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Amcor and Berry to combine, creating a global leader
in consumer and healthcare packaging solutions
Important Information for Investors and Shareholders
This communication does not constitute an offer to sell or the solicitation of an offer to buy or exchange any securities or a solicitation of any vote or
approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. It does not constitute a prospectus or prospectus
equivalent document. No offering or sale of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the
US Securities Act of 1933, as amended, and otherwise in accordance with applicable law.
In connection with the proposed transaction between Amcor plc (“Amcor”) and Berry Global Group, Inc. (“Berry”), Amcor and Berry intend to file relevant
materials with the Securities and Exchange Commission (the “SEC”), including, among other filings, an Amcor registration statement on Form S-4 that
will include a joint proxy statement of Amcor and Berry that also constitutes a prospectus of Amcor with respect to Amcor’s ordinary shares to be issued
in the proposed transaction, and a definitive joint proxy statement/prospectus, which will be mailed to shareholders of Amcor and Berry (the “Joint Proxy
Statement/Prospectus”). Amcor and Berry may also file other documents with the SEC regarding the proposed transaction. This document is not a
substitute for the Joint Proxy Statement/Prospectus or any other document which Amcor or Berry may file with the SEC. INVESTORS AND SECURITY
HOLDERS OF AMCOR AND BERRY ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER DOCUMENTS
THAT WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN
THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION AND RELATED MATTERS. Investors and security holders will be able to obtain free copies of the registration statement and the Joint
Proxy Statement/Prospectus (when available) and other documents filed with the SEC by Amcor or Berry through the website maintained by the SEC
at http://www.sec.gov. Copies of the documents filed with the SEC by Amcor will be available free of charge on Amcor’s website at amcor.com under
the tab “Investors” and under the heading “Financial Information” and subheading “SEC Filings.” Copies of the documents filed with the SEC by Berry
will be available free of charge on Berry’s website at berryglobal.com under the tab “Investors” and under the heading “Financials” and subheading
“SEC Filings.”
Certain Information Regarding Participants
Amcor, Berry, and their respective directors and executive officers may be considered participants in the solicitation of proxies from the shareholders
of Amcor and Berry in connection with the proposed transaction. Information about the directors and executive officers of Amcor is set forth in its
Annual Report on Form 10-K for the year ended June 30, 2024, which was filed with the SEC on August 16, 2024 and its proxy statement for its 2024
annual meeting, which was filed with the SEC on September 24, 2024. Information about the directors and executive officers of Berry is set forth in its
Annual Report on Form 10-K for the year ended September 30, 2023, which was filed with the SEC on November 17, 2023, its proxy statement for its
2024 annual meeting, which was filed with the SEC on January 4, 2024, and its Current Reports on Form 8-K, which were filed with the SEC on
February 12, 2024, April 11, 2024, September 6, 2024 and November 4, 2024. To the extent holdings of Amcor’s or Berry’s securities by its directors
or executive officers have changed since the amounts set forth in such filings, such changes have been or will be reflected on Initial Statements of
Beneficial Ownership on Form 3 or Statements of Beneficial Ownership on Form 4 filed with the SEC. Information about the directors and executive
officers of Amcor and Berry, including a description of their direct or indirect interests, by security holdings or otherwise, and other information regarding
the potential participants in the proxy solicitations, which may be different than those of Amcor’s shareholders and Berry’s stockholders generally, will
be contained in the Joint Proxy Statement/Prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction. You
may obtain these documents (when they become available) free of charge through the website maintained by the SEC at http://www.sec.gov and from
Amcor’s or Berry’s website as described above.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains certain statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act and
Section 21E of the Exchange Act. Some of these forward-looking statements can be identified by words like “anticipate,” “approximately,” “believe,”
“continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “outlook,” “plan,” “potential,” “possible,” “predict,” “project,” “target,” “seek,” “should,”
“will,” or “would,” the negative of these words, other terms of similar meaning or the use of future dates. Such statements, including projections as to
the anticipated benefits of the proposed transaction, the impact of the proposed transaction on Amcor’s and Berry’s business and future financial and
operating results and prospects, the amount and timing of synergies from the proposed transaction, the terms and scope of the expected financing in
connection with the proposed transaction, the aggregate amount of indebtedness of the combined company following the closing of the proposed
transaction and the closing date for the proposed transaction, are based on the current estimates, assumptions and projections of the management of
Amcor and Berry, and are qualified by the inherent risks and uncertainties surrounding future expectations generally, all of which are subject to change.
Actual results could differ materially from those currently anticipated due to a number of risks and uncertainties, many of which are beyond Amcor’s
and Berry’s control. None of Amcor, Berry or any of their respective directors, executive officers, or advisors, provide any representation, assurance or
guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur, or if any of them do occur, what
impact they will have on the business, results of operations or financial condition of Amcor or Berry. Should any risks and uncertainties develop into
actual events, these developments could have a material adverse effect on Amcor’s and Berry’s businesses, the proposed transaction and the ability
to successfully complete the proposed transaction and realize its expected benefits. Risks and uncertainties that could cause results to differ from
expectations include, but are not limited to, the occurrence of any event, change or other circumstance that could give rise to the termination of the
merger agreement; the risk that the conditions to the completion of the proposed transaction (including shareholder and regulatory approvals) are not
satisfied in a timely manner or at all; the risks arising from the integration of the Amcor and Berry businesses; the risk that the anticipated benefits of
the proposed transaction may not be realized when expected or at all; the risk of unexpected costs or expenses resulting from the proposed transaction;
the risk of litigation related to the proposed transaction; the risks related to disruption of management’s time from ongoing business operations as a
result of the proposed transaction; the risk that the proposed transaction may have an adverse effect on the ability of Amcor and Berry to retain key
personnel and customers; general economic, market and social developments and conditions; the evolving legal, regulatory and tax regimes under
which Amcor and Berry operate; potential business uncertainty, including changes to existing business relationships, during the pendency of the
proposed transaction that could affect Amcor’s and/or Berry’s financial performance; and other risks and uncertainties identified from time to time in
Amcor’s and Berry’s respective filings with the SEC, including the Joint Proxy Statement/Prospectus to be filed with the SEC in connection with the
proposed transaction. While the list of risks presented here is, and the list of risks presented in the Joint Proxy Statement/Prospectus will be, considered
representative, no such list should be considered to be a complete statement of all potential risks and uncertainties, and other risks may present
significant additional obstacles to the realization of forward-looking statements. Forward-looking statements included herein are made only as of the
date hereof and neither Amcor nor Berry undertakes any obligation to update any forward-looking statements, or any other information in this
communication, as a result of new information, future developments or otherwise, or to correct any inaccuracies or omissions in them which become
apparent. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement. |