Statement re Fitch Upgrade

Smurfit Kappa Group PLC Fitch Upgrades Smurfit Kappa Group SKG.I SKG.L Smurfit Kappa Group plc ('SKG' or the 'Group'), one of the world's largest integrated manufacturers of paper-based packaging products with operations in Europe and Latin America, notes today's press release by Fitch Ratings and welcomes the upgrade of its debt rating to 'BB'. Ian Curley, Group Chief Financial Officer commented, 'We welcome today's upgrade by Fitch Ratings. For 2007, SKG delivered EBITDA growth within the range of expectations set at IPO, industry leading margins and exceeded both its leverage and synergy objectives.' About Smurfit Kappa Group Smurfit Kappa Group is a world leader in paper-based packaging with operations in Europe and Latin America. Smurfit Kappa Group operates in 22 countries in Europe and is the European leader in containerboard, solid board, corrugated and solid board packaging and has a key position in several other packaging and paper market segments, including graphic board, sack paper and paper sacks. Smurfit Kappa Group also has a growing presence in Eastern Europe. Smurfit Kappa Group operates in 9 countries in Latin America and is the only pan-regional operator. -0- *T Contacts Information Smurfit Kappa Group +353 1 202 7000 Beech Hill, Clonskeagh Dublin 4, Ireland K Capital Source +353 1 631 5500 Ph +353 1 202 7000 smurfitkappa@kcapitalsource.com ------------------------------- *T
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