Elopak ASA

Transaction in Own Shares • Oct 6, 2023

ELOPAK ASA: Transactions update under- and completion of share buy-back program

ELOPAK ASA: Transactions update under- and completion of share buy-back program

Oslo, October 6, 2023: On September 11, 2023, Elopak ASA (the "Company") announced the launch of a share buy-back program for the repurchase of up to 300,000 shares for a maximum aggregate amount of NOK 9,000,000, to meet the Company's obligations under its long-term incentive plan. Deadline for completion of the buy-back was October 4, 2023.

The share buy-back program as announced on September 11, 2023 is now completed.

Under the share buy-back program, the Company purchased a total of 260,540 own shares at Oslo Børs at an average price of NOK 22.65 per share. Following the completion of such transactions, the Company owns a total of 266,059 own shares, corresponding to 0.1% of the Company's share capital.

Please see details enclosed regarding transactions conducted under the buy-back program, detailing the transaction on an aggregate daily basis as well as a comprehensive list of all transactions.

For further information, please contact:

Mirza Koristovic, Head of Investor Relations

E-mail: investors@elopak.com

Tel: +47 93 87 05 25

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 2,600 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 2021, we achieved a platinum rating by EcoVadis making Elopak top 1% sustainable companies in the world.

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