ELOPAK ASA: Mandatory notifications of trades by primary insiders

(Oslo, 14 June 2022) In connection with the long term incentive plan ("LTIP"), Elopak ASA ("Elopak" or the "Company") primary insiders have acquired shares in Elopak. Shares purchased under the LTIP are purchased at 20% discount from the trading price, and are subject to a three-year lock-up period. The shares were thus purchased at a price of NOK 13,4190 per share. The shares are paid for in cash from the Company. The shares were acquired from Elopak's holding of own shares. After the transactions, Elopak holds 5 519 shares. Copies of notification of each of the persons discharging managerial responsibilities ("PDMRs") for the share acquisitions are attached hereto. This information is subject to the disclosure requirements pursuant to Regulation EU 596/2014 (MAR) article 19 and section 5-12 of the Norwegian Securities Trading Act. For further information: Thomas Askeland, Head of IR, Thomas.askeland@elopak.com, +47 992 34 557 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 2,600 people and sells in excess of 14 billion cartons annually across more than 70 countries. Elopak is a UN Global Compact participant with a platinum EcoVadis rating and has been carbon neutral since 2016. For more information, go to elopak.com or follow us @Pure_Pak on Twitter and @Elopak on LinkedIn.