APPE Stake-holder Announcement

APPE's parent company La Seda de Barcelona (LSB) has established an executive committee to negotiate its restructuring and refinancing plan, which has been completed and is awaiting approval by its shareholders and funders.

The objective of the plan is to concentrate on profitable core activities, principally APPE and key PET operations. It plans to divest or otherwise exit non strategic entities.

As a result of this plan, Artenius UK Limited, Wilton will enter administration on the 27th July. This process does not affect other group companies which continue to trade normally.

APPE is a market leader in PET preform supply and the principle core activity of LSB. It continues to trade positively with performance ahead of plan.

APPE’s management remains totally committed to maintaining excellent service to our customers during this restructuring period and have contingency plans in place to ensure continuity of PET resin supplies.

Artenius Wilton UK is NOT APPE but a sister company in LSB and that APPE is NOT affected by this situation.

We thank you all for your continued and ongoing support.

APPE Management