X0202 4 2008-01-03 0000785787 AEP INDUSTRIES INC AEPI 0001408898 JMB Capital Partners Master Fund L.P. C/O SMITHWOOD ADVISERS, L.P. 1999 AVENUE OF THE STARS, SUITE 2040 LOS ANGELES CA 90067 0 0 1 0 0001335705 Smithwood Partners LLC 1999 AVENUE OF THE STARS SUITE 2040 LOS ANGELES CA 90067 0 0 1 0 0001024769 BROOKS JONATHAN 1999 AVENUE OF THE STARS SUITE 2040 LOS ANGELES CA 90067 0 0 1 0 0001362178 Smithwood Advisers, L.P. 1999 AVENUE OF THE STARS SUITE 2040 LOS ANGELES CA 90067 0 0 1 0 0001362164 Smithwood General Partner, LLC 1999 AVENUE OF THE STARS SUITE 2040 LOS ANGELES CA 90067 0 0 1 0 Common Stock 2008-01-03 4 P 0 3600 31.50 A 1019200 I See Footnotes These shares are owned directly by JMB Capital Partners Master Fund, L.P. (the "Master Fund"). Smithwood Partners LLC ("Partners LLC") is the General Partner of the Master Fund and Jonathan Brooks ("Brooks") is the Managing Member of Partners LLC. In addition, Smithwood Advisers, L.P. ("Advisers") is the Investment Adviser to the Master Fund. The General Partner of Advisers is Smithwood General Partner, LLC ("General Partner LLC") and Brooks is the Managing Member of General Partner LLC. Each of Partners LLC, Advisers, General Partner LLC and Brooks, by virtue of their relationships to the Master Fund may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 of the Securities Exchange Act of 1934) the shares directly owned by the Master Fund. Each of Partners LLC, Advisers, General Partner LLC and Brooks disclaim beneficial ownership of those securities in which they do not have a pecuniary interest and this report shall not be deemed an admission that they are the beneficial owner of these securities for purposes of Section 16, except to the extent of their pecuniary interest. /s/JMB Capital Partners Master Fund, L.P., By: Smithwood Partners, LLC, General Partner, By: Jonathan Brooks, Managing Member 2008-01-04 /s/Smithwood Partners, LLC, By: Jonathan Brooks, Managing Member 2008-01-04 /s/Smithwood Advisers, L.P., By: Smithwood General Partner, LLC, General Partner, By: Jonathan Brooks, Managing Member 2008-01-04 /s/Smithwood General Partner, LLC, By: Jonathan Brooks, Managing Member 2008-01-04 /s/ Jonathan Brooks 2008-01-04