Graphic Packaging Holding Company Announces Completion of AR Packaging Acquisition

Michael (“Mike”) A. Weinhold has been named Senior Vice President, Sales - Board, effective February 15, 2021. Mike has held senior leadership positions at Verso Corporation, International Paper and Champion International and brings over 30 years of commercial experience in the paper industry. He will report to Mike Farrell, EVP, Mill Division. We appreciate your support during this time of change. While we work diligently to support your needs and make a smooth transition, we remain focused on the keys to success, including your business and partnership.

Q4 2020 in brief • Net sales decreased 7% to EUR 813 million (EUR 875 million) • Comparable net sales growth was -2% at Group level and -7% in emerging markets • The impact of currency movements was EUR -52 million on the Group’s net sales and EUR -5 million on EBIT. Q1-Q4 2020 in brief • Net sales decreased 3% to EUR 3,302 million (EUR 3,399 million) • Comparable net sales growth was -2% at Group level and -6% in emerging markets • The impact of currency movements was EUR -89 million on the Group’s net sales and EUR -8 million on EBIT • Capital expenditure was EUR 223 million (EUR 204 million) • Free cash flow was EUR 207 million (EUR 226 million)

Paperboard production at the Metsä Board Husum mill has resumed to normal production levels following a fire at the pulp mill's wood chip conveyor on 18 June. The mill's folding boxboard line (BM1) and white kraftliner production line (BM2) have reached full production levels. The paperboard production was run at lower-than-normal capacity during the pulp mill’s standstill. Production at Husum pulp mill's hardwood pulp line has restarted this past weekend and production at the softwood pulp line is currently estimated to restart by the end of this week. Normal pulp production levels are expected to be resumed within the next week.