Elopak ASA ("Elopak ", Oslo Børs Ticker: ELO) has mandatedDanske Bank and SEB asJoint Lead Managers and Green Bond Structuring Advisors to arrange a series of virtual and physical fixed income meetings commencing onMay 13, 2024 . Subject to market conditions, one or more NOK denominated senior unsecured floating rate and/or fixed rate green bond issues with expected tenor(s) of 3-7 years and a total combined benchmark size may follow. Nordic Credit Rating has assignedElopak a 'BBB-' long term issuer credit rating with "stable outlook". The rating reflectsElopak's strong market position as the world's largest player in fresh liquid carton packaging, resilient financial profile and strong balance sheet. The full credit rating report is available on: https://www.elopak.com/debt-financing/credit-rating/.Elopak has established a Green Bond Framework, allowing for the issuance of green bonds.S&P Global Ratings has provided a second-party opinion ("SPO"), confirming the Framework's alignment with the 2021 ICMA Green Bond Principles. The Framework received a "Dark Green" shading underS&P Global Ratings' "Shades of Green" methodology. An amount equal to the net proceeds from the contemplated green bond issuance will be used in accordance with the newly established Green Bond Framework. The Green Bond Framework and the SPO are enclosed and available on: https://www.elopak.com/debt-financing/green-bond-framework/. For further information, please contact:Christian Gjerde , Head ofTreasury E-mail: christian.gjerde@elopak.com Tel: +47 980 60 909Elopak ASA May 8, 2024 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. AboutElopak 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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