Smurfit Westrock

A Santiago paper machine produces approximately 250,000 tons per year. A. (“CMPC”) for consideration of $420 million , which represents a post-synergy transaction multiple of less than 6 times Adjusted EBITDA. We believe the business is highly complementary to our existing operations and provides an excellent platform from which to continue growing alongside our customers in Latin America . These assets are strategically located close to the country’s key fishery and agricultural regions, complementing our existing corrugated business and represent, for Smurfit Westrock, the opportunity to acquire one of the leading positions in containerboard and corrugated in Chile .

The well-invested paper machine, located in Santiago , produces approximately 250,000 tons per year and will strengthen our regional paper system. It will allow us to integrate recycled paper into our operations in Argentina , Peru , and Ecuador , while also enabling us to route kraftliner from Brazil and North America into the acquired corrugated assets in Chile . The Company intends to fund the transaction using its own liquid resources. Completion is expected during the first half of 2027, subject to customary closing conditions, including regulatory approvals.

Tony Smurfit, President and CEO , said: ‘ Opportunities to acquire a truly unique business like this one are rare. CMPC has nurtured and grown this business over many decades and brings tremendous expertise into the Smurfit Westrock organization. With both the extensive industry knowledge and geographic footprint that Smurfit Westrock brings to our new colleagues, I am very excited about future opportunities for growth and development across the region. ’ Alvaro Henao, CEO of Smurfit Westrock Latam , said: ‘In our previously announced Medium-Term Plan, we identified Latam as a region of growth and development both through internal investment and acquisition.

I am particularly happy to reach this agreement to acquire world- class assets in Chile with a formidable team that we look forward to welcoming into the Smurfit Westrock organization. ’ Forward Looking Statements This press release includes certain “forward-looking statements” (including within the meaning of Section 27A of the Securities Act of 1933, as amended, (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) regarding, among other things, the plans, strategies, outcomes, outlooks and prospects, both business and financial, of Smurfit Westrock, the expected timing, completion and benefits of the acquisition of CMPC’s Chilean containerboard and corrugated business; the ability to obtain regulatory approvals and satisfy other customary closing conditions; the anticipated strategic and operational benefits, integration opportunities, and synergies resulting from the transaction; the anticipated post-synergy transaction multiple; and the expected contribution of the acquired business to Smurfit Westrock’s Latin American operations; as well as Smurfit Westrock’s medium-term plan, including with respect to Smurfit Westrock’s anticipated path to delivering shareholder value and any other statements regarding the Company’s future expectations, beliefs, plans, objectives, capital allocation decisions, investment strategy and return on capital employed, results of operations, financial condition and cash flows, or future events, outlook, or performance.

Statements that are not historical facts, including statements about the beliefs and expectations of the management of Smurfit Westrock, are forward-looking statements. Words such as “may”, “will”, “could”, “should”, “would”, “anticipate”, “intend”, “estimate”, “project”, “plan”, “believe”, “expect”, “target”, “prospects”, “potential”, “commit”, “forecasts”, “aims”, “considered”, “likely” and variations of these words and similar future or conditional expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements.

Forward-looking statements are based on current beliefs and expectations, and while the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the control of the Company. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend upon future circumstances that may or may not occur.