Industry News

Applied Extrusion Technologies, Inc. (AET Films) Changes Name to Taghleef Industries Inc

Dubai, UAE and Wilmington, DE – Applied Extrusion Technologies, Inc.
(AET Films) is pleased to announce today that the company name has changed to Taghleef
Industries Inc. for operations in the United States, and Taghleef Industries Canada Inc. for our
company in Canada.

As previously announced, Taghleef Industries (Ti) had entered into an agreement to acquire AET
Films, and finalized that transaction on May 31, 2012. This company name change reflects the
further integration of our Americas business into the global Ti organization, as we service and
supply our customers around the world, and continue to develop the products, systems, and
packaging solutions in our target markets.

AET Films, now Taghleef Industries Inc. in the Americas, is a leading supplier in North America of
specialized oriented polypropylene (OPP) films used primarily in flexible packaging for food, product
labeling, and non-food applications. Headquartered in Wilmington, DE, the company provides
supply chain value through the application of advanced polymer technology, world-class
manufacturing capabilities, and unmatched service organizations as we supply the packaged food,
beverage, and other consumer goods markets. As a market leader in the Americas, Taghleef
Industries Inc. will continue to service and supply many of the leading converters and world’s
largest consumer product companies, while continuing the development of innovative products
that our customers have come to expect.