Decora Industries Reviews Milestone Year at Annual Shareholders' Meeting; First Annual Meeting Since Acquisition of Con-Tact Brand Highlights Dramatic Growth.

CLEVELAND--(BUSINESS WIRE)--Sept. 28, 1998--Decora Industries Inc. (Nasdaq:DECO), a worldwide leader in decorative consumer self- adhesive products, Monday held its fiscal 1998 annual shareholders' meeting, its first since acquiring the Con-Tact brand of self-adhesive decorating products from Rubbermaid Inc. (NYSE:RBD) in April 1998.

Held at the Desmond Hotel in Albany, N.Y., and chaired by Decora Chairman Nathan Hevrony, the meeting covered a year of dramatic growth for the company.

Besides the Con-Tact acquisition, fiscal 1998 saw Decora's acquisition of the assets of Konrad Hornschuch AG of Germany, the largest independent vertically integrated manufacturer of self- adhesive decorative coverings in Europe and the maker of d-c-fix, a brand as well known in Europe as Con-Tact is in the United States.

The acquisitions have transformed the company from a $41 million- in-revenues contract manufacturer, primarily producing Con-Tact paper for Rubbermaid, to a vertically integrated world leader in decorative coverings with pro forma revenues for the year ended Dec. 31, 1997, estimated at $192.2 million.

"We are proud to own two of the world's best-known decorative- product brands," said Hevrony at the meeting. In addition to reviewing the acquisitions that have transformed the company into "a new Decora Industries," management reviewed the following highlights:

-- complementary additions to Decora's executive team for the

management of the newly acquired Rubbermaid Decorative Coverings

Group (DCG);

-- the launch of a comprehensive marketing program to leverage the

high consumer recognition and brand equity of the Con-Tact brand

name; and

-- the company's strong portfolio of industrial and OEM products,

including Skai specialty processed films for automotive customers

including Audi, Mercedes-Benz and BMW, as well as Wearlon release

coatings for industrial and anti-graffiti applications.

Decora Industries is a leading manufacturer and marketer of self- adhesive consumer surface-covering products including the prominent brands Con-Tact and d-c-fix. The company also manufactures specialty industrial products utilizing its proprietary pressure-sensitive, self-adhesive release and protective coating technologies, which include Decora's proprietary Wearlon release coating system.