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Forbes Recognizes Multi-Color Corporation as One of America's Best Small Companies

CINCINNATI October 26, 2005 - Forbes Magazine has recognized Multi-Color Corporation (NASDAQ:LABL) as one of America's best small companies. In their October 31, 2005 issue, Forbes ranked Multi-Color 41st in its listing of the "200 Best Small Companies in America." It is the second time in three years that Multi-Color has been listed in the Forbes rankings.

"Being included on the Forbes list is quite an achievement," said Frank Gerace, President and CEO of Multi-Color Corporation. "It reflects the hard work and dedication of everyone at Multi-Color. I want to thank all of our associates for their help in making our company one of the best small companies in America."

The Forbes list spotlights companies that deliver strong, consistent, and profitable growth. According to Forbes, the companies listed performed well when measured over the last 12 months and the past five years.

In addition to being ranked 41st overall, Multi-Color was ranked 32nd for five-year average return on equity (ROE). Forbes ranked Multi-Color's Board of Directors in the top 1% nationally for corporate governance.

The list features companies with revenue of between $5 million and $750 million. To be included, each company listed must have a net profit margin greater than 5% and share prices above $5 as of September 29, 2005.

About Multi-Color Corporation

Cincinnati, Ohio based Multi-Color Corporation is a premier global resource of innovative decorating solutions and packaging services to consumer product and food and beverage companies, national retailers and container manufacturers worldwide. Multi-Color is the world's largest producer of both in-mold labels (IMLs) and heat transfer labels (HTLs), and a major manufacturer of high-end cut-and-stack and pressure sensitive labels and shrink sleeves. The Company's Packaging Services Division, Quick Pak, is a leading provider of promotional packaging, assembly and fulfillment services. Multi-Color has nine manufacturing locations in the United States. Its products are shipped to more than 650 customers in the U.S., Canada, Mexico, Central and South America.

Complete Packaging Solutions

Multi-Color is a leading U.S. manufacturer of specialty packaging solutions for major global consumer-product companies for liquid detergents and laundry-care products, household cleaners, juices, and health and beauty aids. It sells its products in the United States, Canada, Mexico, Central and South America.