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15. Significant changes since 31 December 2021

The Company announced on 5 January 2022 that it had entered into an agreement to acquire Pactiv Evergreen Inc.’s Asia Pacific Fresh operations which consists of the three target companies Evergreen Packaging Korea Limited, Seoul, Evergreen Packaging (Shanghai) Co. Ltd, Shanghai and Evergreen Packaging (Taiwan) Co. Ltd, Taiwan (the “PE Transaction”). The PE Transaction is expected to close in the second or third quarter of 2022, subject to customary closing conditions.

Furthermore, on 1 February 2022, the Company announced that it had entered into an agreement to acquire 100% of Scholle IPN, a privately-held company, from CLIL Holding B.V. (the “Scholle Transaction”). The beneficial owner of CLIL Holding B.V. is Mr. Laurens Last. As part of the purchase price consideration for the Scholle Transaction, SIG will transfer to CLIL Holding B.V. 33,750,000 newly issued shares of the Company, to be created out of the Company’s authorised share capital. As a consequence, after consummation of the closing of the Scholle Transaction, which is expected to occur before the end of the third quarter of 2022, Mr. Laurens Last (through CLIL Holding B.V.) will hold approximately 9.1% of the shares in the Company and become the largest single shareholder in the Company. In addition, the Board of Directors will propose to the Annual General Meeting 2022 (i) to increase the number of shares that may be issued out of authorised capital under the exclusion of shareholders’ subscription rights and (ii) that Mr. Last be elected to the Board of Directors of the Company. Furthermore, the Board of Directors appointed Mr. Ross Bushnell, president and CEO of Scholle IPN – subject to and as of the closing of the Scholle Transaction – to the Group Executive Board. The consummation of the Scholle Transaction is subject to customary closing conditions.

Further information on the above will be provided in the Company’s Corporate Governance Report for the year 2022.