 13 countries in overseeing its operations.

Born in Vancouver, Mr. Cryer earned a Bachelor of Commerce degree from the University of British Columbia and subsequently earned the Chartered Accountant designation in British Columbia. The Ontario Institute of Chartered Accountants awarded him the designation of Fellow Chartered Accountant in 1991, recognizing his professional experience. With Deloitte and Touche, Mr. Cryer's responsibilities have ranged from being an audit partner and working on mergers and acquisitions early in his career to a series of senior positions, including serving as a member of its executive committee and Board of Directors; Chief Executive and Managing Partner, Canada (1988-1996); Chairman of the Canadian operations (1997-1998); Global Managing Partner, Assurance and Advisory Services; Managing Partner, Latin America and Caribbean and Chairman, Latin America Board of Management.

Mr. Cryer also is or has been active with an extensive number of professional associations and charitable organizations, including The Canadian Council of CEOs, World Economic Forum, the Institutes of Chartered Accountants in B.C. and Ontario, the Canadian Mental Health Association, and St. John's Ambulance, which presented him with its Order of St. John merit award for outstanding community service.

Royal Group Technologies is a manufacturer of innovative, polymer-based home improvement, consumer, and construction products. The company has extensive vertical integration, with operations dedicated to provision of materials, machinery, tooling, real estate, and transportation 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 Group 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 ongoing shareholder value maximization process and its outcome; the outcome of the ongoing internal review and investigations by the Special Committee of the Board of Directors; the outcome of the ongoing assessment and review of the Royal Building System's compliance with the smoke generated elements of the US building code and the safety of buildings constructed with the Royal Building System; fluctuations in the level of renovation, remodelling 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; changes in product mix; the growth rate of the markets into which Royal Group'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 at August 9, 2005 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: Mark Badger, Vice President of Marketing and Corporate

Communications, Royal Group Technologies Limited, Phone [phone]

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