HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 2.9.2025 AT 12:40 EEST NOT FOR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE “UNITED STATES”) OR TO ANY U.S. PERSON OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. Huhtamäki Oyj announces the final results of the invitation made by OP Corporate Bank plc (the “Offeror”) to th ...

Core Viewpoint - Huhtamäki Oyj has announced the results of its tender offer for the 2027 Notes, indicating an intention to accept EUR 125 million in aggregate principal amount of the notes tendered for purchase, with a proration factor of approximately 37.142% [3][4]. Group 1: Tender Offer Details - The tender offer for the 2027 Notes expired on September 1, 2025, at 6:00 p.m. Finnish time, and no further notes can be tendered for purchase [2]. - The Offeror has the discretion to decide the final amount of 2027 Notes accepted for purchase, which may include not accepting any purchases [4]. - The final results of the tender offer will be announced after the pricing time on September 2, 2025, around 12:00 noon Finnish time [5]. Group 2: Company Overview - Huhtamäki is a leading global provider of sustainable packaging solutions, focusing on hygiene, safety, and reducing food waste [6]. - The company has over 100 years of history, operates in 36 countries with around 18,000 professionals, and reported net sales of EUR 4.1 billion in 2024 [7].

Core Viewpoint - Huhtamäki Oyj is planning to issue new euro-denominated fixed rate notes and has announced a voluntary tender offer for its outstanding notes maturing in 2026 and 2027 [2][3]. Group 1: New Notes Issuance - The company intends to issue new notes under a EUR 2 billion Euro Medium Term Note Programme, with an expected issue amount of EUR 300 million [2]. - BNP Paribas, J.P. Morgan, OP Corporate Bank, and SEB are acting as Joint Bookrunners for the transaction [2]. Group 2: Tender Offer Details - OP Corporate Bank plc is inviting holders of outstanding notes maturing in 2026 and 2027 to sell their notes for cash [3]. - The tender offer will expire on September 1, 2025, at 6:00 p.m. Finnish time, and is subject to specific terms and conditions outlined in the Tender Offer Memorandum [4]. - The Offeror will determine the purchase prices for the accepted notes on or around September 2, 2025 [5]. Group 3: Outstanding Notes Information - The outstanding notes include EUR 175 million of 1.125% senior unsecured notes due November 20, 2026, and EUR 500 million of 4.250% sustainability-linked senior unsecured notes due June 9, 2027 [6]. - The tender offer for the 2026 notes is for any and all amounts, while for the 2027 notes, it is up to EUR 100 million in nominal amount [6]. Group 4: Company Overview - Huhtamäki is a leading global provider of sustainable packaging solutions, with a focus on protecting food and beverages and preventing food waste [8]. - The company has over 100 years of history, operates in 36 countries, and reported net sales of EUR 4.1 billion in 2024 [9].

Group 1 - Huhtamäki Oyj has established a EUR 2 billion Euro Medium Term Note (EMTN) programme, approved by the Central Bank of Ireland on August 21, 2025 [1][2] - The net proceeds from the notes issued under the EMTN programme will be utilized for general corporate purposes [2] - Huhtamäki is a leading global provider of sustainable packaging solutions, focusing on hygiene, safety, and preventing food waste [3] Group 2 - Huhtamäki has over 100 years of history, operates in 36 countries with around 18,000 professionals, and reported net sales of EUR 4.1 billion in 2024 [4]

Core Insights - Kraton Corporation has executed agreements with International Paper to ensure uninterrupted site services at its Savannah, Georgia facility, highlighting a commitment to supply reliability and operational continuity in the pine chemicals industry [1][2][3] Company Overview - Kraton Corporation is a leading global producer of specialty polymers and high-value biobased products derived from renewable resources, with applications in various sectors including adhesives, coatings, and automotive [6] - The company is the largest global provider in the pine chemicals industry, offering a range of specialty products sold into multiple markets [6] Partnership Details - International Paper will continue to provide essential site services to Kraton, enabling uninterrupted production and delivery of critical pine chemical products, which supports Kraton's infrastructure investments at the Savannah facility [2][4] - The partnership aims to strengthen the pine chemicals value chain and ensure stable supply to customers across key global markets [3][4] Strategic Focus - Kraton is focused on delivering high-performance, sustainable solutions and maintaining its leadership in the bio-based chemical industry [4] - The agreements reflect a shared vision between Kraton and International Paper to enhance resilience and growth within the pine chemicals sector [2][3]

Company Overview - International Paper is the global leader in sustainable packaging solutions with headquarters in Memphis, Tennessee, and EMEA headquarters in London, UK [3] - The company employs over 65,000 team members and operates in more than 30 countries [3] - Net sales for 2024 were reported at $18.6 billion [3] Recent Developments - CEO Andy Silvernail will present at the Jefferies 2025 Industrials Conference on September 4, 2025, at 8:10 a.m. Eastern Daylight Time [1] - A question-and-answer session will follow the presentation [1] - Interested parties can listen to the webcast via the company's website, with a replay available approximately three hours after the presentation [2] Strategic Moves - In 2025, International Paper acquired DS Smith, enhancing its position as an industry leader in the North American and EMEA regions [3]

Ralf K. Wunderlich (Chair), President and CEO; Fredrik Davidsson, President, Foodservice Packaging; Sara Engber, President, Fiber Packaging; Thomas Geust, Chief Financial Officer; Axel Glade, President, Flexible Packaging; Katariina Kravi, Executive Vice President, Human Resources, Safety and Communications (as of January 1, 2026, the latest) Ann O'Hara, President, North America; Sami Pauni, Executive Vice President, Sustainability, Corporate Affairs and Legal (until January 24, 2026, the latest); Johan Rab ...

Group 1: Financial Performance Overview - Net sales for Q2 2025 decreased by 3% to EUR 1,007.5 million compared to EUR 1,037.5 million in Q2 2024, while H1 2025 net sales decreased by 2% to EUR 2,009.1 million from EUR 2,041.4 million in H1 2024 [3][4][21] - Adjusted EBIT for Q2 2025 was EUR 103.1 million, a decrease of 2% from EUR 105.5 million in Q2 2024, and for H1 2025, it was EUR 201.5 million, down 1% from EUR 204.3 million in H1 2024 [3][23] - Reported EPS for Q2 2025 was EUR 0.20, a significant drop of 68% from EUR 0.62 in Q2 2024, while adjusted EPS remained stable at EUR 0.63 [4][19] Group 2: Segment Performance - In Q2 2025, net sales in the Foodservice Packaging segment decreased by 5% to EUR 239.0 million, while North America saw a slight decline of 1% to EUR 366.4 million, and Flexible Packaging also decreased by 5% to EUR 310.7 million [13][21] - Fiber Packaging segment experienced growth with a 3% increase in net sales to EUR 94.3 million [13] - Adjusted EBIT margin in Flexible Packaging increased despite a decrease in net sales, while Fiber Packaging continued to grow, although its margin decreased slightly due to operational challenges [8][24] Group 3: Strategic Initiatives and Market Conditions - The company is focusing on executing strategic priorities to strengthen its business for long-term sustainable growth amidst market uncertainties, including geopolitical tensions and currency fluctuations [6][12] - An acquisition of Zellwin Farms, a US-based egg packaging manufacturer, was completed, aligning with the company's focus on profitable growth and expected to be accretive from year one [10] - The company successfully completed a three-year EUR 100 million efficiency program ahead of schedule, achieving targeted cost savings with lower than expected costs [11][25] Group 4: Outlook and Future Expectations - The trading conditions for 2025 are expected to remain relatively stable, allowing the company to pursue profitable growth opportunities [29]

Company Overview - Huhtamaki Oyj is a leading global provider of sustainable packaging solutions, focusing on food and beverage safety, hygiene, and waste prevention [3][4] - The company has over 100 years of history and operates in 36 countries with around 18,000 professionals [4] Financial Information - In 2024, Huhtamaki's net sales totaled EUR 4.1 billion [4] Upcoming Events - Huhtamaki will publish its 2025 Half-yearly Report on July 24, 2025, at approximately 8:30 EEST [1] - A combined audiocast and teleconference will be held on the same day at 9:30 EEST, featuring presentations from the CEO and CFO [2] - An on-demand replay of the audiocast will be available shortly after the call [3]

Group 1 - The composition of Huhtamäki Oyj's Shareholders' Nomination Board has been confirmed, with each of the four largest shareholders entitled to appoint one member, plus the Chair of the Board of Directors serving as an expert member [1][4] - The Shareholders' Nomination Board is responsible for preparing proposals for the election and remuneration of the members of the Board of Directors for the Annual General Meeting and, if necessary, for an Extraordinary General Meeting [2] - Huhtamaki is a leading global provider of sustainable packaging solutions, with a focus on hygiene, safety, accessibility, affordability, and preventing food waste [2][3] Group 2 - Huhtamaki has over 100 years of history and operates in 36 countries with around 18,000 professionals [3] - In 2024, Huhtamaki's net sales totaled EUR 4.1 billion, and the company is listed on Nasdaq Helsinki [3]