Ceepackaging

Corporate

Constantia Packaging gets control of Austria Metal

Implementing a framework agreement signed March 23, 2007, Constantia Packaging
AG today signed a share purchase agreement to acquire all AMAG shares held by
Klaus Hammerer GmbH and a concurrent agreement to transfer AMAG’s extrusion
business to the Hammerer family by a de-merger of AMAG.
Also today, Constantia Packaging AG signed a share purchase agreement with the
AMAG employee trust (AMAG Arbeitnehmer Privatstiftung) to acquire an additional
12.06% stake in AMAG. These agreements result in the following new ownership
structure for AMAG: Constantia Packaging AG 73.45%; Constantia Packaging B.V.,
Netherlands, 16.55%; AMAG Arbeitnehmer Privatstiftung 10%.
The closing date of the transactions and in particular the approval of the antitrust
authorities are expected in the second half of 2007.
Constantia Packaging AG will indirectly acquire a 12.83% stake (2,156,000 shares) in
treasury shares currently held by AMAG. For now, no decision has been made on the
use of these shares.
AMAG is Austria’s leading manufacturer of cast and semi-finished aluminum products
for the processing industry. In 2006, the company (excluding the extrusion business)
had sales of approximately €830 million and some 1,300 employees.