Investor Presentaiton

Sources and uses of funds Transaction funding structure Debt facilities A$875m drawdown of new debt facilities, in the form of new A$1,050m committed debt facilities Orora has entered into a bilateral bridge facility which, subject to satisfying customary conditions precedent, is available for the purposes of funding the debt component of the Acquisition (and related costs and expenses) The term of the bridge facility is 12-months, subject to Orora's right to extend by a further six-months Debt drawdown will be in euros Results in pro forma leverage at Jun-23 of 2.50x Sources and uses of funds (1) Uses Consideration (2) Transaction costs Total uses 33 Sources Fully underwritten Equity Raising of approximately $1,345m comprising: Debt Equity Raising $450 million Placement; and - $895 million 1-for-2.55 accelerated non-renounceable pro rata entitlement offer Equity Total sources Offer Price of A$2.70 per New Share Notes: (1) Converted using EUR/AUD exchange ratio of 1.67. (2) Acquisition price on a debt free, cash free basis, subject to working capital and net debt adjustments. €m A$m 1,290 2,156 38 64 1,328 2,220 €m A$m 523 875 805 1,345 1,328 2,220 OR RA NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

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