Elopak ASA (the "Company") has resolved to launch a buy-back programme for the
repurchase of up to 600,000 shares for a maximum aggregate amount of NOK
30,000,000. The buy-back will be conducted during the period from February 24,
2025, to and including March 31, 2025. 

The buy-back will be conducted in accordance with the authorization given by the
Company's ordinary general meeting on May 13, 2024.

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 Markets, 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
E-mail: christian.gjerde@elopak.com  
Tel: +47 980 60 909

Elopak ASA
Oslo, February 24, 2025

This information is subject to the disclosure requirements pursuant to Section
5-12 in the Norwegian Securities Trading Act.

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.