Business Partner Information

Dear Friends, we are happy to report about an important business transaction that fosters our long-term plan for our core business

Schoeller Packaging and Schoeller Allibert Group

who continues to focus globally on a more

efficient, sustainable and intelligent supply chain through returnable packaging systems.

Partner Information - Schoeller Group, Pullach, 8th January, 2018

It is with great pleasure that we can announce that the Schoeller Group, Pullach, our family management holding, has entered into an agreement with J. P. Morgan and Brookfield Business Partners L.P. that Schoeller and Brookfield will acquire together the participation of JP Morgan Chase & Co. in Schoeller Allibert. We expect that we get merger control permission within the second quarter 2018.

 Brookfield is one of the largest global alternative asset managers based in Canada with more than $ 250 billion of assets under management and a worldwide presence focused on infrastructure, real estate and industry.

 Together with Brookfield we will continue to grow the Schoeller Allibert Group also outside Europe and the United States. This will also include acquisitions and participations to build a global network of partnerships, which will offer interesting synergies to its members, stakeholders, customers and suppliers.

 Schoeller Allibert remains focused on returnable packaging systems, with the goal to make the supply chain more sustainable, more efficient and more intelligent.

The new partnership between Brookfield and us is based on the spirit of an equal partnership. The supervisory board of Schoeller Allibert will be formed on a 50 : 50 basis, whereas we both will act as Co-Chairmen.

 The management structure under the professional leadership of Ian Robinson (Chief Executive Officer), Ian Degnan (Chief Financial Officer), Ludo Gielen (Chief Innovation and Marketing Officer) and Christian Uhlik (President International) will stay unchanged.

 Schoeller Group will hold 48% of the voting shares and 30% after acquiring 5% from BCP at closing which will grow up to 40% of the economic shares.

 We want to thank especially Rick Smith of JP Morgan, his team and our management, who supported and facilitated this change-over transaction in a jointly agreed professional and fair process.

 We are excited and looking forward to the new partnership. Brookfield’s vast international presence, which will be made available to Schoeller Allibert, will be a valuable addition to our international network. A formal press release with further details will be published at closing.

We look forward to a further dialogue and joint opportunities.

With kind regards,

Martin Schoeller                   Christoph Schoeller