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ALLTRISTA CORPORATION TO OFFER COMMISSION-FREE SELLING/PURCHASING PROGRAM TO HOLDERS OF FEWER THAN 100 SHARES

 MUNCIE, Ind., Aug. 18 /PRNewswire/ -- Alltrista Corporation (NASDAQ: JARS) will begin a 35-day program tomorrow to enable its shareholders who on Aug. 9 owned fewer than 100 shares to either sell those shares or acquire sufficient shares to reach 100, either commission free.
 Shareholder Communications Corporation of New York will manage the program, directed to approximately 7,200 shareholders of record, plus beneficial owners not having possession of certificates. The program will last through Sept. 22 unless extended.
 "Many shareholders own a relatively small number of Alltrista shares as a result of receiving one share for each four shares of Ball Corporation held at the time of our spin-off in April 1993," said William L. Peterson, chairman, president and chief executive officer. "Many in this group have retained our shares because of the cost or inconvenience of selling them or buying additional shares. This is the primary reason the selling/purchasing program is being offered. In addition, it will lower shareholder servicing costs."
 Peterson noted that the program would not reduce the equity base of the company since shares sold in response to the offer would be combined and resold in larger blocks. Details on the program are in a letter to be mailed Aug. 19 to each Alltrista shareholder who owns fewer than 100 shares.
 Alltrista Corporation has interests in metal, plastics and consumer products and industrial equipment. The company had 1992 sales of $269 million and employs approximately 1,400 people.
 -0- 8/18/93
 /CONTACT: Larry Miller of Alltrista Corporation, 317-281-5099, or 317-286-5856 after hours/
 (JARS)


CO: Alltrista Corporation ST: Indiana IN: HOU CHM SU:

AR -- CL008 -- 3859 08/18/93 10:59 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
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