Airspray To Establish Level-I ADR Facility; Stock More Readily Available to U.S. Investors.

Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 27, 2003

Airspray announces plans to establish a sponsored Level-I American Depositary Receipt in the United States.

The F-6 registration statement covering the ADR has been filed with the U.S. Securities and Exchange Commission, and has not yet become effective. Through this program, with The Bank of New York as depositary, depositary receipts representing Airspray shares will be traded on the "Over-the-Counter" market in the United States. Trading in Airspray ADR's, each representing one ordinary share, is expected to start in February under the symbol "AYAKY".

The commercial presence of Airspray in the United States, combined with the well-published success of the Airspray dispensers in the liquid hand soap and other markets, has led to significant interest for Airspray shares by U.S. investors.

Airspray is establishing a Sponsored Level-I Depositary receipt program to improve the accessibility of Airspray shares for U.S. investors. Trading in Airspray ADR's, each representing one ordinary share, is expected to start in February under the symbol "AYAKY".

In compliance with SEC requirements, Airspray will continue to provide English translations of the information that is made available to Euronext Amsterdam, where the company's ordinary shares are currently traded. The Sponsored Level-I ADR program will not require Airspray to change its current reporting and accounting processes.

The Bank of New York will actively seek market makers and promote the stock.

Airspray profile

Airspray is a worldwide leader in the design and manufacture of high value-added, innovative dispensers. Airspray sells its products to producers of consumer products. Clients include multinationals such as Unilever, Wella, Colgate, L'Oreal, Henkel-Schwarzkopf and Johnson & Johnson. Currently, Airspray employs 100 people.

Airspray is a "technology-driven" enterprise. During its 19-year existence, Airspray has developed expertise in R&D, in bringing innovative dispensing solutions to mass production and in their worldwide marketing. Airspray now has a wide range of dispenser types that all operate without gas propellants. Airspray has been listed on the Euronext Amsterdam since 28 May 1998.