FOR IMMEDIATE RELEASE
February 27, 2003

CSS Industries, Inc. Reinstitutes Dividend on its Common Stock and Authorizes Additional Common Stock Repurchases

The Board of Directors of CSS Industries, Inc. (NYSE: CSS) today declared a dividend of ten cents per share on its outstanding Common Stock payable on March 20, 2003 to its stockholders of record on the close of business on March 14, 2003.

Commenting on this action, David J. M. Erskine, President and Chief Executive Officer of the Company, said “Our cash flow and earnings per share growth have been strong. By our reinstituting a regular quarterly dividend, existing stockholders will enjoy a regular return on their investment. In addition, our stock could become attractive to those additional investors who prefer regular cash returns.”

The Board of Directors also authorized a buyback of up to 400,000 shares of the Company’s Common Stock at prices and pursuant to other terms and conditions that the Company’s officers deem appropriate. This authorization is in addition to the previously authorized repurchases of up to 4,100,000 shares of which 3,899,051 shares have been repurchased. Any such buyback is subject to compliance with applicable regulatory requirements and relevant covenants contained in the Company’s credit facilities. There are 7,678,560 shares of the Company’s Common Stock presently outstanding.

CSS is a consumer products company primarily engaged in the manufacture and sale to mass market retailers of seasonal, social expression products, including gift wrap, gift bags, boxed greeting cards, gift tags, tissue paper, paper and vinyl decorations, classroom exchange Valentines, decorative ribbons and bows, Halloween masks, costumes, make-ups and novelties, educational products and Easter egg dyes and novelties.

All statements other than statements of historical fact included in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company’s management. Actual events or results may differ materially from those discussed in forward-looking statements as a result of various factors, including without limitation, general market conditions, increased competition, and other factors described in the Company’s Annual Report on Form 10-K/A for the fiscal year ended March 31, 2002.

FOR FURTHER INFORMATION CONTACT:
David J. M. Erskine
President and Chief Executive Officer
tele: (215) 569-9900