Mondi – Update on Ukraine / Russia

Apollo and Novolex Holdings LLC announced that funds managed by Apollo affiliates have entered into a definitive agreement to acquire the majority of the Company from funds managed by Carlyle. Carlyle will retain a minority stake in the Company. Financial terms were not disclosed. Novolex provides customers with packaging innovation, choice and sustainability. The Company manufactures products made with fiber, renewable, recycled and bio-based materials and resin that are designed to be recycled and composted. The Company is comprised of more than 10,000 employees worldwide and operates 57 manufacturing facilities in North America and Europe, including two world-class plastic recycling facilities. Customers include some of the world’s largest brands in the dine-in and to-go restaurant, grocery, retail, sanitation and janitorial, construction, food processing and related industries. With Apollo’s global resources and significant experience in the packaging sector, Novolex expects to strengthen its leadership position by expanding its blue-chip customer relationships through a shared commitment to sustainability and product innovation.

Oliver Inc. announces it has acquired Professional Image and aspecialtybox.com (collectively, “Professional Image”). Professional Image is a leading manufacturer of custom folding carton packaging and e-commerce provider of innovative stock packaging and accessories serving customers in food and beverage, beauty products, confection, health and wellness, and consumer goods markets. Based in Tulsa, Oklahoma, Professional Image will continue delivering design-forward packaging solutions from its current location. “The addition of Professional Image accelerates Oliver’s position as one of the nation’s largest independent specialty packaging providers,” said Dan Rodenbush, President/CEO of Oliver. “We are proud to welcome the Professional Image and aspecialtybox.com team to the Oliver family. Together, we will better serve our customers with additional geographic reach, capacity, and high-end, design-forward product offerings.”

Graphic Packaging Holding Company has been named to Newsweek's 2022 list of America's Most Responsible Companies for a second year in a row. The recognition is based on a detailed analysis of Environmental, Social and Corporate Governance (ESG) factors. "Being recognized for a second year by Newsweek for corporate responsibility as well as being included on Forbes' inaugural list of Top Female-Friendly Companies is a true honor," said Michael Doss, President and Chief Executive Officer. "At Graphic Packaging, we are committed to delivering sustainable fiber-based consumer packaging solutions through a high-performance company culture that embraces diversity. We are committed to positive change and advancement of our environmental, social and governance initiatives. The recognitions demonstrate the progress we have made and will continue to drive to benefit all stakeholders."