Ball Corporation Board Elects Two New Officers, Promotes Two Others and Declares Dividend; Shareholders Re-Elect Four Directors

BROOMFIELD, Colo., April 25 /PRNewswire-FirstCall/ -- Ball Corporation's (NYSE: BLL) board of directors elected two new corporate officers and promoted two others during their meeting today at Ball's corporate headquarters in Broomfield. Also today, the corporation's shareholders elected four of the directors to new three-year terms at Ball's annual meeting, and the board approved a quarterly dividend.

Lisa A. Pauley was elected vice president, administration & compliance. Leroy J. Williams was elected vice president, information technology and services. John A. Hayes and Harold Sohn were promoted to senior vice president.

Hanno C. Fiedler; John F. Lehman; Georgia R. Nelson; and Erik H. van der Kaay were elected to board terms that will expire at the corporation's 2010 annual meeting.

The dividend of 10 cents per share is payable June 15, 2007, to shareholders of record on June 1, 2007.

Pauley began her career at Ball in 1981 in the corporation's aerospace division in Boulder, Colorado, and was that unit's vice president, finance and administration, prior to 2004 when she joined the corporate staff as senior director, administration and compliance.

Williams has been vice president, information systems, for Ball Packaging Products, Americas, since joining the company in 2005. Prior to that he held several senior positions in Colorado state government, including secretary of technology and chief information officer.

Hayes has been a vice president of the corporation since 2000 and president of Ball Packaging Europe since 2005. His new title is senior vice president, Ball Corporation, and president, Ball Packaging Europe. He joined Ball in 1999 and held positions in corporate planning, strategy, marketing and development before becoming head of Ball's European packaging business.

Sohn has been a vice president of the corporation since 1993. His new title is senior vice president, corporate relations. He joined the company 1977 and has served in public relations, industry affairs and corporate relations positions throughout his career.

Ball will report its first quarter 2007 results on April 26 (see conference call details below).

Ball Corporation is a supplier of high-quality metal and plastic packaging products and owns Ball Aerospace & Technologies Corp. Ball Corporation and its subsidiaries employ more than 15,500 people worldwide and reported 2006 sales of $6.6 billion.

Conference Call Details

Ball Corporation will hold its regular quarterly conference call on the company's results and performance tomorrow at 9 a.m. Mountain Time (11 a.m. Eastern). The North American toll-free number for the call is 800-263-9160. International callers should dial 212-676-4900. For those unable to listen to the live call, a taped rebroadcast will be available until 11 a.m. Mountain Time on May 3, 2007. To access the rebroadcast, dial 800-633-8284 (domestic callers) or +1-402-977-9140 (international callers) and enter 21333853 as the reservation number.

    Please use the following URL for a Web cast of the live call and for the
replay:
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-
eventDetails&c=115234&eventID=1507344

A written transcript of the call will be posted within 48 hours of the call's conclusion to Ball's Web site at www.ball.com in the investor relations section under "presentations."

Forward-Looking Statements

This release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements. Such statements are subject to risks and uncertainties which could cause actual results to differ materially from those expressed or implied. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key risks and uncertainties are summarized in filings with the Securities and Exchange Commission, including Exhibit 99.2 in our Form 10-K, which are available at our Web site and at www.sec.gov. Factors that might affect our packaging segments include fluctuation in consumer and customer demand and preferences; availability and cost of raw materials, including recent significant increases in resin, steel, aluminum and energy costs, and the ability to pass such increases on to customers; competitive packaging availability, pricing and substitution; changes in climate and weather; crop yields; industry productive capacity and competitive activity; failure to achieve anticipated productivity improvements or production cost reductions, including those associated with our beverage can end project; the German mandatory deposit or other restrictive packaging laws; changes in major customer or supplier contracts or loss of a major customer or supplier; and changes in foreign exchange rates, tax rates and activities of foreign subsidiaries. Factors that might affect our aerospace segment include: funding, authorization, availability and returns of government and commercial contracts; and delays, extensions and technical uncertainties affecting segment contracts. Factors that might affect the company as a whole include those listed plus: accounting changes; successful or unsuccessful acquisitions, joint ventures or divestitures; integration of recently acquired businesses; regulatory action or laws including tax, environmental and workplace safety; governmental investigations; technological developments and innovations; goodwill impairment; antitrust, patent and other litigation; strikes; labor cost changes; rates of return projected and earned on assets of the company's defined benefit retirement plans; pension changes; reduced cash flow; interest rates affecting our debt; and changes to unaudited results due to statutory audits or other effects.

SOURCE Ball Corporation

Released April 25, 2007