O-I Glass Completes Full Allocation for Second Round of Green Bond Offerings - Seite 2

Use of Proceeds Spends on Eligible Green Projects (USD)
Financed	448,287,316
Refinanced	890,972,684
Total Use of Proceeds	1,339,260,000

Use of Proceeds Spends on Eligible Green Projects (USD)
Operating Spends	1,236,857,118
Capital Expenditures	102,402,882
Total Use of Proceeds	1,339,260,000

“The road to sustainability, for O-I, is paved by innovation” said Meena Dafesh, Vice President, Treasurer for O-I. “We are continuously working across our entire ecosystem of partners to advance the sustainability of our products and processes. Through the use of Green Bond proceeds, and other visionary approaches, O-I is making tangible progress toward our ambitious sustainability goals and helping our customers to advance in their aspirations as well.” 

The commitment to cullet (recycled glass) investment underscores the company's strides toward a sustainable future by immediately reducing carbon emissions, lowering energy consumption, and preserving natural resources. With the amount of cullet designated for this initiative, the company has achieved significant conservation efforts including, approximately: 

• 5.7. million metric tons of CO₂;  
• 4.7 million MwH of energy; 
• 6.3 million tons of silica sand;  
• 2.0 million tons of soda ash; and  
• 1.8 million tons of limestone and dolomite 

These sustainable savings coming from cullet utilization are further enhanced by additional eco-friendly investments made by the company that are designated to that initiative, which include: 

• MAGMA technology, which is designed for flexible, modular glass production and can reduce the environmental footprint of glass production. Facilities built for MAGMA will feature a smaller melter and will be constructed using more sustainable methods and materials. MAGMA technology will enable advanced technologies, including light-weighting potential, on-off capability, and can include feed-forward and feed-back control loops to promote premium quality glass.  
• Advances in the O-I Zipaquirá Colombian plant are set to improve energy efficiency, lowering CO₂ emissions by up to 15% per ton produced on the new furnace. In addition to the decarbonization impacts, the new technologies also reduce NOX emissions by up to 50 % compared to a traditional air fuel-fired furnace and allow for higher usage of recycled glass. 
• A Gas Oxy Advanced Technology (GOAT) furnace in O-I's Gironcourt, France plant, which uses oxygen to reduce CO₂ emissions by up to 20% and NOX emissions by up to 60%. 
• The R&D team at O-I developed the "Estampe” bottle in France to leverage greater recycled content, up to 80% or more on average – well above the current European average of 50% recycled content. The innovative Estampe bottle strengthens the overall sustainability with a reduced carbon footprint – about 25% less carbon emissions compared to conventional 500g wine bottles. 

Management’s assertions on the allocation of an amount equal to net proceeds to qualifying Eligible Green Projects as well as the examination reports of our independent accountants are available on the O-I website, along with information on O-I’s overall sustainability agenda.