Elopak ASA

Elopak ASA: Launch of share buy-back programme

Elopak ASA (the "Company") has resolved to launch a buy-back programme for the

repurchase of up to 360,000 shares for a maximum aggregate amount of NOK

18,000,000. The buy-back will be conducted during the period from September

15, 2025, to and including September 30, 2025.

The buy-back will be conducted in accordance with the authorization given by

the Company's ordinary general meeting on May 14, 2025.

The shares acquired under the share buy-back programme 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 the Oslo Stock Exchange based on prevailing market

prices, to be conducted in accordance with applicable safe harbor conditions.

The share buy-back program will be managed by DNB Carnegie, which will make

its trading decisions regarding the timing of the share repurchases

independently of, and without influence by, the Company.

For further information, please contact:

Christian Gjerde, Head of Treasury and Investor Relations

Tel: +47 980 60 909

This information is subject to disclosure under the Norwegian Securities

Trading Act, §5-12. The information was submitted for publication at

2025-09-15 08:00 CEST.

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 2,850 people and sells 16 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.

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