Reynolds Group Holdings Limited Provides Revised Financial Statements

Thu Nov 3, 2011 3:31pm EDT

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Reynolds Group Holdings Limited Provides Revised Financial Statements

Reynolds Group Holdings Limited (“Reynolds Group”) today announced that it has filed a Registration Statement on Form F-4 with the Securities and Exchange Commission (the “SEC”) which includes (i) revised financial statements for Reynolds Group as of December 31, 2010 and 2009 and for each of the three years in the period ended December 31, 2010 and its interim unaudited financial statements as of June 30, 2011 and for the six month periods ended June 30, 2011 and 2010; (ii) revised financial statements for Beverage Packaging Holdings (Luxembourg) I S.A. as of December 31, 2010 and 2009 and for each of the three years in the period ended December 31, 2010 and its interim unaudited financial statements as of June 30, 2011 and for the six month periods ended June 30, 2011 and 2010; (iii) revised financial statements for Beverage Packaging Holdings (Luxembourg) I S.A. together with Beverage Packaging Holdings (Luxembourg) II S.A. as of December 31, 2010 and 2009 and for each of the three years in the period ended December 31, 2010 and its interim unaudited financial statements as of June 30, 2011 and for the six month periods ended June 30, 2011 and 2010 and (iv) revised financial statements for Graham Packaging Company Inc. as of December 31, 2010 and 2009 and for the years ended December 31, 2010, 2009 and 2008 and its interim unaudited financial statements as of June 30, 2011 and for the three and six months ended June 30, 2010 and 2011.

The Registration Statement also includes combined financial statements for Dopaco, Inc. and Dopaco Canada, Inc. as of May 1, 2011 and December 26, 2010 and for the 126-day period ending May 1, 2011 and the years ended December 26, 2010 and December 27, 2009, which were not previously available.

The revisions were made in connection with the public filing of the Registration Statement on Form F-4 with the SEC and do not include material changes to previously reported results.

The revised financial statements can be found on the SEC’s website which can be accessed at the following link: http://www.sec.gov/Archives/edgar/data/813134/000095012311094706/y92516fv4.htm

This press release is not an offer to sell or a solicitation of an offer to purchase any indebtedness and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful.

About Reynolds Group:

Reynolds Group is a leading global manufacturer and supplier of consumer food and beverage packaging and storage products: Reynolds Group is based in Auckland, New Zealand. Additional information regarding Reynolds Group is available at www.reynoldsgroupholdings.com.

Forward-Looking Statements:

This press release may contain “forward-looking statements.” Forward-looking statements include statements regarding the goals, beliefs, plans or current expectations of Reynolds Group, taking into account the information currently available to our management. Forward-looking statements are not statements of historical fact. For example, when we use words such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “should,” “would,” “could,” “may,” “will” or other words that convey uncertainty of future events or outcomes, we are making forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such uncertainties, risks and assumptions, include, but are not limited to: risks related to the recent acquisition of Graham Packaging Company Inc. (including, without limitation, risks related to Reynolds Group’s ability to achieve the expected strategic benefits and operational cost synergies); risks related to the cost of raw materials, our suppliers for raw materials and any interruption to our supply of raw materials; risks related to our substantial indebtedness and our ability to service our indebtedness; risks related to our aluminum hedging activities and other hedging activities may result in significant losses and in period-to-period earnings volatility; risks related to downturns in our target markets; risks related to increases in interest rates which would increase the cost of servicing our debt; risks related to dependence on the protection of our intellectual property and the development of new products; risks related to exchange rate fluctuations; risks related to the consolidation of our customer base, competition and pricing pressure; risks related to the impact of a loss of one of our manufacturing facilities; risks related to our exposure to environmental liabilities and potential changes in legislation or regulation; and risks related to our dependence on key management and other highly skilled personnel.

Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by the cautionary statements referred to above.

Reynolds Group Holdings Limited
enquiries@reynoldsgroupholdings.com
Joseph E. Doyle - + 1-847-482-2409

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