Avery Dennison Confirms Investigation by Competition Authorities

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Avery Dennison Confirms Investigation by Competition Authorities

Wednesday, May 26, 2004

Press release from the issuing company

PASADENA, Calif.--May 25, 2004-- Avery Dennison Corporation confirmed that officials from the European Commission and relevant national competition authorities today visited and obtained documents from the Company's pressure-sensitive materials facilities in the Netherlands and Germany. The investigation appears to relate to alleged anticompetitive activities in the European paper and forestry products industry, including the adhesive label stock market. Based on published press reports, other paper and forestry products companies received similar visits today from European authorities. Avery Dennison is cooperating fully with the investigation.

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