Statement re Completion of Senior Notes Offering

Statement re Completion of Senior Notes Offering

Smurfit Kappa Group PLC

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

Smurfit Kappa Announces Completion of €600m Senior Notes Offering

Proceeds to fund acquisition of Reparenco

Smurfit Kappa Group plc today announces that it has successfully completed an offering by one of its wholly-owned subsidiaries, Smurfit Kappa Acquisitions Unlimited Company, of €600 million of euro denominated senior notes due 2026. The notes priced at par and have a coupon of 2.875%.

Proceeds will be used to fund the acquisition of Reparenco, a paper and recycling business in the Netherlands, and for general corporate purposes.

Paul Regan, Smurfit Kappa Group Treasurer: “We are pleased to announce the completion of our €600 million Senior Notes Offering. Given the strength of institutional demand, we increased the offering from our initial target size of €500 million. This transaction, together with our €230 million trade receivables securitisation refinancing announced last week, further diversifies our funding sources and extends our debt maturity profile.”

About Smurfit Kappa

Smurfit Kappa, a FTSE 100 company, is one of the leading providers of paper-based packaging solutions in the world, with around 46,000 employees in approximately 365 production sites across 35 countries and with revenue of €8.6 billion in 2017. We are located in 22 countries in Europe, and 13 in the Americas. We are the only large-scale pan-regional player in Latin America.

Forward-Looking Statements

Some statements in this announcement are forward-looking. They represent expectations for the Group’s business and involve risks and uncertainties. These forward-looking statements are based on current expectations and projections about future events. The Group believes that current expectations and assumptions with respect to these forward-looking statements are reasonable. However, because they involve known and unknown risks, uncertainties and other factors, which are in some cases beyond the Group’s control, actual results or performance may differ materially from those expressed or implied by such forward-looking statements.

Important Notice

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF SMURFIT KAPPA ACQUISITIONS UNLIMITED COMPANY IN THE UNITED STATES OR ANY OTHER JURISDICTION; SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION. NOT FOR DISTRIBUTION OR RELEASE IN OR INTO ANY JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.

This announcement is directed only at persons who are: located outside the United States and are (a) persons in member states of the European Economic Area (the “EEA”) other than the United Kingdom who are qualified investors (within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC as amended, including by Directive 2010/73/EU) and any relevant implementing measure in each member state of the EEA); (b) persons in the United Kingdom who are qualified investors and who are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) persons falling within Article 49(2) (a) to (d) (“high net worth companies, unincorporated associations, etc.”) of the Order; or (c) persons to whom it may otherwise be lawfully communicated (all such persons together being referred to as “relevant persons”). This announcement must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.

ENDS

Contact for media:

Contacts:

Ciaran Potts	Â	Â	Â	Melanie Farrell or Mark Kenny
Smurfit Kappa				FTI Consulting
T: + 353 1 2027127				T: + 353 1 765 0800
E: [e-mail]				E: [e-mail]

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www.smurfitkappa.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20180628005617/en/