Press Release

CIGNA to Manage Menasha Corporation's Retirement Plans

HARTFORD, CT, December 5, 2002 -- CIGNA Retirement & Investment Services announced that it has been chosen to be the retirement plan provider for Menasha Corporation's defined benefit and 401k defined contribution plans. Menasha Corporation, which is headquartered in Neenah, WI, is a holding company comprising four principal companies and several investment companies.

As a result, CIGNA will manage combined plan assets of approximately $280 million for Menasha's more than 5,000 employees.

"One of our challenges is to provide integrated pension and retirement solutions that meet the needs of all the employees in the Menasha family of businesses," commented Deanna Johnson, Director of Benefits Strategy for Menasha. "CIGNA's experience and proven reputation in administering plans like ours, along with its best-in-class investment management approach and commitment to providing education, tools and customer service that will help empower our employees to make informed investment decisions, made CIGNA the clear choice for us."

"We're honored Menasha has selected CIGNA as its pension and 401k provider. Our targeted communications materials and Web-based solutions, including our new portal that provides personalized access to account information and other tools, are ideal for a company like Menasha that has employees in multiple locations, at various life stages and with different investment needs," said Gail Lingle, Vice President of Sales for CIGNA Retirement & Investment Services. "Plus, our Due Diligence Advisor Program ensures our plans offer only best-in-class, top-quartile investments, which allows plan participants a little extra peace of mind in their retirement planning choices."

Menasha Corporation is a privately owned holding company with headquarters in Neenah, Wisconsin. It comprises four principal companies and several development companies that operate independently. Its principal companies are Menasha Packaging Company, ORBIS Corporation, Poly Hi Solidur, Inc., and Promo Edge Co. Founded in 1849, Menasha Corporation companies operate a total of 66 facilities in eight countries.

CIGNA Retirement & Investment Services, a division of CIGNA Corporation (NYSE: CI), is one of the nation's leading asset management and retirement services firms. The organization offers defined benefit, defined contribution and non-qualified plans, either on a stand-alone basis or as part of a complete retirement solution customized to the needs of plan sponsors and tailored to the needs of plan participants. With global invested assets of more than $81 billion, CIGNA Retirement & Investment Services provides retirement products to approximately 3,300 plan sponsors serving some 1.5 million plan participants through various subsidiaries of CIGNA Corporation, including Connecticut General Life Insurance Company. Security products are offered through CIGNA Financial Services, Inc. Member NASD/SIPC. Banking products are offered by CIGNA Bank & Trust Company, FSB.

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