Positioned for Continued Growth

ACCELERATING START UP OF NEW CRB MACHINE Graphic Packaging INTERNATIONAL K2 CRB Machine Hall and Campus (Rendering) Kalamazoo, Michigan ©2021 Graphic Packaging International Kalamazoo Project Update • • • O O Start-up paperboard production on new machine in Q4 ‘21, ahead of schedule $100M projected benefit to EBITDA Expect to capture 1st $50M in '22 Expect to capture 2nd $50M in '23 Multiple benefits: Increased CRB integration Best in class cost structure Lowest basis weight and caliper profile in North America Highest quality CRB sheet in the market Reduced environmental impact 14

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