Dear Amcor Shareholders

September 27, 2022

Graeme Liebelt

Chairman

Ron Delia

CEO

Outstanding year of execution and growth

Fiscal 2022 was another outstanding year for Amcor. Our co-workers have continued to demonstrate remarkable perseverance and agility, executing well in a challenging operating environment that remains impacted by the lingering effects of the COVID-19 pandemic, severe disruptions to global supply chains, persistent and rising inflation, and the Russia-Ukraine conflict.

In the fiscal year ended June 30, 2022 (FY22), Amcor delivered another year of strong results. Organic sales growth of 4% marked the third consecutive year of accelerating top line growth, which translated into earnings per share growth of 11% on a comparable constant currency basis. The business picked up momentum through the year, with the fourth quarter being the strongest from both a sales and a profit-growth standpoint. During the year, we were also successful in passing through $1.5 billion in costs related to higher raw materials pricing, as well as other inflationary costs. As we enter our 2023 fiscal year, we are well positioned to maintain this momentum.

Strong free cash flow of $1.1 billion was another highlight of our financial 2022 year. This enabled us to increase our cash returns to shareholders to more than $1.3 billion dollars via $600 million of share repurchases and a compelling and growing annual dividend.

A winning strategy

Our dedicated employees are central to our success, and we believe that having the best talent and capabilities in the industry will ensure we prosper now and in the future. For many years we have made the well-being and development of our 44,000 global employees our number one objective, and this will continue to be a critical part of our overall strategy.

Our financial performance continues to reflect Amcor's strong foundation and the ability of our teams to consistently deliver against our strategy. Amcor has leadership positions in most of our chosen primary packaging segments and over 95% of our sales are in consumer staples and healthcare end markets. We have absolute and relative scale advantages in all key regions, industry leading commercial and innovation capabilities and a proven track record through multiple economic cycles of delivering margin expansion, earnings growth, and significant free cash flow.

A key driver of value for shareholders will always be the underlying organic growth of the business. We have continually strengthened the base business and have built sustainable organic sales and profit growth momentum over the last several years. The drivers of this growth include high-growth,high-value priority segments, a leading and well diversified emerging markets portfolio and the ability to leverage our strength in innovation. We are excited by the broad range of opportunities we see in these areas and, to help maintain the momentum we have built, we are stepping up our investments for growth. For example, during FY22 we opened a state of the art healthcare packaging facility in Singapore to serve accelerating demand in the Asia-Pacific region and also commenced a multimillion-dollar investment in new thermoforming capabilities for medical packaging in our existing plant in Ireland.

In recent years, we have invested in establishing best-in-class research and development (R&D) capabilities. We now offer customers a global network of world-class innovation centers with unique features and services that enable customers to collaborate with our packaging experts and make innovative and value-creating ideas a reality. But we remain hungry and open-minded in our search for disruptive innovative ideas beyond our own in-house R&D. In FY22, we deployed seed capital into promising start-up players ePac and PragmatIC Semiconductor, which has enabled us to gather further insights and traction into new technologies and business models.

Our efforts on sustainability are embedded in everything we do, from the way we manage our operations and greenhouse gas emissions to our vendor partnerships. In January 2022, Amcor further increased its sustainability efforts by joining the Science-Based Targets Initiative to ensure we achieve net zero emissions by 2050.

We are guided by the belief that three key dimensions - package design, infrastructure development and consumer participation - working together, hold the key to a more sustainable, circular economy for packaging.

In FY22, we expanded on our sustainability leadership by launching proprietary innovations such as our AmFiberTM family of paper-based products, the recycle-ready PVC- free AmSkyTM blister system for healthcare applications and the new generation of recycle-ready AmPrimaTM films. These global product platforms represent a clear opportunity for us to leverage our unique reach, scale and differentiated innovation for multi-national customers. With approximately 75% of Amcor offerings already recycle-ready, the consistent launch of new products with better sustainability features underscores our steady progress towards developing every product Amcor makes to be recyclable or reusable by 2025.

Compelling investment case

With multiple strategic initiatives working in tandem across the globe, Amcor continues to consistently deliver strong financial performance. We follow a clear proven strategy built on a solid foundation that has allowed us to invest in future growth opportunities and lead the industry on game-changing sustainability innovations.

We are delivering on our commitments, accelerating earnings growth and generating significant annual cash flow, increasing investments in high growth end markets and geographies as well as delivering value to shareholders through share repurchases and a compelling, growing dividend. Our proven track record of performance, unique industry-differentiated capabilities, defensive end market exposure, and strong investment grade balance sheet make the investment case for Amcor stronger than ever before - and particularly compelling in the current context of continued macroeconomic challenges.

We are proud of what our company and our employees around the world have achieved, collectively and individually, and we thank you, our shareholders, for your continued support.

Notice of Annual Meeting

of Shareholders

When:

Items of Business:

Who Can Vote:

Attending the Meeting:

November 9, 2022

3 Proposals are listed

Shareholders of Amcor's

See page 48 for

at 4:00 P.M. EST,

below.

common stock and CHESS

information.

9:00 P.M. GMT and

depositary interests at

8:00 A.M. (Nov. 10)

the close of business on

AEDT

September 14, 2022.

Where:

Date of Mailing:

The Langham Hotel

The date of mailing of this

1C Portland Place

Proxy Statement is on or

London W1B 1JA

about September 27, 2022.

United Kingdom

Items of Business

  1. To elect ten Directors for a term of one year;
  2. To ratify the appointment of PricewaterhouseCoopers AG as our independent registered public accounting firm for fiscal year 2023;
  3. To cast a non-binding, advisory vote on the Company's executive compensation ("Say-on-Pay Vote"); and
  4. To transact such other business as may properly come before the meeting.

Your vote is important to us. Please execute your proxy promptly.

September 27, 2022

By Order of the Board of Directors

Damien Clayton,

Secretary

83 Tower Road North

Warmley, Bristol BS30 8XP

United Kingdom

Record Date

Only shareholders of record at the close of business on September 14, 2022, will be entitled to receive notice of and to vote at the meeting. Most shareholders have a choice of voting over the Internet, by telephone or by using a traditional proxy card or voting instruction form. Please refer to the attached proxy materials or the information forwarded to you by your bank, broker or other holder of record to see voting methods available to you.

Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to be held on November 9, 2022:

The Proxy Statement, 2022 Annual Report and 2022 Form 10-K are available on our website at www.amcor.com/investors.

How to Cast Your Vote (See page 45)

You can vote by any of the following methods:

By internet

By telephone

By mailing your

proxy card

Proxy Statement Summary

Our proxy statement contains information about the matters that will be voted on at our Annual General Meeting of Shareholders (the "Annual Meeting") as well as other helpful information about Amcor plc (the "Company"). Below is an executive summary that highlights certain information contained elsewhere in our proxy statement. We encourage you to read the entire proxy statement carefully before voting.

Matters to Be Voted on at the 2022 Annual Meeting

Board

For More Detail,

Proposal

Recommendation

See Page:

  1. Election of Directors
  2. Ratification of PricewaterhouseCoopers AG as our independent registered public accounting firm for fiscal year 2023
  3. Non-binding,advisory vote to approve the Company's executive compensation

FOR each Nominee

9

FOR

41

FOR

42

Amcor plc

Amcor plc is a holding company incorporated under the laws of the Bailiwick of Jersey in July 2018. Amcor is a global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor has the global reach, scale and technical capabilities to offer an unrivaled value proposition for customers and works with leading companies around the world to protect their products and the people who rely on them, differentiate brands, and improve supply chains.

Business Highlights

Fiscal 2022 was another outstanding year of growth and execution against our strategy

Business continued to build sustainable organic sales growth momentum

Increasing investment for growth through innovation and sustainability and in high value priority segments

Expect another year of strong underlying growth in fiscal 2023

Resilient investment case to deliver strong shareholder returns

4

AMCOR plc 2022 Proxy Statement

Proxy Statement Summary

Nominees for Directors

Director

Committee Memberships

Name

Age

Since

Primary Occupation

Independent A

NG

C

E

Graeme Liebelt

68

2012

Former Managing Director & CEO, Orica Limited

Armin Meyer ù

73

2010

Former CEO & Chairman, Ciba Ltd.

Ron Delia

51

2015

CEO, Amcor plc

Achal Agarwal

63

2021

Former Chief Strategy & Transformation Officer,

Kimberly-Clark Corporation

Andrea Bertone

61

2019

Former President, Duke Energy International LLC

Susan Carter

63

2021

Former SVP & CFO, Ingersoll-Rand Plc

Karen Guerra

66

2010

Former President & Director General, Colgate

Palmolive France

Nicholas (Tom) Long

63

2017

Former CEO, MillerCoors, LLC

Arun Nayar

71

2019

Former EVP & CFO, Tyco International

David Szczupak

67

2019

Former EVP, Whirlpool

Chairman of the Board ùDeputy Chairman of the Board Committee Chair

A: Audit Committee NG: Nominating & Corporate Governance Committee

C: Compensation Committee E: Executive Committee

Geographic

Female

Racially or

Gender & Ethnic

Diversity

Ethnically Diverse

Diversity

Asia

Australia

Diverse

Female

1

1

3

3

Europe

3

5

7

7

Male

United

Not

Diverse

States

50%

Diversity

Tenure

Age

Less than

45-55

More than

years

10 years

3 years

1

2

2

e Te

66 years

or older

4

5.7 s

5

3-10

6

56-65

years

years

Skills and Experience

e e

64.6 s

Executive Leadership

10

Manufacturing and Operations

Financial and Professional Services

International Business Experience

10

6

10

Strategy and M&A

Technology, Innovation, and Sustainability

Fast Moving Consumer Goods

6

2

5

AMCOR plc 2022 Proxy Statement

5

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Disclaimer

Amcor plc published this content on 27 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2022 16:15:06 UTC.