Colorpak : Court Approval of Scheme of Arrangement granted

Microsoft Word - Court Approval of Scheme - 8 April 2016.docx

8 April 2016 ASX Announcement

Colorpak welcomes court approval of Scheme of Arrangement

Colorpak Ltd ("Colorpak") is pleased to announce that the Supreme Court of Victoria today approved the scheme of arrangement ("Scheme") under which a wholly owned subsidiary of Graphic Packaging International, Inc. ("Graphic Packaging International"), will acquire all of the issued shares in Colorpak.

It is expected that the court orders will be lodged with the Australian Securities and Investments Commission on Tuesday 12 April 2016, with Colorpak shares ceasing to trade on the ASX after the close of trading on Tuesday 12 April 2016.

The timing of the $0.68 per share in cash payments to be received by Colorpak shareholders is scheduled to be as follows:

• Interim Dividend and Special Dividend - Colorpak shareholders on the share register on the scheduled Dividends Record Date being 7pm on Thursday 14 April 2016 will be entitled to receive the fully franked Interim Dividend of $0.0125 per share and the fully franked Special Dividend of $0.0975 per share. Both dividends are scheduled to be paid on Thursday 21 April 2016.

• Scheme consideration - Colorpak shareholders on the share register on the scheduled Scheme Record Date being 7pm on 22 April 2016 will be entitled to receive the cash scheme consideration of $0.57 per share. This will be paid on the Implementation Date, scheduled to be Friday 29 April 2016

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For further information, please contact:

Investors and Analysts	Media
Shareholder information line 1800 622 202 Monday to Friday 9am to 5pm	Geoff Willis Chairman Colorpak [phone]