Covalence Specialty Materials Announces Third Fiscal Quarter 2006 Conference Call Arrangements

Thursday August 10, 4:30 pm ET

PRINCETON, N.J., Aug. 10 - Covalence Specialty Materials Corp. ("Covalence") today announced it will host a third fiscal quarter 2006 conference call to discuss operating results on Monday, August 14, 2006, at 11:00 am Eastern time. Covalence will release its financial results for the third fiscal quarter of 2006 before the market opens on August 14, 2006. The toll-free number for the call is (888) 455-3614 (Passcode: Covalence). A replay of the call will be available until Monday, August 28, 2006, by dialing (800) 308-7861.

About Covalence

Covalence, with a workforce of approximately 7,000 people in 38 manufacturing facilities, is a major producer of a wide range of products, including polyethylene-based films, industrial tapes, medical specialties, packaging, heat-shrinkable coatings and specialty laminates. Covalence is the number one producer domestically of trash bags, duct tape and niche laminated and coated products. Among its leading brands are Ruffies® and Rhino-X® trash bags; Film-Gard® plastic sheeting; Nashua® tapes; Covalence Raychem® (Raychem is a trademark of Tyco Electronics Corporation and used under license by Covalence) heat-shrinkable coatings; Polyken® pipeline coatings; Thermo-Ply® and Energy-Brace® wall sheathing; as well as R-Wrap® and Barricade® housewraps. http://www.covcorp.com

     Investor Relations Contact:
     David S. Graziosi
     Chief Financial Officer
     609-806-2347

This press release contains certain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) relating to Covalence that are based on the beliefs of Covalence's management. When used in this press release, the words "may," "will," "should," "expect," "intend," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or similar expressions identify forward-looking statements. Such statements reflect the current views of Covalence's management with respect to the Company's operations and results of operations regarding the plastic film industry, economy, interest rates, availability of consumer credit, employment trends, levels of consumer confidence, consumer preferences, raw material costs and availability, market acceptance of price increases, national and regional trends, level of competition within its market, availability of alternative plastics film products, its level of indebtedness, costs of environmental compliance, increase in capital expenditure requirements, shifts in market demand, and general economic conditions. These statements are subject to certain risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described herein as expected, intended, estimated, anticipated, believed or predicted.