SEE Announces Expiration and Results of Offer to Purchase 4.500% Senior Notes due 2023

Sealed Air Corporation (“Sealed Air”) (NYSE: SEE) today announced that the previously announced cash tender offer (the “Tender Offer”) for any and all of its 4.500% senior notes due 2023 (the “Notes”) expired at 5:00 p.m. New York City time, on January 27, 2023 (the "Expiration Date"). According to information provided by Global Bondholder Services Corporation, the Depositary and Information Agent for the Tender Offer, €233,297,000 aggregate principal amount of the Notes, or 58.32% of the aggregate principal amount outstanding, were validly tendered at or prior to the expiration of the Tender Offer and not validly withdrawn. No Notes were tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase, dated January 17, 2023 (the “Offer to Purchase”). The Tender Offer was made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery (together with the Offer to Purchase, the “Offer Documents”). The obligation of Sealed Air to accept the Notes tendered and to pay the consideration for the Notes is subject to satisfaction or waiver of certain conditions, which are more fully described in the Offer to Purchase. On February 1, 2023, which is the expected settlement date (the "Settlement Date") for the Tender Offer, Sealed Air expects to pay for all Notes that have been validly tendered and not validly withdrawn.

Holders of Notes accepted for purchase pursuant to the Tender Offer will receive the previously announced total consideration of €1,005.60 for each €1,000 principal amount of the Notes plus accrued and unpaid interest on Notes purchased up to, but not including, the Settlement Date. Sealed Air intends to satisfy and discharge any outstanding Notes that are not tendered in the Tender Offer upon the terms and conditions set forth in the indenture governing the Notes.

Sealed Air has retained Goldman Sachs & Co. LLC to act as exclusive Dealer Manager. Global Bondholder Services Corporation has been retained to serve as both the depositary and the information agent (the “Depositary and Information Agent”) for the Tender Offer. For additional information regarding the terms of the Tender Offer, please contact: Goldman Sachs & Co. LLC at [phone] (toll free) or [phone] (collect). Requests for copies of the Offer to Purchase and other related materials should be directed to Global Bondholder Services Corporation at [e-mail] (email), 1-855-654-2014 (U.S. Toll Free), 1-212-430-3774 (Banks and Brokers).