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ROYAL GROUP        Version: 1            Effective Date:             Page 1 of 4

TECHNOLOGIES                             OCTOBER 1, 2003

  LIMITED

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                   Title:

    RGTL              CODE OF ETHICS FOR OUR PRINCIPAL EXECUTIVE

   POLICY             OFFICERS AND SENIOR FINANCIAL OFFICERS

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1.       PURPOSE AND SCOPE



1.1      Purpose. The purpose of this Code of Ethics to establish minimum

         guidelines of business conduct required of Royal Group Technologies

         Limited's ("Royal") Principal Officers (as defined below) in the

         conduct of Royal's business. The Principal Officers bear a special

         responsibility for promoting transparency, integrity and honesty

         throughout Royal and ensuring that Royal's disclosure in the reports

         that it files or submits to the Canadian Securities Administrators

         ("CSA") and/or the U.S. Securities and Exchange Commission ("SEC") is

         full, fair, accurate, timely and understandable.



1.2      Scope. This Code of Ethics is applicable to the Royal's chief executive

         officer, president, chief financial officer, controller or principal

         accounting officer, or any person performing similar functions (which

         are referred to in this Code of Ethics as "Principal Officers").

         References in this Code of Ethics to Royal mean Royal Group

         Technologies Limited or any of its subsidiaries.



1.3      Changes or Waivers. In accordance with the rules of the SEC, any change

         in or waiver of this Code will be disclosed in our annual report on

         Form 40-F. A waiver of this Code of Ethics will only be granted by

         Royal's Board of Directors or the Nomination and Corporate Governance

         Committee of the Board. In addition, a copy of this Code will be filed

         as an exhibit to Royal's annual report on Form 40-F or posted on

         Royal's website (in which case, Royal must also disclose in its annual

         report the internet address of its website and that it has posted the

         Code in this manner) or an undertaking will be provided by Royal in its

         annual report on Form 40-F to provide a copy without charge upon

         request.





2.       CONFLICTS OF INTEREST



2.1      A conflict of interest occurs when your personal interests interfere,

         or appear to interfere, in any way, with the interests of Royal. A

         conflict of interest can arise either when you have interests that may

         make it difficult for you to perform your professional obligations

         fully or when you otherwise take action for your direct or indirect

         benefit or the direct or indirect benefit of a third party that is

         inconsistent with the interests of Royal. Conflicts of interest also

         arise when you, or a member of your family, receive improper personal

         benefits as a result of your position at Royal. Loans to, or guarantees

         of obligations of, any employees, officers, directors or any of their

         family members are likely to pose conflicts of interest, as are

         transactions of any kind between Royal and any other entity in which

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