Smurfit Kappa currently holds 69.94% of the shares. Certain minority shareholders of Cartón, who hold approximately 15.54% of the shares in Cartón have entered agreements with Smurfit Kappa to tender their shares into the Transaction once launched.

The consideration payable under the Transaction, if all the minority shares are tendered, will amount to approximately EUR €90 million and will be funded from the Group's existing cash resources.

It is expected that the transaction will complete in the second quarter.

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