NEWS RELEASE

For Immediate Release

Winpak's Board of Directors

Announces Second Quarter 2020 Dividend

WINNIPEG, MANITOBA, May 5, 2020 - Winpak Ltd. (TSX:WPK) announces that at a meeting on May 5, 2020, the Company's Board of Directors declared a dividend of three cents (3 cents, Canadian currency) per share. The dividend is payable July 9, 2020 to shareholders of record at the close of business on July 2, 2020.

Winpak Ltd. manufactures and distributes high-quality packaging materials and related packaging machines. The Company's products are used primarily for the protection of perishable foods, beverages, and in health-care applications.

For further information, please contact:

L.A. Warelis, Vice President and CFO, (204) 831-2254

O.Y. Muggli, President and CEO, (204) 831-2214

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Winpak Ltd. published this content on 05 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2020 13:13:09 UTC