Elopak ASA: Mandatory notification of trade - settlement of PSUs

Reference is made to the stock notice on April 12, 2023, in which Elopak ASA (the "Company") announced the award of Performance Share Units ("PSUs") to executive management as part of the Company’s Long Term Incentive Program. Each vested PSU gives the holder the right to receive one share in the Company. Members of the executive management (all of which are primary insiders) receive a total of 239,470 shares today in this tranche of vesting. The transaction is settled in treasury shares. Further details of the primary insiders' transactions pursuant to the market abuse regulation article 19 are attached. Some of the primary insiders have ordered for a portion of the received shares to be immediately sold by a third party in order to cover the tax liability. The sales amount will be determined based on the price obtained by the third party when selling the shares in the market. Final compensation for the transferred rights will be reported to Oslo Stock Exchange when known. This information is subject to the disclosure requirements pursuant to Regulation EU 596/2014 (MAR) article 1 and section 5-2 of to the Norwegian Securities Trading Act. For further information, please contact: Mirza Koristovic, Head of IR E-mail: investors@elopak.com Tel: +47 93 87 05 25