PRO-PAC PACKAGING LIMITED — Earnings Release 2017

Jan 26, 2017

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27 January 2017

EARNINGS UPDATE FOR HALF YEAR TO 31 DECEMBER 2016

Preliminary, unaudited results for the 6 months to 31 December 2016 reflect the following headline results relative to the prior period:

• Revenue $116m (2015: $126m)

• EBITDA $7.2m (2015: $8.6m)

• PBT $5.0m (2015: $6.5m)

• EPS 1.48 cents (2015: 1.97 cents)

As foreshadowed at our recent AGM we are experiencing weaker than normal market conditions.

The reduction in earnings is predominantly due to reduced volumes reflecting weaker demand experienced by our customers in the current environment. This is particularly relevant in the nutraceutical, red meat, beverage and retail markets where tough conditions prevail.

The Half Yearly Report will be published towards the end of February 2017, following completion of the half-yearly audit review.

Enquiries

For further information please contact Mr. Brandon Penn Acting CEO, Pro-Pac Packaging Limited on Tel (02) 8781 0500.

About PPG

Pro-Pac Packaging Limited is a diversified manufacturing and distribution company, providing innovative, flexible and rigid packaging solutions for a broad group of clients. PPG is headquartered in Sydney with a national footprint including operations in all mainland states. PPG’s securities are listed and quoted on the ASX. For further information on PPG visit www.ppgaust.com.au.