Elopak ASA: Nordic Credit Rating affirms its BBB- rating for Elopak ASA

30 Apr 2025 09:26 CEST

Nordic Credit Rating has today affirmed its long-term issuer credit rating for
Elopak ASA at BBB-, with stable outlook. The financial risk assessment has
been revised from BBB- to BBB to reflect Elopak's improved credit metrics in
2024. The rating of Elopak's senior unsecured bonds is also affirmed at BBB-,
in line with the issuer rating, and the short-term rating is further affirmed
at N3.

The full credit rating report is available on:
https://www.elopak.com/investor-relations/debt-financing/credit-rating/

Elopak ASA
Oslo, April 30, 2025

For further information, please contact:
Christian Gjerde, Head of Treasury and Investor Relations
E-mail: christian.gjerde@elopak.com
Tel: +47 980 60 909

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 2,850 people and sells 16 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.

More information:
Access the news on Oslo Bors NewsWeb site

644893_Elopak ASA- Nordic Credit Rating affirms its BBB- rating for Elopak ASA.pdf