Elopak ASA ("Elopak", Oslo Børs Ticker: ELO) has signed a new EUR 210 million
multi-tranche revolving multi-currency credit facility. The credit facility
matures in June 2029, with options for extension of one of the tranches until
June 2031 on certain terms. The credit facility replaces the existing EUR 400m
revolving credit facility due to expire in May 2025. 

Nordea Bank Abp acted as Coordinating Bookrunner and Mandated Lead Arranger on
the transaction. BNP Paribas, Danske Bank, DNB Bank ASA, Nordea Bank Abp and SEB
(in alphabetical order) participated as Bookrunners and Mandated Lead Arrangers.

Elopak, rated BBB-/Stable by Nordic Credit Rating, issued in May 2024 NOK 2.5
billion in inaugural multi-tranche green bond issuance. 

Elopak ASA
Oslo, June 13, 2024

For further information, please contact:
Christian Gjerde, Head of Treasury
E-mail: christian.gjerde@elopak.com 
Tel: +47 980 60 909

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 2,700 people and sells in excess of 14 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.