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18 Sep 2012

Pricing of New Senior Secured Floating Rate Notes Offering

Smurfit Kappa Group plc (the "Group") one of the world’s largest integrated manufacturers of paper-based packaging products, with operations in Europe and Latin America, today announced that it had successfully completed the pricing of an offering of €250 million of senior secured floating rate notes due 2020 to be issued by its wholly owned subsidiary Smurfit Kappa Acquisitions.

The net proceeds of the offering will be used to prepay a portion of the Group’s outstanding term loans under its senior credit facility and to pay certain fees and expenses related to the offering.

The notes are being offered in a private placement and there will be no public offering of the notes.The notes priced at an issue price of 100 percent and at an interest rate of three-month EURIBOR, reset quarterly, plus 350 basis points. The closing of the sale of the notes is scheduled to be completed on 21 September 2012, and is subject to customary conditions.

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF SMURFIT KAPPA ACQUISITIONS.  NOT FOR DISTRIBUTION OR RELEASE IN OR INTO ANY JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW