Elopak ASA: Mandatory notification of trade - settlement of PSUs

24 Nov 2025 08:50 CET

Reference is made to the stock notice on November 23, 2023 and April 2, 2024,
in which Elopak ASA (the "Company") announced the award of Performance Share
Units ("PSUs") to executive and senior management as part of the Company's
Long Term Incentive Program. Each vested PSU gives the holder the right to
receive one share in the Company. Members of the executive and senior
management which are primary insiders receive a total of 115,637 shares today.

The transaction is settled in treasury shares. Further details of the primary
insiders' transactions pursuant to the market abuse regulation article 19 are
attached.

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

Erica Binde Honningsvåg, Investor Relations and Treasury Officer
E-mail: erica.honningsvaag@elopak.com
Tel: +47 975 91 102

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 has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication,
through the agency of the contact persons set out above, at 2025-11-24 08:50
CET.

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

660379_Elopak ASA- Mandatory notification of trade - settlement of PSUs.pdf
660379_PDMR Vesting 241125.pdf