Sonoco Implementing Price Increase for Corrugating Medium

Highlights • Robust financial performance in a challenging environment ◦ Underlying EBITDA of €738 million with margin of 21.4% ◦ Profit before tax of €466 million ◦ Basic underlying earnings of 73.0 euro cents per share ◦ Cash generated from operations of €602 million ◦ Return on capital employed of 17.1% ◦ Strong balance sheet with 1.4 times net debt to 12-month trailing underlying EBITDA at 30 June 2020

Sonoco plans to further expand Sonopost® cornerpost manufacturing in Europe. A new protective packaging production facility is set to open in Bursa, Turkey in November, one year after Sonoco established the first Sonopost® operation in Sochaczew, Poland. “Growing demand for our proprietary Sonopost technology created the need for a second production facility,” said Adam Wood, Vice President and General Manager of Global Paper Products in Europe. “Our protective packaging design team is working hard with our customers who are aligned with us in creating fully sustainable, paper-based packaging that protects and preserves both their product and our planet for generations to come.”

Amcor has launched Eco-Tite® R in Europe, the first designed to be recycled, PVDC-free shrink bag for fresh and processed meat, poultry and some cheeses. Amcor Eco-Tite® R is designed to maximise shelf-life, maintain food safety, reduce food waste and can be recycled in existing polyethylene (PE) plastic recycling streams.* This means that more consumers will be able to recycle their meat, poultry and cheese packaging, while enjoying the benefits of longer lasting food. “Through our packaging expertise and commitment to sustainability, the team has overcome a challenge for the industry; developing a high performance shrink bag that’s PVDC-free and recyclable, while maintaining food safety. This is a great step-forward for consumers and an example of how the removal of problematic materials from packaging – something the industry is increasingly focussed on delivering – can provide us with safe, secure and recyclable packaging,” said Rosalia Rosalinova, Marketing Manager for Meat and Fresh Produce at Amcor. Amcor Eco-Tite® R is a multi-layer, mono-PE packaging which maintains a high barrier to oxygen and water vapour even when exposed to high-moisture environments, such as cooler cases and refrigerators.