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SKG successfully extends its debt maturities

29 February, 2012

SKG successfully extends its debt maturities

Further to its press release of 8 February 2012, Smurfit Kappa Group plc (“SKG”) is pleased to announce a very successful result to the planned extension of its debt maturities.

Today, the Group confirmed that it had received consents in excess of 95% to the proposed amendments to its Senior Credit Facility. The minimum required level of consents is 66.66%.

Lenders holding in excess of 85% of Term Loans B & C and 70% of the Revolving Credit Facilities have elected to extend their commitments, as requested in the Amendment Letter of 8 February.

Smurfit Kappa Group’s Chief Financial Officer, Mr Ian Curley, commented: “As part of our ongoing capital structure management, we are pleased to report a very successful result to the amendment of our Senior

Credit Facility. Our net debt reduction of €358 million to €2.75bn in the full year 2011 combined with the extension of our debt maturity profile provides us with significantly enhanced financial flexibility.”

SKG successfully extends its debt maturities

SKG successfully extends its debt maturities