Anchor Glass Container Reports Results for Second Quarter 2003.

Business Editors

TAMPA, Fla.--(BUSINESS WIRE)--July 28, 2003

Anchor Glass Container Corporation today reported a net income of $1.3 million for the second quarter ended June 30, 2003 on net sales of $186.8 million. Operating income for the quarter was $11.9 million. The company intends to file its Form 10-Q by August 14, 2003.

Anchor Glass Container Corporation
Financial Summary
In millions of dollars. Unaudited.

Second Quarter ended June 30, 2003

Net sales                                            $186.8
Income from operations                                 11.9
Net income                                              1.3
Depreciation and amortization                          17.2


Balance sheet data at June 30, 2003

Total assets                                         $656.2
Total liabilities                                     595.8
Total debt                                            421.2
Total stockholders' equity                             60.4