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Regulatory press release

Elopak ASA: Dag Mejdell to be nominated as new chairperson for the board of directors at the 2023 Annual General Meeting

Elopak
Oslo, February 15, 2023. Reference is made to the stock exchange announcement
published by Elopak ASA ("Elopak" or the "Company") on November 2, 2022 where
the Company announced that Jo Lunder is to step down as chairperson of the board
of directors in the Company (the "the Board of Directors"). Elopak is pleased to
announce the nomination of Dag Mejdell as the replacement for the outgoing
chairperson following a thorough search process led by the Company's nomination
committee (the "Nomination Committee"). The Nomination Committee's proposal will
be put forward for approval at the Company's upcoming annual general meeting on
May 11, 2023.

Dag Mejdell, a Norwegian national with a M.Sc. in Economics and Business
Administration «siviløkonom», is currently chairperson of the board in the
listed Norwegian companies Norsk Hydro and Sparebank 1 SR-Bank as well as
privately held companies Torghatten and Mestergruppen. Mr. Mejdell has
previously held executive positions as President and CEO of Posten Norge, the
listed company Dyno as well as private equity held Dyno Nobel.

Morten Borge, CEO at Ferd, representing Elopak's largest shareholder, said, "We
are thrilled to see Dag Mejdell nominated as the next chairperson of Elopak. Dag
brings extensive experience and knowledge and will be a valuable addition to the
Board of Directors. We are confident his experience will help Elopak to continue
to grow and develop in the years ahead. I would also like to express my
gratitude to Jo Lunder for his valuable contributions during his tenure
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