Aluflexpack AG: Notice on good progress at Eliopack

Reinach (pta039/08.08.2019/18:01 UTC+2) On June 25th, Aluflexpack AG ("Aluflexpack" or "Group") informed the public about a fire that had occurred at its subsidiary Eliopack in the industrial zone of Ajeux in La Ferté-Bernard, France. The fire broke out outside of the production building in the washing area close to the ink department and affected parts of the facilities' electrical infrastructure, caused damage to existing stock and assets in or in proximity to the facilities' ink department and led to temporary alternative production routing within the Group, which proved effective.

Independent experts' investigation of the incident confirms on a preliminary basis that the fire was caused by a broken cable and that there were no wrongdoings by Eliopack. Moreover, authorities affirm the legal conformity of existing safety and construction measures of the building and operations, which limited the damage and prevented any environmental issues related to the incident.

Aluflexpack confirms that the electrical infrastructure has been completely reinstalled. Production areas not affected by fire have been fully operational within one week after the incident and performing flawlessly ever since. Other machines started production within three weeks after the incident. The cleaning and decontamination process of the remaining machines is still ongoing and progressing well. Management expects the process to be finished stepwise in the second halve of August and to be able to resume production on these machines in usual manner and in accordance with the companies' high quality standards.

Based on initial and ongoing discussions with customers and insurance companies, Aluflexpack's management expects all costs related to the incident to be covered by existing insurance policies regarding the areas property damage, business interruption and liability and confirms its initial expectation, that the incident will not lead to a material loss of revenues or contribution margin on a group level, if at all.

"Several departments of Eliopack started normal operation within a week, others after three weeks. Soon, we expect the remaining machines to be ready to produce. In the meantime, close cooperation with our customers, effective contingency plans and alternative production routes assured no significant interruption of deliveries. I thank our customers, partners and all involved for their fantastic support and continued trust", says Igor Arbanas, CEO of Aluflexpack.

Media contacts
Lukas Kothbauer
Head of Investor Relations and M&A
lukas.kothbauer@aluflexpack.com
+43 664 858 11 24

About Eliopack:
Eliopack is situated in the industrial zone of Ajeux in La Ferté-Bernard, France. Eliopack manufactures flexible packaging materials mainly for the pharmaceutical and human food end market, where it focusses on converting, printing, slitting and die cutting. As of the financial year ended December 31, 2018, Eliopack employed 80 employees and generated net sales of EUR 23,782 thousands, primarily in France but also in some other European markets. The company was acquired by AFP Group GmbH, a wholly-owned subsidiary of Aluflexpack, in July 2015. AFP Group GmbH holds 80% of the interest in Eliopack.

About Aluflexpack AG:
Aluflexpack produces flexible packaging solutions mainly for end markets such as coffee/tea, pharmaceuticals, pet food, confectionery and dairy. Well-established insights, service flexibility and innovative strength are what underpin long-term customer relationships; both with locally operating companies and large international corporations. Aluflexpack, headquartered in Reinach (AG), Switzerland, has production facilities in Switzerland, France and Turkey and four production facilities in Croatia. The number of employees as of March 31, 2019 was approximately 1,150. www.aluflexpack.com

Disclaimer
Some of the information contained in this press release may be forward-looking statements. Aluflexpack AG cautions that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Aluflexpack AG undertakes no obligation to publicly update or revise any forward-looking statements.

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Emitter:	Aluflexpack AG Alte Aarauerstrasse 11 5734 Reinach Switzerland
Contact Person:	Lukas Kothbauer
Phone:	+43 664 8581 124
E-Mail:	lukas.kothbauer@aluflexpack.com
Website:	www.aluflexpack.com
ISIN(s):	CH0453226893 (Share)
Stock Exchange(s):	SIX Swiss Exchange