Elopak ASA ("Elopak", ticker: ELO) has today successfully completed a tap issue
of NOK 200 million of the senior unsecured green bonds with ISIN NO0013234518
and with maturity date 28 May 2029. 

The tap issue was completed at a price corresponding to a spread above 3 months
Nibor + 1.30% p.a. The outstanding amount after the transaction is NOK 1.450
million and the settlement date for the tap issue will be 25 October 2024. 

An amount equal to the net proceeds from the green tap issue will be used in
accordance with Elopak's Green Bond Framework, including inter alia refinancing
of debt originally incurred to finance such green projects. The bonds will be
swapped to EUR.

Danske Bank acted as Sole Manager for the transaction.

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, October 18, 2024

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.