Oslo, December 22, 2023: On December 11, 2023, Elopak ASA (the "Company")
announced the launch of a share buy-back program for the repurchase of up to
150,000 shares for a maximum aggregate amount of NOK 4,950,000, to meet the
Company's obligations under its long-term incentive plan. Deadline for
completion of the buy-back was December 22, 2023. 

The share buy-back program as announced on December 11, 2023 is now completed.  

Under the share buy-back program, the Company purchased a total of 150,000 own
shares at Oslo Børs at an average price of NOK 28.09 per share. Following the
completion of such transactions, the Company owns a total of 267,344 own shares,
corresponding to 0.1% of the Company's share capital.

Please see details enclosed regarding transactions conducted under the buy-back
program, detailing the transaction on an aggregate daily basis as well as a
comprehensive list of all transactions. 

For further information, please contact: 
Mirza Koristovic, Head of Investor Relations 
E-mail: investors@elopak.com 
Tel: +47 93 87 05 25 

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 2,600 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.