Smurfit Kappa Announces the Pricing of a Senior Notes Offering

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SKG:ID SKG:LN

Dublin, London, 30 January, 2019: Smurfit Kappa Group plc (‘SKG’ or the “Group”) today announces that it has successfully priced an upsized offering by one of its wholly-owned subsidiaries, Smurfit Kappa Acquisitions Unlimited Company (the “Issuer”), of €400 million of euro denominated senior notes due 2026 (the “Notes”). The Notes will be issued under the indenture (the “Indenture”) governing the Issuer’s outstanding euro denominated senior notes due 2026 (the “Existing Notes”) and will form a single series with the Existing Notes for all purposes under the Indenture, including, without limitation, waivers, amendments, redemptions and offers to purchase. The Notes will have the same ISIN and common code as the Existing Notes, provided that the Notes will initially be issued bearing a temporary ISIN and common code.

The Notes priced at 100.75% plus accrued and unpaid interest from 15 January 2019 and have a coupon of 2.875% and a yield to maturity of 2.756%. The closing of the sale of the Notes is scheduled to be completed on 4 February 2019, and is subject to customary conditions.

The Notes are being offered in a private placement and there will be no public offering of the Notes. The Notes will be offered and sold only to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended.