TIDMSKG

SKG successfully extends its debt maturities

Dublin, London, 29 February, 2012: Further to its press release of 8 February 2012, Smurfit Kappa Group plc ("SKG") is pleased to announce a very successful result to the planned extension of its debt maturities. Today, the Group confirmed that it had received consents in excess of 95% to the proposed amendments to its Senior Credit Facility. The minimum required level of consents is 66.66%.

Lenders holding in excess of 85% of Term Loans B & C and 70% of the Revolving Credit Facilities have elected to extend their commitments, as requested in the Amendment Letter of 8 February.

Smurfit Kappa Group's Chief Financial Officer, Mr Ian Curley, commented: "As part of our ongoing capital structure management, we are pleased to report a very successful result to the amendment of our Senior Credit Facility. Our net debt reduction of EUR358 million to EUR2.75bn in the full year 2011 combined with the extension of our debt maturity profile provides us with significantly enhanced financial flexibility."

About Smurfit Kappa Group

Smurfit Kappa Group is a world leader in paper-based packaging with operations in Europe and Latin America. Smurfit Kappa Group operates in 21 countries in Europe and is the European leader in containerboard, solidboard, corrugated and solidboard packaging and has a key position in several other packaging and paper segments. Smurfit Kappa Group also has a growing base in Eastern Europe and operates in 9 countries in Latin America where it is the only pan-regional operator.

 
Contacts 
Bertrand Paulet               FTI Consulting 
Smurfit Kappa Group 
 
Tel: +353 1 202 71 80         Tel: +353 1 663 36 80 
E-mail: ir@smurfitkappa.com   E-mail: smurfitkappa@fticonsulting.com
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