Elopak ASA

Transaction in Own Shares • Sep 11, 2023

ELOPAK ASA: Launch of share buy-back program

ELOPAK ASA: Launch of share buy-back program

Oslo, September 11, 2023: Elopak ASA (the "Company") has resolved to launch a buy-back program for the repurchase of up to 300,000 shares for a maximum aggregate amount of NOK 9,000,000. The buy-back will be conducted during the period from September 11, 2023 to and including October 4, 2023.

The buy-back will be conducted in accordance with the authorization given by the Company's ordinary general meeting on May 11, 2023.

The shares acquired under the share buy-back program will be used to meet the Company's obligations towards employees who participate in the Company's long-term incentive plan.

Shares will be purchased on Oslo Børs based on prevailing market prices, to be conducted in accordance with applicable safe harbour conditions.

The share buy-back program will be managed by DNB Markets, which will make its trading decisions regarding the timing of the share repurchases independently of, and without influence by, the Company.

This information is subject to disclosure under the Securities Trading Act section 5-12.

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