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Management Side
Reynolds Group Holdings Aims to Acquire Evergreen Packaging and Whakatane Paper Mill
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Auckland, New Zealand, 16 April 2010 -- (BUSINESS WIRE) -- Reynolds Group Holdings Limited today announced its intention to acquire the Evergreen Packaging group of companies and the Whakatane paper mill from Carter Holt Harvey Limited, a New Zealand company which is ultimately owned by Graeme Hart, the owner of Reynolds Group Holdings Limited. The acquisitions are expected to occur in May 2010. The Evergreen Packaging group of companies manufacture fresh carton packaging systems for beverage products, primarily serving the juice and milk end markets.

The acquisitions are expected to be financed with approximately USD 1.75 billion of new debt, which is expected to be guaranteed by Reynolds Group Holdings Limited and certain of its subsidiaries as well as certain members of the Evergreen Packaging group of companies. There can be no assurance that Reynolds Group Holdings Limited will be successful in acquiring the Evergreen Packaging group of companies or the Whakatane Mill or in obtaining the required financing.

Reynolds Group Holdings Limited is a leading global manufacturer and supplier of consumer food and beverage packaging and storage products and operates through three segments, SIG, Reynolds Consumer, and Closures. Reynolds Group Holdings Limited is based in Auckland, New Zealand. Additional information regarding Reynolds Group Holdings Limited is available at www.reynoldsgroupholdings.com.



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