Elopak ASA: Håkon Volldal appointed as new CEO

15 Jun 2026 18:00 CEST

Reference is made to Elopak ASA's ("Elopak", Oslo Børs Ticker: ELO) stock
exchange announcement of January 25, 2026 and May 4, 2026, regarding Thomas
Körmendi's resignation as CEO and the appointment of Bent Kilsund Axelsen as
interim CEO, respectively.

Elopak's Board of Directors is pleased to announce the appointment of Håkon
Volldal as new CEO. Today, Volldal serves as President and CEO of Nel ASA.
Before that, he has held the position as CEO of Q-Free and several senior
leadership roles at TOMRA, including as position as Executive Vice President
and Head of TOMRA Collection Solutions. Volldal holds a Master of Science in
Industrial Engineering and Technology from the Norwegian University of Science
and Technology. The effective date of his appointment will be agreed in due
course, and no later than the beginning of January, 2027.

"Håkon brings extensive leadership experience from listed industrial
technology companies, including as President and CEO of Nel and Head of TOMRA
Collection Solutions, both companies with a clear growth agenda advancing
innovation and sustainability based on systemic, societal market shifts. His
track record in scaling engineering-led businesses, driving operational
improvement and leading transformation makes him well qualified to lead Elopak
through its next phase of growth, innovation and sustainability supporting the
company's strategy," says Chair of the Board, Dag Mejdell.

"I am excited to be joining Elopak, a company with a strong purpose, a proud
heritage, and a clear vision for the future. Throughout its history, Elopak
has demonstrated how innovation and sustainability can go hand in hand to
deliver value for customers, shareholders, and society. I look forward to
listening, learning, and working closely with colleagues, customers, and
partners around the world. My top priorities will be to accelerate the
implementation of Elopak's Repackaging tomorrow' strategy and continue to
drive positive change in the packaging industry" says Volldal.

Together with the rest of the Elopak Management Team, Bent Kilsund Axelsen
will continue to lead the company with direction and stability as interim CEO
until Volldal assumes the role. Thereafter, Axelsen and interim CFO, Ola
Buarøy, will return to their respective roles as CFO and Director Finance and
Tax.

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

Media:
Yannick Vanderveeren, Senior Communications Manager
E-mail: yannick.vanderveeren@elopak.com
Tel: +47 458 36 358

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 2026-06-15 18:00 CEST.

About Elopak
Elopak is a leading global supplier of paper-based packaging solutions,
through the brands Pure-Pak®, D-PAKTM and Roll Fed, along with filling machines
and services. The company's iconic Pure-Pak® cartons are made primarily from
paperboard sourced from certified and controlled sources, providing a
convenient alternative to plastic packaging.

Founded in Norway in 1957 and listed on the Oslo Stock Exchange, the company
employs more than 3,000 people and provides its solutions across more than 70
countries.

Elopak has set Science Based Targets to reduce emissions in line with a
1.5-degree trajectory for scope 1 and 2, with a net-zero commitment by 2050.

For more information, go to www.elopak.com or follow us @Elopak on LinkedIn.

More information:
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