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Royal Group to Delay Reporting of 2005 Financial Results.

Article Excerpt
Segmentation of Financial Results to be Changed to Align With Restructured Business Unit Portfolio

TORONTO, March 14 /PRNewswire-FirstCall/ -- Royal Group Technologies Limited (RYG: TSX; NYSE) today announced that it will not report its audited 2005 financial results on March 29, 2006, as it had previously expected and as was communicated in a news release issued by the Company on February 23, 2006. Royal Group advised that it expects that the reporting of its 2005 financial results, the filing of its 2005 Annual Report to Shareholders, the filing of its 2005 Annual Information Form and the filing of its 2005 Form 40-F will be delayed for up to 60 days.

The reporting delay is caused by the combined impact of a number of issues including, the complexity of accounting for the numerous divestitures completed and being pursued, write-downs related thereto, the decision to amend the segmentation of Royal Group's financial results to better represent operations going forward, discussions with the U.S. Securities and Exchange Commission ("SEC") related to segmented financial reporting and regulatory investigations.

Royal Group noted that it is currently in discussions with the SEC regarding SEC comments with respect to Royal Group's 40F for the year ended December 31, 2004, and its 2005 quarterly filings. The SEC's comments relate primarily to Royal Group's audited historical financial statements, including segmented financial presentation and evaluating the carrying value...