Rexam to Build New Beverage Can Plant in Denmark to Meet Growth in Europe

LONDON, Oct. 19 -- Rexam, the global consumer packaging company and the world's leading beverage can maker, announces that it is to build a greenfield aluminium beverage can plant in Fredericia, Denmark. The new facility, which is the first of its kind in Denmark, represents a capital investment of some Euro 78m (Euros 112m) spread over three years, two thirds of which will be incurred in 2008. The plant is expected to be operational during the first half of 2009 and is being built in response to strong growth in the region and increasing customer demand. It will initially have a capacity of 1.2bn cans and produce 33cl and 50cl cans. Due to this strong growth, the European beverage can industry overall is running at very high utilisation rates. The new plant supports Rexam's capacity needs and will help to optimise its supply of beverage cans to the Northern European market. Leslie Van de Walle, Chief Executive Officer, Rexam, commented: "This is a significant investment for our customers and for Rexam. The European beverage can market, excluding Germany, has grown annually by 8% in recent years and is anticipated to continue to grow at a similar rate over the next three years fuelled, among others things, by strong growth in the Nordic region. Our new plant will enable us to capture growth, better serve our customers and further consolidate our global leadership position in beverage cans." Enquiries Leslie Van de Walle, Chief Executive Officer +44 20 7227 4100 David Robbie, Group Finance Director Jonathan Thornton, Group Communications Director Taylor Rafferty Brian Rafferty, Managing Director 212 889 4350 Rexam is a leading global consumer packaging company and the largest beverage can maker in the world. Our vision is to be the leading global consumer packaging company. We are business partners to some of the world's most famous and successful consumer brands as well as young, entrepreneurial start-ups. We offer a broad range of packaging services and solutions for different industries, using different materials and technologies. Three things characterise us - leadership in our industry, our commitment to innovation and our passion to deliver exceptional value. Following the acquisition of O-I Plastics, Rexam's sales from ongoing operations are approximately Euro 3.7 billion. We employ some 23,500 people in more than 20 countries and are a member of the FTSE 100. Rexam's ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX and on the Nasdaq under REXMY.