Elopak ASA

M&A Activity • Dec 30, 2022

Elopak ASA – Update on the sale of Russian operations

Elopak ASA – Update on the sale of Russian operations

Reference is made to the stock notice on July 15, 2022 regarding the agreement for the sale of all of Elopak's shares in its Russian subsidiary, JSC Elopak.

Elopak has received information that an informal governmental approval has been conveyed to the buyer. Elopak therefore expects to receive the necessary formal governmental approval for the completion of the transaction shortly and the parties are working towards an expedient completion of the transaction, which is now expected to take place in Q1 2023.

Contacts:

Mirza Koristovic, Head of Investor Relations at +47 93 87 05 25 or investors@elopak.com.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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 2,500 people and sells in excess of 14 billion cartons annually across more than 70 countries.

Elopak is a UN Global Compact participant with a platinum EcoVadis rating and has been carbon neutral since 2016. For more information, go to elopak.com or follow us @Pure_Pak on Twitter and @Elopak on LinkedIn.