ORORA LIMITED — Share Issue/Capital Change 2020

Nov 3, 2020

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4 November 2020

Orora Limited (ASX: ORA , the Company ) wishes to advise that in accordance with the Company’s Short Term Incentive Plan, Long Term Incentive Plan and Long Term Incentive Rights Plan (together the Employee Incentive Plans ):

• some options, as set out below, have vested and been exercised after the satisfaction of performance conditions under the Employee Incentive Plans; and

• some rights, as set out below, have lapsed without vesting or have been cancelled per Employee Incentive Plans terms.

Class/Description	Number lapsed	Number exercised
Unlisted Rights at nil exercise price	44,868	Nil
Unlisted Options at $2.08 exercise price	Nil	81,000

As a result, the Company’s current capital structure is as follows:

Number	Class/Description	Class/Description
945,880,566	Shares
5,732,035	Unlisted Rights at nil exercise price
5,332,628	Unlisted Options at the following exercise prices:
		Number	Exercise Price
		179,561	$1.22
		226,567	$2.08
		3,509,000	$2.86
		1,417,500	$3.58

Authorised for release to the ASX by Orora’s Company Secretary, Ann Stubbings.

-ENDS-

Orora Limited ABN 55 004 275 165 109 Burwood Road Hawthorn Victoria 3122 • +61 3 9811 7111 www.ororagroup.com