Elopak ASA: Launch of share buy-back programme

15 Sep 2025 08:00 CEST

Elopak ASA (the "Company") has resolved to launch a buy-back programme for the
repurchase of up to 360,000 shares for a maximum aggregate amount of NOK
18,000,000. The buy-back will be conducted during the period from September
15, 2025, to and including September 30, 2025.

The buy-back will be conducted in accordance with the authorization given by
the Company's ordinary general meeting on May 14, 2025.

The shares acquired under the share buy-back programme will be used to meet
the Company's obligations towards employees who participate in the Company's
long-term incentive plan.

Shares will be purchased on the Oslo Stock Exchange based on prevailing market
prices, to be conducted in accordance with applicable safe harbor conditions.

The share buy-back program will be managed by DNB Carnegie, which will make
its trading decisions regarding the timing of the share repurchases
independently of, and without influence by, the Company.

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

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-09-15 08:00 CEST.

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.

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