FOR IMMEDIATE RELEASE
May 27, 2003

CSS Industries, Inc. Approves 3 for 2 Common Stock Split and Declares Quarterly Cash Dividend

The Board of Directors of CSS Industries, Inc. (NYSE: CSS) today approved a three for two stock split distributable on July 10, 2003 to stockholders of record at the close of business on June 30, 2003. Any fractional share interest resulting from this distribution will be paid in cash in lieu of issuing fractional shares in an amount based on the closing price of the Company’s Common Stock on June 30, 2003, or if the Common Stock is not traded on that date, then on the last date that the Common Stock is traded prior to June 30, 2003.

In addition, the Board of Directors today declared a quarterly dividend of ten cents per share on its pre-split outstanding Common Stock payable on June 27, 2003 to stockholders of record at the close of business on June 16, 2003.

Commenting on these actions, David J. M. Erskine, President and Chief Executive Officer of the Company, said “The market has recognized our performance by an increase in our share price over the last three years. We have decided to split our Common Stock to improve liquidity and to make these shares more affordable and attractive to investors. Also, we are again pleased to provide a quarterly cash dividend so that our stockholders can continue to enjoy this return on their investment.”

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