IPL Plastics Inc. Announces Completion of Plan of Arrangement - Seite 2

Immediately prior to giving effect to the Arrangement, the MDP Funds did not hold any Shares and CDPQ held 14,683,023 Shares, representing approximately 27% of the issued and outstanding Shares. In connection with the Arrangement, CDP Investissements inc. (“CDPI”) a wholly-owned affiliate of CDPQ indirectly subscribed for an interest in the Purchaser representing approximately 24.67% of the Shares. Together the MDP Funds, CDPI and their respective affiliates and associates, collectively, have beneficial ownership and control over an aggregate of 54,647,125 Shares, representing 100% of the issued and outstanding Shares.

IPLP’s head office is located at 1000 Sherbrooke West, Suite 700, Montréal, Québec H3A 3G4. The address of the MDP Funds is c/o Madison Dearborn Partners, LLC, Three First National Plaza, Suite 4600, 70 West Madison Street, Chicago, Illinois, United States 60602. The addresses of CDPQ and CDPI are 1000 Place Jean-Paul-Riopelle, Montréal. Québec H2Z 2B3.

This press release is being issued, in part, pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers which requires a report to be filed under IPLP’s profile on SEDAR (www.sedar.com) containing additional information respecting the foregoing matters. A copy of such report may be obtained by contacting Annie Terry at 312-895-1142.

About IPLP

IPLP is a leading sustainable packaging solutions provider primarily in the food, consumer, agricultural, logistics and environmental end-markets operating in Canada, the U.S, the U.K., Ireland, Belgium, China and Mexico. IPLP employs approximately 2,000 people and has corporate offices in Montreal and Dublin. For more information, please visit the Company’s website at www.iplglobal.com.

Forward-looking Statements

Certain statements made in this news release are forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements with respect to the delisting of the Shares and timing thereof, IPLP ceasing to be a reporting issuer and the termination of IPLP’s public reporting requirements. Often but not always, forward-looking statements can be identified by the use of forward- looking terminology such as “may”, “will”, “expect”, “believe”, “estimate”, “plan”, “could”, “should”, “would”, “outlook”, “forecast”, “anticipate”, “foresee”, “continue” or the negative of these terms or variations of them or similar terminology.