November 23, 2023: Reference is made to the stock notice on April 12, 2023, in
which Elopak ASA (the "Company") announced the award of Performance Share Units
("PSUs") to executive management as part of the Company's Long Term Incentive
Program. Each vested PSU gives the holder the right to receive one share in the
Company. Members of the executive management (all of which are primary insiders)
receive a total of 148,715 shares today in the first tranche of vesting. 

The transaction is settled in treasury shares. Following the transaction, the
Company holds 117,344 treasury shares. Further details of the primary insiders'
transactions pursuant to the market abuse regulation article 19 are attached.

Some of the primary insiders have ordered for a portion of the received shares
to be immediately sold by a third party in order to cover the tax liability. The
sales amount will be determined based on the price obtained by the third party
when selling the shares in the market. Final compensation for the transferred
rights will be reported to Oslo Stock Exchange when known.

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 1 and section 5-2 of to the Norwegian
Securities Trading Act.

For further information, please contact:

Mirza Koristovic, Head of IR
E-mail: investors@elopak.com
Tel: +47 93 87 05 25

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© Oslo Bors ASA, source Oslo Stock Exchange