Gundle/SLT Reports Fourth Quarter Earnings

Date: February 5, 2004

Source: News Room

Gundle/SLT Environmental, Inc. (NYSE: GSE) has announced a net income of $3.4 million, or $.28 per diluted share, for its fourth quarter ended December 31, 2003. This compares to a net loss of $1.5 million, or $.13 per diluted share, for the same period in 2002. The 2002 quarter's net loss included an extraordinary loss of $2.5 million, or $.21 per diluted share, for adjustments to the purchase price of Serrot International, Inc. Revenues for the fourth quarter of 2003 were $56.0 million up from $52.4 million for the same quarter of 2002.
More information: www.gseworld.com.

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