On 4 November 2025, Klöckner Pentaplast (“kp” or the “Company”) and certain of its subsidiaries and affiliates initiated voluntary Chapter 11 proceedings in the United States Bankruptcy Court for the Southern District of Texas. The cases are pending joint administration under Case No. 25-90642 (CML) (the “Main Case Docket”). The case is being administered by the Honorable Christopher M. Lopez.

kp commenced the Chapter 11 cases to implement a Restructuring Support Agreement (“RSA”) that the Company entered into with a significant majority of its financial partners on the terms of a comprehensive financial restructuring plan. The restructuring plan will substantially reduce the Company’s funded debt by approximately €1.3 billion, which will meaningfully strengthen the Company’s balance sheet and enhance kp’s financial flexibility moving forward. Under the terms of the RSA, following the consummation of the restructuring plan, ownership of the Company will transition to certain of kp’s financial partners.

In connection with the US Chapter 11 process, kp has received commitments for €215 million in new debtor-in-possession (“DIP”) financing from certain of its financial partners. In connection with its “first day” hearing, kp has received interim approval from the Court to access this financing, which, together with cash generated from ongoing operations, will support the business and enable the Company to satisfy its obligations during the restructuring process. The Company has also received interim approval to pay vendors, suppliers, and business partners in full for goods received and services provided before and after the filing.

kp’s entities in the following countries are not included in the US Chapter 11 process: Argentina, Belarus, Brazil, Canada, China, Czech Republic, Egypt, India, Italy, Jersey, Mexico, Poland, Portugal, Russia, Switzerland, Thailand, Turkey, and UAE. Additionally, certain kp entities in Germany, Luxembourg, Netherlands, Spain, UK, and USA are not included in this process.

Additional information regarding kp’s US court-supervised process, including a list of filing and non-filing kp entities, is available at advancingkp.com.

Procedures for transfers of and Declarations of Worthlessness with respect to beneficial ownership of ordinary shares can be found HERE.