Board Converting News, June 27, 2022

Ennis Joins Mill Rock Packaging As Chief Executive Officer New York, New York based Mill Rock Packaging Partners, a specialty packaging platform that invests in growth-ori- ented companies with advanced service and product ca- pabilities in the consumer packaging industry, announced that it has appointed Allen Ennis as Chief Executive Officer. Mill Rock Packaging is a portfolio company of New York- based Mill Rock Capital, a growth and operations-oriented private investment firm. Ennis has assumed leadership of the organization and will work in partnership with Mill Rock Capital on future growth initiatives. He replaces Eric Popham, a board mem- ber of Mill Rock Packaging and a Senior Principal at Mill Rock Capital, who has served as interim CEO for the past six months. “Allen is a very talented leader with an impressive track record of driving profitable growth within the packaging markets,” said Mill Rock Packaging Chairman and Mill Rock Capital Senior Partner Edward Rose. “We are pleased that he is joining Mill Rock Packaging and we look forward to working closely together to drive our growth vision with our partner companies.” Ennis has over 28 years of commercial packaging ex- perience, including founding Sierra Pacific, a successful food & beverage packaging business. He has held exec-

utive leadership roles with Graphic Packaging and Mondi Group, directing and integrating packaging activities in those businesses. More recently, he served as Executive VP for Pacific Southwest Container, and was CEO of Ever- ett Graphics in Oakland, California. Bob Feeser, Mill Rock Packaging Vice Chairman and Mill Rock Capital Senior Partner, added, “Allen is an out- standing leader who has demonstrated the ability to build strong, growth-focused businesses that deliver mar- ket-leading quality, service and innovation. We are excited to work with Allen to drive growth and value creation for our investors.” AF&PA Releases May 2022 Packaging Papers Monthly Report The American Forest & Paper Association (AF&PA) has re- leased its May 2022 Packaging Papers & Specialty Pack- aging Monthly report. Total packaging papers & specialty packaging shipments in May increased one percent com- pared to May 2021. They were up one percent when com- pared to the same 5 months of 2021. • The operating rate was 88 percent, essentially flat (+0.2 pts.) from May 2021 and up 1.1 points year-to-date. • Mill inventories at the end of May decreased 2,000 short tons from the previous month and were down 8,000 short tons compared to May 2021.

18 June 27, 2022

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