Smurfit-Stone Reports Fourth Quarter Loss

Chicago -- Smurfit-Stone Container Corp. reported a net loss Jan. 29 available to common shareholders of $15 million, or $.06 per diluted share, for the fourth quarter of 2002. The figure compares to net income available to common shareholders of $14 million, or $.06 per diluted share for the fourth quarter of 2001. The company anticipated the sale of its European operations to Jefferson Smurfit Group, Dublin, and reclassified these operations as discontinued to record a loss on disposition of discontinued operations for 16 cents per diluted share. For details, visit the company's Web site:

www.smurfit-stone.com

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