Disposal

24 March 2014

Rexam announces proposed sale of remaining Healthcare business

Rexam PLC, a leading global beverage can maker, announces that it has received a binding offer from Berry Plastics Group, Inc. of $135m in cash, subject to certain adjustments at closing, to acquire the remaining Containers & Closures division of Rexam's Healthcare business. The transaction requires consultation with French works council and is conditional on the necessary regulatory approvals. It is expected to complete around the middle of this year.

This announcement follows that of 3 February 2014 regarding the proposed sale of the other two divisions within Rexam's Healthcare business. That transaction is progressing according to plan and is expected to complete in the second quarter of this year, following which Rexam plans to return around £450m to shareholders.

Enquiries

Investors

Sandra Moura, Head of Investor Relations, Rexam +44 20 7227 4100

Media

Jonathan Thornton, Head of Communications, Rexam +44 20 7227 4100

Katharine Wynne, Tulchan Communications +44 20 7353 4200

Martin Robinson, Tulchan Communications +44 20 7353 4200

Barclays advised Rexam on the transaction.

Editors' notes:

Rexam is a leading global beverage can maker. We are business partners to some of the world's most famous and successful consumer brands. Our vision is to be the best beverage can maker in the world. We have 55 can making plants in more than 20 countries and employ around 8,000 people. In 2013 our sales were £3.9 billion.

Rexam is a member of the FTSE 100 and its ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX. Visit www.rexam.com for further information.