Elopak ASA: Mandatory notification of trade by close associate of primary insider

17 Mar 2026 18:06 CET

Ferd AS ("Ferd") has today sold 11,500,000 shares in Elopak ASA (the
"Company"), representing approximately 4.3% of the share capital and votes in
the Company, at a price of NOK 48.50 per share for a total transaction size of
NOK 558 million (the "Transaction").

Following completion of the Transaction, Ferd will own 107,965,870 shares in
the Company, representing approximately 40.1% of the Company. Ferd has entered
into a customary 90-days lock-up agreement for its remaining shareholding in
the Company after the Transaction. Ferd remains committed to being a
long-term, significant owner in the Company.

Ferd is represented on the Board of Directors of the Company through Manuel
Arbiol Pascual, being a primary insider. Please see the attached PDMR form for
further details.

ABG Sundal Collier ASA and Skandinaviska Enskilda Banken AB (publ) acted as
joint bookrunners in connection with the Transaction.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-03-17 18:06 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 3,000 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:
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668626_Elopak ASA- Mandatory notification of trade by close associate of primary insider.pdf
668626_20260317 KRT 1500 Notification of transactions by persons discharging managerial responsibilities (PDMR).pdf