Elopak ASA

Capital/Financing Update • Oct 18, 2024

Elopak ASA: Tap issue of senior unsecured green bonds

Elopak ASA: Tap issue of senior unsecured green bonds

Elopak ASA (“Elopak”, ticker: ELO) has today successfully completed a tap issue of NOK 200 million of the senior unsecured green bonds with ISIN NO0013234518 and with maturity date 28 May 2029.

The tap issue was completed at a price corresponding to a spread above 3 months Nibor + 1.30% p.a. The outstanding amount after the transaction is NOK 1.450 million and the settlement date for the tap issue will be 25 October 2024.

An amount equal to the net proceeds from the green tap issue will be used in accordance with Elopak’s Green Bond Framework, including inter alia refinancing of debt originally incurred to finance such green projects. The bonds will be swapped to EUR.

Danske Bank acted as Sole Manager for the transaction.

For further information, please contact:

Christian Gjerde, Head of Treasury and Investor Relations

E-mail: christian.gjerde@elopak.com

Tel: +47 980 60 909

Elopak ASA

Oslo, October 18, 2024

About Elopak

Elopak is a leading global supplier of carton packaging and filling equipment. The company’s iconic Pure-Pak® cartons are made using renewable, recyclable and sustainably sourced materials, providing a natural and convenient alternative to plastic bottles that fits within a low carbon circular economy.

Founded in Norway in 1957, Elopak was listed on the Oslo Stock Exchange in 2021. Today it employs 2,700 people and sells in excess of 14 billion cartons annually across more than 70 countries.

Elopak is a UN Global Compact participant member. We have set Science Based Targets to reduce emissions in line with the 1.5 degree trajectory, and aim to be Net-Zero by 2050. In 2023, we achieved a gold rating by EcoVadis and were rated top 2% sustainable companies in the world.

For more information, go to www.elopak.com or follow us @Elopak on LinkedIn.