CANPACK S.A. Plans to Merge With Giorgi International Holdings S.A. R.L.

Atlantic Packaging, one of North Carolina’s largest privately held companies, headquartered in Wilmington, announced today that management is awarding $1,000 bonuses immediately to full-time employees. Nearly 1,000 Atlantic employees will…

Fourth Quarter Financial Highlights and Recent Events • Total revenue of $72.3 million, compared to $78.8 million in the fourth quarter of 2022. • Envelope segment revenue of $50.6 million, down from $60.7 million in the fourth quarter of 2022. • Packaging & Specialty Products segment revenue increased 20.2% to $21.7 million, from $18.1 million last year. • Net earnings were $0.7 million, compared to $6.7 million in the fourth quarter of 2022. • Solid free cash flow at $15.1 million, compared to $10.2 million in the fourth quarter of 2022. • Departure of the President of the Packaging and Specialty Products segment on October 17, 2023.

Third Quarter 2022 Highlights *Third quarter net earnings (loss) attributable to International Paper of $951 million ($2.64 per diluted share) compared with $511 million ($1.38 per diluted share) in the second quarter of 2022 and $864 million ($2.20 per diluted share) in the third quarter of 2021. Third quarter 2022 net earnings include a net after-tax benefit of $563 million ($1.56 per diluted share) related to the settlement of the previously announced timber monetization restructuring tax matter. Third quarter 2021 net earnings include a net after-tax gain of $350 million ($0.89 per diluted share) on the sale of our Kwidzyn, Poland mill. *10% year-over-year revenue growth based on strong price realization *$70 million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $175 million *Cash provided by operations of $435 million, bringing year-to-date to $1.4 billion *Returned $434 million to shareholders through share repurchases of $269 million and dividends of $165 million, bringing year-to-date to $1.6 billion