BALL ANNOUNCES AN ACCELERATED SHARE REPURCHASE FOR US$300 MILLION

Multinational Ball Corporation has just announced that it has reached an agreement to repurchase approximately $300 million of its outstanding common stock in an accelerated, privately negotiated repurchase transaction with Mizuho Markets Americas LLC, using available cash and borrowings.

“This share repurchase, which is part of our previously announced planned purchases for the year, is consistent with our balanced capital deployment strategy that includes returning value to shareholders in the form of share repurchases and dividends and investing in EVA-generating growth projects,” says Scott C. Morrison, executive vice president and chief financial officer.

Subject to certain conditions, the transaction, which has already been initiated, will result in the reduction of Ball’s outstanding common stock by a total of approximately 4.3 million shares. Following this transaction, approximately 21 million shares will remain available for repurchase under the company’s existing authorization.

In addition, the shares are subject to a market price adjustment provision at the conclusion of the accelerated share repurchase transaction, which may require Ball to make a settlement, generally based on the volume-weighted average trading price of the company’s shares over an agreed period of time.