ORORA LIMITED — Share Issue/Capital Change 2020

Sep 10, 2020

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11 September 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 rights, as set out below, have vested after the satisfaction of performance conditions under the Employee Incentive Plans; and

• some rights and options, as set out below, have reached their expiry date without being exercised or have been cancelled per Employee Incentive Plans terms.

Class/Description	Number lapsed	Number vested
Unlisted Rights at nil exercise price	1,632,250	321,162
Unlisted Options at $2.69 exercise price	4,024,580	Nil
Unlisted Options at $3.58 exercise price	333,000	Nil

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

Number		Class/Description	Class/Description
965,362,856		Shares
3,678,449		Unlisted Rights at nil exercise price
5,413,628		Unlisted Options at the following exercise prices:NumberExercise Price179,561$1.22307,567$2.083,509,000$2.861,417,500$3.58
		Number	Exercise Price
		179,561	$1.22
		307,567	$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