Holding(s) in Company

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

Rexam PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

X

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

X

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation: iii

Bank of America Corporation

4. Full name of shareholder(s)

(if different from 3.):iv

Merrill Lynch International

Merrill Lynch Pierce Fenner & Smith Incorporated Merrill Lynch Financial Markets INC

Bank of America NA

U.S. Trust Co of Delaware

5. Date of the transaction and date on

which the threshold is crossed or reached: v

25th May 2016

6. Date on which issuer notified:

27th May 2016

7. Threshold(s) that is/are crossed or reached: vi, vii

Above 5%, 6% and 7%

  8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of

shares

if possible using the ISIN CODE

Situation previous

to the triggering transaction

Resulting situation after the triggering transaction

Number

of Shares

Number

of Voting Rights

Number

of shares

Number of voting

rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00BMHTPY25

Below notifiable threshold

Below notifiable threshold

0

0

29,845,405

0

4.229%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial

instrument

Expiration

date xiii

Exercise/

Conversion Period xiv

Number of voting

rights that may be acquired if the instrument is exercised/ converted.

% of voting

rights

Right to Recall Securities

N/A

N/A

9,030,034

1.280%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

xv, xvi

Resulting situation after the triggering transaction

Type of financial

instrument

Exercise

price

Expiration

date xvii

Exercise/

Conversion period xviii

Number of voting rights

instrument refers to

% of voting rights xix,

xx

Nominal

Delta

Swaps

N/A

Jun 2016

N/A

937,900

0.133%

0.133%

Swaps

N/A

Aug 2016

N/A

96,900

0.014%

0.014%

Swaps

N/A

Sep 2016

N/A

20,300

0.003%

0.003%

Swaps

N/A

Nov 2016

N/A

7,647,018

1.084%

1.084%

Swaps

N/A

Dec 2016

N/A

647,500

0.092%

0.092%

Swaps

N/A

Mar 2017

N/A

2,696,868

0.382%

0.382%

Swaps

N/A

Apr 2017

N/A

1,491,862

0.211%

0.211%

Swaps

N/A

Sep 2016

N/A

3,554

0.001%

0.001%

Swaps

N/A

Oct 2016

N/A

200,549

0.028%

0.028%

Swaps

N/A

Nov 2016

N/A

1,630

0.000%

0.000%

Swaps

N/A

Jan 2017

N/A

33,118

0.005%

0.005%

Swaps

N/A

May 2017

N/A

6,630

0.001%

0.001%

Swaps

N/A

Aug 2017

N/A

228,004

0.032%

0.032%

Swaps

N/A

Sep 2017

N/A

728

0.000%

0.000%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

52,888,000

7.494%

  Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Harshini Gopa

15. Contact telephone number:

0207 996 3410