Guala Closures S p A : NO OPENING OF THE TWENTY-FIRST WARRANT S EXERCISE PERIOD

PRESS RELEASE

NO OPENING OF THE TWENTY-FIRST WARRANT'S EXERCISE PERIOD

Alessandria, 1 June 2020 - Guala Closures S.p.A. (Guala or the Company) informs that the Average Monthly Price of Guala Ordinary Shares (ISIN Code IT0005311821) relating to May 2020, was equal to Euro 6.302. Therefore, since the Average Monthly Price of Guala Ordinary Shares is lower than the strike price, equal to Euro 10.00 pursuant to art. 3, paragraph 2 of the Rules "Market Warrant Guala Closures S.p.A.", the Warrants may not be exercised for the month of June 2020.

The Warrant owners are hereby informed that, in case the Average Monthly Price of Guala ordinary shares referring to the month of June 2020 exceed the strike price, the Warrants will be exercisable in the month of July 2020 on the basis of the exercise ratio that will be communicated to the public under the terms of the Rules of "Market Warrant Guala Closures S.p.A.".

For any other information, please refer to the Rules of "Market Warrant Guala Closures S.p.A." available in the section Investors on the Company website (http://investor.gualaclosures.com/sites/gualaclosures/files/allegati/regolamento_market_warrant_guala_closures_s.p.a.pdf).

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Guala Closures Group

Guala Closures Group has more than 4,700 employees and operates in 5 continents through 29 production plants and markets its products in over 100 countries. Today the Group sells nearly 20 billion closures yearly, with a 2019 turnover of 607 million Euros. Thanks to a policy of continuous business development and technological innovation, the Group is recognized as a global point of reference in the production of alcohol safety closures and is a leading manufacturer of aluminium closures for spirits, wines and beverages.

From August 2018, Guala Closures S.p.A. has been listed on the STAR segment of the Italian Stock Exchange, entering the FTSE Italia Mid Cap index in September 2019.

Find out more onwww.gualaclosures.com

For information

Guala Closures S.p.A. Investor Relations: Alessandro Baj Badino Tel [phone]

Guala Closures S.p.A.

www.gualaclosures.com

Sede Legale e stabilimento: Via Rana, 10/12 - Zona Industriale D 6 - 15122 Spinetta Marengo (AL) - Italy - Tel. [phone] - Fax [phone]

Cap. Soc. Euro 68.906.646,00 - Registro Imprese - Codice Fiscale - Cod. EORI - Partita IVA IT10038620968

Stabilimento di Basaluzzo: Via Novi, 44 - 15060 Basaluzzo (AL) - Italy - Tel. [phone] - Fax [phone]

Stabilimento di Magenta: Strada per Cascina Peralza, 20 - 20013 Magenta (MI) - Italy - Tel. [phone] - Fax [phone]

Stabilimento di Termoli: Zona Industriale Pantano Basso - 86039 (CB) - Italy - Tel. [phone] - Fax [phone]