ORORA LIMITED — Capital/Financing Update 2015

Apr 30, 2015

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NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES

1 May 2015

Orora plans to enter the US Private Placement market for US$250 million

Orora Limited advises that it plans to raise US$250 million debt in the US Private Placement market.

Orora has accepted bids from investors to issue notes for US$100 million with an eight year maturity, and US$150 million with a 10 year maturity, with funding targeted for July 2015, subject to completion of confirmatory due diligence by investors.

The funds will remain in US dollars, providing a natural hedge for Orora's US assets and earnings.

When finalised, the company intends to use the funds to replace outstanding drawn borrowings under existing bank debt facilities maturing in December 2016 and 2018, and for general corporate purposes.

Orora’s Managing Director and CEO, Nigel Garrard said “This is an excellent outcome for Orora within our first 18 months as a listed company, demonstrating confidence in our customer-led growth strategy. The transaction adds diversity to our funding sources and increases the average debt maturity profile”.

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Company contacts:

Media enquiries Clayton Ford Group Manager, Corporate Affairs

T: +61 3 9811 7189 M: +61 437 251 244

Investor enquiries Stuart Hutton Chief Financial Officer

T: +61 3 9811 7271 M: +61 439 500 283

About Orora Limited

Orora Limited is a leader in innovative packaging solutions, employing 5,500 people across 122 sites in seven countries. Orora supplies a broad range of fibre, metal and glass packaging solutions, as well as packaging-related services including distribution and recycling. The team at Orora prides itself on innovation, working closely with its customers to deliver design and engineering services that ultimately improve the way people consume products in everyday life. Orora is headquartered in Melbourne, Australia and is listed on the Australian Securities Exchange. Please visit www.ororagroup.com.

Orora Limited www.ororagroup.com

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