CCL Industries Announces a Proposed Five-for-One Stock Split

TORONTO, ON--(Marketwired - February 23, 2017) - CCL Industries Inc. ("CCL" or "the Company") (TSX: CCL.A) (TSX: CCL.B), a world leader in specialty label and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today that it proposes to split its Class A voting shares and Class B non-voting shares on a five-for-one basis. The proposed stock split has been approved by the Company's Board of Directors and requires the approval of the holders of the Class A voting shares at the annual and special meeting of CCL's shareholders scheduled to be held in Toronto, Ontario, on May 9, 2017. The stock split is also subject to the requirements of the TSX. Following shareholder approval of the stock split, it is expected that shareholders of record as of the close of business on May 26, 2017, will receive from CCL's transfer agent four additional Class A voting shares or four additional Class B non-voting shares, as applicable, for each share held.

Geoffrey T. Martin, President and CEO of CCL, commented, "We believe that the stock split and the resulting increase in the number of shares outstanding will encourage greater market liquidity and wider distribution of its shares among a broader investor base."

Forward-Looking Statements

This press release contains forward-looking information and forward-looking statements, as defined under applicable securities laws, (hereinafter collectively referred to as "forward-looking statements") that involve a number of risks and uncertainties. Forward-looking statements include all statements that are predictive in nature or depend on future events or conditions. Forward-looking statements are typically identified by the words "believes," "expects," "anticipates," "estimates," "intends," "plans" or similar expressions. Statements regarding the operations, business, financial condition, priorities, ongoing objectives, strategies and outlook of the Company, other than statements of historical fact, are forward-looking statements. Specifically, this press release contains forward-looking statements regarding the timing and impact of a proposed stock split of CCL Class A and CCL Class B shares.