Checkpoint Systems in Receipt of 98.3% of All Outstanding Shares in Meto AG Tender Offer; Offer Extended To Await Clearance from German Regulatory Authority.

THOROFARE, N.J.--(BUSINESS WIRE)--Oct. 27, 1999--

Checkpoint Systems, Inc. (NYSE: CKP), announced that on October 20, 1999, the expiration date of the acceptance period for its cash tender offer to acquire all outstanding shares of Meto AG (Meto), Checkpoint has received 98.3% acceptance for the outstanding shares. The offer has been extended until November 30, 1999, to allow time to receive clearance from the German competition authorities, which Checkpoint anticipates receiving by the end of November. Of all the approvals required prior to closing, only Germany is outstanding.

Assuming that Checkpoint announces that the conditions to the Offer have been met, or that Checkpoint has otherwise decided to implement the Offer, on or about December 3, 1999, settlement of accounts will begin on or about December 7, 1999.

If the German competition authorities clear the Offer before the expiration of the last day of the extended acceptance period, i.e. before November 30, 1999, Checkpoint intends, following such clearance, to immediately declare the Offer implemented and commence settlement of accounts with those shareholders that so far have accepted the Offer. Settlement of accounts with those shareholders accepting the Offer thereafter will commence as soon as possible following the expiration of the extended acceptance period.

Meto AG is a $375 million (C349.2 million) multinational company that manufactures and markets labeling systems designed to improve efficiency, reduce costs and provide value-added label solutions for customers across many markets and industries. Applications include automatic identification, retail security, and pricing and promotional labels. Operating in 21 countries, Meto has a global network of subsidiaries and provides professional customer service and technical support around the world.

Checkpoint Systems, Inc., is a leading provider of integrated security solutions for retailers worldwide, and is a leading provider of RF source tagging, which allows its paper-thin RF tags to be embedded into product packaging. More than 350,000 Checkpoint RF EAS systems are installed worldwide.

Safe Harbor Statement for Checkpoint Systems, Inc.

-------------------------------------------------

This press release may include information that could constitute forward-looking statements made within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the Company's Security and Exchange Commission filings.