Amcor increases holding in AMVIG to 39.3%

Amcor announces today that, subject to AMVIG Holdings Limited (AMVIG) shareholder approval, it is acquiring 78.3 million shares in the Hong Kong publicly-listed company AMVIG for a consideration of $HK700 million.

25 June, 2008:  The shares acquired would be by way of a placement by AMVIG to Amcor at a price of HK$8.94 per share. The placement price represents a premium of 5% over the weighted average AMVIG share price for the nine trading days prior to 20 June 2008. As a result of this placement and following the completion of the proposed acquisition recently announced by AMVIG, Amcor’s shareholding in AMVIG would increase from 35.4% to 39.3%.

AMVIG has a strategy of leading the consolidation of the tobacco packaging market in China and the funds raised from this share placement will be used to further advance that strategy.