FOR IMMEDIATE RELEASE
April 23, 2004

CSS Industries, Inc. Announces Replacement of Revolving Credit Facility and Extension of Accounts Receivable Securitization Facility

CSS Industries, Inc. (NYSE:CSS) announced today the replacement of its expiring revolving credit facility and the extension of its expiring accounts receivable securitization facility in transactions structured and arranged by PNC Capital Markets, Inc.

The Company’s expiring $100 million revolving credit facility has been replaced with a $50 million unsecured revolving credit facility with five banks. This facility expires on April 23, 2009.

The Company also entered into an extension of its expiring $100 million accounts receivable securitization facility. The extension is for a period of ninety days, and the Company plans to enter into a five-year renewal of this facility prior to the end of the extension period. During the ninety-day extension period, the facility limit has been reduced to $25 million. This reflects the Company’s plans to modify the facility to have a seasonally-adjusted funding limit of $100 million during peak seasonal periods and $25 million during off-peak seasonal periods.

Funding under the accounts receivable securitization facility is provided by Market Street Funding Corporation, the commercial paper conduit administered by PNC Bank, National Association. The Company accounts for this facility as a financing transaction in which funded amounts are reflected as a liability on the Company’s consolidated balance sheet.

“These facilities, along with our previously arranged $50 million senior term notes, provide a diversified, cost-effective source of funds for CSS,” commented Clifford E. Pietrafitta, CSS' Vice President-Finance and Chief Financial Officer. “These financing vehicles are well-tailored to meet our current needs and position us for future growth.”

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-up and novelties, educational products and Easter egg dyes and novelties.

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. Actual results could differ materially due to various factors that may arise during the term of the financing facilities and other factors described in the Company's Annual Report on Form 10-K for the year ended March 31, 2003.

FOR FURTHER INFORMATION CONTACT:
Vincent A. Paccapaniccia
Chief Financial Officer
tele: (215) 569-9900