MEDIA RELEASE

12 June 2020
SIG Combibloc Group AG ("SIG")

SIG announces debt refinancing

SIG Combibloc PurchaseCo S.à r.l. (the "Issuer"), a subsidiary of SIG, has completed the pricing of €450 million Senior Unsecured Notes due 2023 at a coupon of 1.875% per annum and €550 million Senior Unsecured Notes due 2025 at a coupon of 2.125% per annum (collectively, the "Notes"). Certain subsidiaries of SIG, including the Issuer, have also entered into new sustainability-linked loan facilities (comprising a €550 million term loan facility and a €300m revolving credit facility) priced at Euribor+100bps, which were preplaced with a broad range of relationship and investment banks in March 2020. The net proceeds from the Notes and the facilities will be used to fully refinance SIG's existing €1,250m million Term Loan A, €350 million Term Loan B and €300 million revolving credit facility. The offering of the Notes is expected to close and the Notes are expected to be issued on or around 18 June 2020.

SIG has corporate and bond ratings of BBB- from S&P and Ba2 from Moody's. It has an AA ESG rating by MSCI, an 18.8 (low risk) score by Sustainalytics and a Platinum CSR rating by EcoVadis.

Samuel Sigrist, CFO of SIG, commented: "We are very pleased with the market reception of our first bond issue since our IPO in 2018. The issuance will allow us to benefit from a fully unsecured capital structure, while extending our debt maturity profile. The attractive pricing demonstrates investor recognition of our resilient business model, proven growth strategy and leading sustainability profile. The loan facilities which are part of this re-financing are linked to our ambitious sustainability targets, including an ongoing reduction in greenhouse gas emissions and further increases in our score from EcoVadis, where we already have a Platinum rating."

Investor contact:

Jennifer Gough +41 52 674 6508
Director Investor Relations
SIG Combibloc Group AG
Neuhausen am Rheinfall, Switzerland
jennifer.gough@sig.biz

Media contact:

Lemongrass Communications
Andreas Hildenbrand +41 44 202 5238
andreas.hildenbrand@lemongrass.agency

About SIG
SIG is a leading systems and solutions provider for aseptic carton packaging. We work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable and affordable way. Our unique technology and outstanding innovation capacity enable us to provide our customers with end-to-end solutions for differentiated products, smarter factories and connected packs, all to address the ever-changing needs of consumers.

Founded 1853, SIG is headquartered in Neuhausen, Switzerland. The skills and experience of our approximately 5,500 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 60 countries. In 2019, SIG produced 38 billion carton packs and generated €1.8 billion in revenue. For more information, visit www.sig.biz.

This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

The Notes are to be sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act, and non-U.S. persons outside the United States in compliance with Regulation S of the Securities Act.

In member states of the European Economic Area ("EEA") and the United Kingdom, this announcement is directed only at persons who are "qualified investors" under Regulation (EU) 2017/1129, as amended.

Within the United Kingdom, this release is for distribution only to and directed only at persons who (a) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Financial Promotion Order"), (b) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations, etc.") of the Financial Promotion Order, (c) are outside the United Kingdom, or (d) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the investment may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as "relevant persons"). The investment is not being offered to the public in the United Kingdom. This release is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. The investment or investment activity to which this release relates is only available to, and will only be engaged in with, relevant persons and any person who receive this release who is not a relevant person should not rely or act upon it.

MiFID II professionals/ECPs-only / No PRIIPs KID - Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the United Kingdom.

This announcement is not an offer to sell or a solicitation of offers to purchase or subscribe for any securities. This announcement is not a prospectus within the meaning of the Swiss Code of Obligations in its version as it was effective immediately prior to the entering into force of the Swiss Financial Services Act, nor is it a listing prospectus as defined in articles 27 et seqq. of the listing rules of SIX Exchange Regulation AG or of any other stock exchange or regulated trading venue in Switzerland nor is it a prospectus within the meaning of the Swiss Financial Services Act nor a prospectus under any other applicable laws. Copies of this announcement may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy securities, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction. A decision to invest in securities of the Issuer should be based exclusively on the offering circular published by the Issuer for such purpose.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.

This publication may contain specific forward-looking statements, e.g., statements including terms like "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may result in a substantial divergence between the actual results, financial situation, development or performance of SIG and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. SIG assumes no responsibility to up-date forward-looking statements or to adapt them to future events or developments.