[GRAPHIC OMITTED]Russell-Stanley                Russell-Stanley Holdings, Inc.
                                                685 Route 202/206
                                                Bridgewater, NJ  08807-1762

                                                Contact:  Ron Litchkowski
                                                (908) 203-9500


                                Press Release

      Russell-Stanley Restructuring Plan Supported by 99% of Note Holders

                     Expiration of Exchange Offer Extended

Bridgewater, New Jersey, November 1, 2001--Russell-Stanley Holdings, Inc.
today announced that it extended the expiration time of its exchange offer to
holders of its 10 7/8% Senior Subordinated Notes due 2009 (the "Old Notes") and
its solicitation of releases and the voting deadline for votes on its
prepackaged plan of reorganization. The expiration time of the exchange offer
and the voting deadline are now 5:00 p.m., New York City time, on November 2,
2001, unless further extended. The Company is offering to exchange for each
holder's pro rata share of $150 million aggregate principal amount of Old
Notes a pro rata share of $20 million aggregate principal amount of new 9%
Senior Subordinated Notes due 2008 and 3,000,000 shares of common stock. To
date, approximately 99.1% of the aggregate principal amount of the Old Notes
have been tendered in the exchange offer.

The 9% Senior Subordinated Notes due 2008 and common stock will not be
registered under the Securities Act or applicable state securities laws, and
may not be offered or sold in the United States absent registration under the
Securities Act and applicable state securities laws or available exemptions
from such registration requirements.


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Russell-Stanley Holdings, Inc. is a leading manufacturer and marketer of
plastic and steel containers and a leading provider of related container
services in the United States and Canada.


This press release includes forward-looking statements for the purposes of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. We have based these forward-looking statements on our
current expectations and assumptions about future events. Although we believe
our expectations and assumptions are reasonable, we cannot assure you that our
expectations and assumptions will prove to have been correct. We do not intend
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.