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THIS DOCUMENT DOES NOT CONTAIN OR CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF ANY OFFER TO BUY SECURITIES IN THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS NOT AUTHORISED OR TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE AN OFFER OR SOLICITATION. THE SECURITIES OF AIROPACK TECHNOLOGY GROUP AG HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. NEITHER AIROPACK TECHNOLOGY GROUP AG NOR ITS SHAREHOLDERS INTEND TO REGISTER ANY PORTION OF THE OFFERING IN THE UNITED STATES OR CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES.

Jean-Baptiste Lucas appointed as CEO of Airopack Technology Group AG

Baar, 7 January 2019 - Airopack Technology Group AG ("Airopack"), manufacturer of Planet Friendly Aerosols, today announces that the Board of Directors has appointed Jean-Baptiste Lucas as the new CEO. He will take up the position on 28 January 2019 and is already assisting the Board of Directors on the business strategy. Mr Lucas will succeed Antoine Kohler, who has been acting as CEO ad interim in addition to his role as Chairman of the Board of Directors since 1 December 2018. Antoine Kohler will return to focusing on his role as Chairman.

Antoine Kohler, Chairman of the Board of Directors of Airopack, says: "Jean-Baptiste Lucas is a proven CEO with many years of business experience, in particular in the metal packaging industry. Airopack will benefit from his extensive expertise working with various companies that were also going through transformation processes. Jean-Baptiste has worked across several countries and is deeply familiar in dealing with cross-border activities and different cultures. The entire Board of Directors and the management team welcome Jean-Baptiste as CEO of the Company and wish him every success."

Portrait of Jean-Baptiste Lucas

Jean-Baptiste Lucas is French citizen with over 20 years of experience in the aluminum industry in Europe, Asia and the Middle East. He will join Airopack from Vedanta Limited where he has held the position of Chief Sales & Marketing Officer since August 2017. During his career, Jean-Baptiste Lucas has held a number of executive positions at global industry leaders. Before joining Vedanta, he spent six years in Bahrain, of which two were as Chief Executive Officer of GARMCO (March 2015 - April 2017), a midsize rolling company where he led the company restructuring and the building of a new state-of-the-art recycling centre and slab cast house, and prior to that he spent four years as Executive Vice-President and Chief Marketing Officer of ALBA (January 2011 - February 2015). There he was responsible for cast houses operations, operational excellence and metallurgy, as well as worldwide sales and marketing functions. In his earlier career, he worked with a number of European aluminium companies. He was a Managing Director at Alcan Aluminium Valais in Switzerland, where he headed the aerospace, transport and industrial division. Other roles included Director of Sales & Marketing at Alcan Specialty Sheet, Germany and France and various assignments in strategy and business development at Pechiney rolled products in France. Jean-Baptiste Lucas graduated in 1994 from ESCP (Ecole Superieure de Commerce de Paris), one of the leading French Business School.

Contacts:

Airopack Technology Group AG
Antoine Kohler, Chairman

Blegistrasse 5/1 OG
CH-6340 Baar
TF: +41 41 768 50 50
www.airopackgroup.com

For investors:
Airopack Technology Group AG

Martin Eberhard
martin.eberhard@rimesa.ch
TF: +41 79 209 77 50

For media:
Tolxdorff Eicher Kollektivgesellschaft

Daniel Eicher / Theresia Tolxdorff
partners@tolxdorffeicher.ch
TF: +41 44 718 25 25

This document does neither constitute an offer to buy or to subscribe for securities of Airopack Technology Group AG nor a prospectus within the meaning of applicable Swiss law (i.e. Art. 652a or Art. 1156 of the Swiss Code of Obligations or Art. 27 et seq. of the SIX Swiss Exchange Listing Rules). Investors should make their decision to buy or exercise subscription rights or to buy or to subscribe to shares of Airopack Technology Group AG solely based on the official prospectus (the "Prospectus") to be published by Airopack Technology Group AG. Investors are furthermore advised to consult their bank or financial adviser before making any investment decision.

This publication may contain specific forward-looking statements, e.g. statements including terms like "believe", assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the company and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. Airopack Technology Group AG assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.

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