Reference is made toElopak ASA's ("Elopak ", Oslo Børs Ticker: ELO)announcement onMay 8, 2024 regarding fixed income meetings and contemplated NOK Green Bond issuance.Elopak , rated BBB-/Stable by Nordic Credit Rating, has today successfully issued senior unsecured green bonds with a total amount ofNOK 2.5 billion . The transaction was split into three tranches: ·NOK 750 million , 3-year bond with floating rate coupon of 3 months Nibor +1.20% p.a. ·NOK 1.250 million , 5-year bond with floating rate coupon of 3 months Nibor +1.50% p.a. ·NOK 500 million , 7-year bond with fixed rate coupon of 5.48%. The inaugural Green Bond transaction was substantially oversubscribed. An amount equal to the net proceeds from the green bond issuance will be used in accordance withElopak's Green Bond Framework, including inter alia refinancing of debt originally incurred to finance such green projects. The bonds will be swapped to EUR. The settlement date is set toMay 28, 2024 andElopak will apply for the green bonds to be listed atOslo Stock Exchange .Danske Bank and SEB acted asJoint Lead Managers and Green Bond Structuring Advisors for the transaction. Schjødt acted as legal counsel.Elopak ASA Oslo,May 15, 2024 For further information, please contact:Christian Gjerde , Head ofTreasury E-mail: christian.gjerde@elopak.com Tel: +47 980 60 909 This information is subject to the disclosure requirements pursuant to Section 5-12 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 inNorway in 1957,Elopak was listed on theOslo 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 aUN 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 byEcoVadis and were rated top 2% sustainable companies in the world. For more information, go to www.elopak.com or follow us @Elopak on LinkedIn.
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