Amcor Ltd http://www.alacrastore.com/company-snapshot/Amcor_Ltd-1000633 Saturday, August 30, 2008 8:26:46 AM 1000633 Amcor Ltd en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/bir/1200342bir/1200342normAMCOR Ltd.Rexam Medical Packaging Inc.AustraliaManufacturing: The group is engaged in metal and plastic packaging in Australia and internationally. In Australasia, Amcor offers a wide range of packaging-related services including corrugated boxes, cartons, aluminium and steel cans, flexible plastic pa267126532672282134113222213222113222223252113324319IMAMC8/29/2008 11:11:57 AM1200342Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/spcred/244248spcred/244248normThe latest News from S&Pglobalstructuredpubfin7/9/2008 3:11:00 AM100News244248AustraliaPaper PackagingEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersStructured FinancePublic FinanceCorporationsFinancial InstitutionsInsuranceUtilitiesInternational Public FinanceAsset-Backed Commercial PaperAsset-Backed SecuritiesCommercial MBSResidential MBSCollateralized Debt ObligationsNewsMELBOURNE (Standard&Poor's) May 8, 2002--Standard&Poor's said today that it has affirmed its triple-'B'-plus/'A-2' corporate credit ratings, guaranteed issue ratings, and bank loan ratings on diversified packaging group Amcor Ltd.; however, the rating outlook is revised to negative from stable. This action is a result of the company's announcement of the A$2.9 billion acquisition of the polyethylene terephthalate (PET) and closures operations of German-based Schmalbach-Lubeca. Amcor is expected to fund the acquisition through a combination of A$1.02 billion underwritten equity, A$700 million from the sale of Kimberly Clark Australia (KCA), a A$200 million underwritten convertible note issue, and debt. UBS Warburg Australia Ltd., which is a wholly owned and guaranteed subsidiary of UBS AG (double-'A'-plus/Stable/ -A-1'-plus), andAUS02341R15103020 151030 1510 15Amcor Ltd.113907EUROMIDAFRPACUSAAMC@AUNEWSAUSCHE87083687083K87084590261990261J90261K90261T90261X90262390347M905318G91665G91861G918C9G918G8G9213AG9213J40203020 402030 4020 4040203030 402030 4020 40UBS Advisory and Capital Markets Australia Ltd.UBS AG106250324974ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAUBSN@VXSBCAU@AUGLOBISSSTRUCPUBFINCORPFIINSUTILGOVSABCPABSCMBSRMBSCDOCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/244251spcred/244251normThe latest Research Update from S&Pglobalstructuredpubfin7/9/2008 3:11:00 AM175Research Update244251AustraliaPaper PackagingEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersStructured FinancePublic FinanceCorporationsFinancial InstitutionsInsuranceUtilitiesInternational Public FinanceAsset-Backed Commercial PaperAsset-Backed SecuritiesCommercial MBSResidential MBSCollateralized Debt ObligationsForest ProductsResearch UpdateOn May 8, 2002, Standard&Poor's affirmed its 'BBB+/A-2' corporate credit ratings, guaranteed issued ratings and bank loan ratings on diversified packaging group Amcor Ltd.; however, the rating outlook is revised to negative from stable. The action is a result of the company's announcement of the A$2.9 billion acquisition of the polyethylene terephthalate (PET) and closures operations of German-based Schmalbach-Lubeca. Amcor is expected to fund the acquisition through a combination of A$1.02 billion underwritten equity, A$700 million from the sale of Kimberly-Clark Australia (KCA), a A$200 million underwritten convertible note issue, and debt. UBS Warburg Australia Ltd., which is a wholly owned and guaranteed subsidiary of UBS AG (AA+/Stable/A-1+), and JB Were Ltd. are the underwriters of the ordinaryAUS02341R15103020 151030 1510 15Amcor Ltd.113907EUROMIDAFRPACUSAAMC@AURESUPDAUSCHEUSA0234E40234E50234E887083687083K87084590261990261J90261K90261T90261X90262390347M905318G91665G91861G918C9G918G8G9213AG9213J15103020 151030 1510 1540203020 402030 4020 4040203030 402030 4020 40Amcor Finance (USA) Inc.UBS Advisory and Capital Markets Australia Ltd.UBS AG106250302668324974ASIACANEMERGINGEUROMIDAFRLATAMERICAPACUSAUBSN@VXSBCAU@AU7303ZGLOBISSSTRUCPUBFINCORPFIINSUTILGOVSABCPABSCMBSRMBSCDOForestCredit & Investment ResearchS&P Credit ResearchHONG KONG - Amcor Fibre Packaging-Asia Pte, an indirect wholly-owned unit of Amcor Ltd, agreed to raise its stake to ##.#% from ##.#%, by acquiring a further #.#% stake or ##.# mil new ordinary shares, in AMVIG Holdings Ltd, a cigarette packs manufacturer, for #.## Hong Kong dollars (#.### Singapore dollars/$#.### US) in cash per share, or a total value of HK$###.### mil (S$###.### mil/$##.### mil), in a privately negotiated transaction. The transaction was subject to shareholders' and regulatory approvals.6/26/2008 12:00:19 PM02394C03245M02341R03245MAmcor Fibre Packaging-Asia Pte LtdAMVIG Holdings LtdAmcor LtdAMVIG Holdings Ltdhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Amcor_Fibre_Pkg_Asia_Pte_Ltd_acquires_a_minority_stake_in_AMVIG_Holdings_Ltd-1990016040sdc/19900160401990016040Copyright © 2008, Thomson Financial, All Rights ReservedPaper and Allied ProductsSingaporePackaging paper & plastics film,coated & laminated2671FFForeignSubsidiary2671:Packaging paper & plastics film,coated & laminated3497:Metal foil and leaf5085:Industrial supplies2653:Corrugated and solid fiber boxes2657:Folding paperboard boxes, including sanitary2671:Packaging paper & plastics film,coated & laminated3085:Plastics bottles3411:Metal cans3466:Crowns and closures3497:Metal foil and leaf7389:Business services, necAllens Arthur RobinsonHong KongPaper and Allied ProductsHong KongPackaging paper & plastics film,coated & laminated2671FFForeignPublic23001024806001Mnfr,whl paper pkg prodMnfr cigarette packsCashCash OnlyOrdinary Share858190002Jun 26 20080.50300116.4560056.8620056.8620033.6270017.2390012.611007.70200491.907000.397000.3890047.781000.0560045.3810050.89100273.4790048.02100870.054000.000000.000000.000000.000000.0000031 Dec 0731 Dec 0731 Dec 0631 Dec 0531 Dec 0431 Dec 030.128001.000002.000003.000004.00000Amcor Fibre Packaging-AsiaPte, headquartered inSingapore, manufactures andwholesales packaging products.Amcor Fibre Packaging-Asia Pte, headquartered in Singapore,manufactures and wholesales packaging products.Amcor Fibre Packaging-Asia Pte, headquartered in Singapore, manufactures and wholesales packaging products.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.00000AMVIG Holdings Ltd is acigarette packs manufacturer,headquartered in Hong Kong.The company operates two corebusinesses: cigarettepackaging printing andtransfer; and laminated paperand laser film manufacturing.The company was founded in1998.AMVIG Holdings Ltd is a cigarette packs manufacturer,headquartered in Hong Kong. The company operates two corebusinesses: cigarette packaging printing and transfer; andlaminated paper and laser film manufacturing. The companywas founded in 1998.AMVIG Holdings Ltd is a cigarette packs manufacturer, headquartered in Hong Kong. The company operates two core businesses: cigarette packaging printing and transfer; and laminated paper and laser film manufacturing. The company was founded in 1998.0.000000.000000.000001055.77000YHong Kong Dollar24 Jun 08Tue, 24 Jun 2008 00:00:00 ESTDate Announced: 06/24/2008Date Effective:Acq. Part. Int.Friendly0.000000.000000.000009322.899000.000008.94000Price/Share0.00000700.002 Hong Kong Dollar700.002008738.60000700.002 Hong Kong Dollar700.002000.000000.000001.144001.144001284.30100700.002 Hong Kong Dollar0.12800N45.435000.000000.000000.000000.000000.0000089.5390089.5390019.7100021.0280025.0240026.348004.372000.0000032.793007.4160021.2890025.335002.3060026.675004.426004.8800026.675004.426000.000001.072001.101001.0760081.6170064.836000.210001192.511006.7290011.38100143.373001050.25500524.89300150.04800132.6380039.6820040.714006.430006.810003.950001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.00000HONG KONG - Amcor FibrePackaging-Asia Pte, anindirect wholly-owned unit ofAmcor Ltd, agreed to raise itsstake to 40.2% from 35.4%, byacquiring a further 4.8% stakeor 78.3 mil new ordinaryshares, in AMVIG Holdings Ltd,a cigarette packsmanufacturer, for 8.94 HongKong dollars (1.564 Singaporedollars/$1.144 US) in cash pershare, or a total value ofHK$700.002 mil (S$122.444mil/$89.539 mil), in aprivately negotiatedtransaction. The transactionwas subject to shareholders'and regulatory approvals.HONG KONG - Amcor Fibre Packaging-Asia Pte, an indirect wholly-owned unit of Amcor Ltd, agreed to raise its stake to 40.2% from 35.4%, by acquiring a further 4.8% stake or 78.3 mil new ordinary shares, in AMVIG Holdings Ltd, a cigarette packs manufacturer, for 8.94 Hong Kong dollars (1.564 Singapore dollars/$1.144 US) in cash per share, or a total value of HK$700.002 mil (S$122.444 mil/$89.539 mil), in a privately negotiated transaction. The transaction was subject to shareholders' and regulatory approvals.HONG KONG - Amcor Fibre Packaging-Asia Pte, an indirect wholly-owned unit of Amcor Ltd,agreed to raise its stake to 40.2% from 35.4%, by acquiring a further 4.8% stake or 78.3mil new ordinary shares, in AMVIG Holdings Ltd, a cigarette packs manufacturer, for 8.94Hong Kong dollars (1.564 Singapore dollars/$1.144 US) in cash per share, or a total valueof HK$700.002 mil (S$122.444 mil/$89.539 mil), in a privately negotiated transaction. Thetransaction was subject to shareholders' and regulatory approvals.HONG KONG - Amcor Fibre Packaging-Asia Pte, an indirect wholly-owned unit of Amcor Ltd, agreed to raise its stake to 40.2% from 35.4%, by acquiring a further 4.8% stake or 78.3 mil new ordinaryshares, in AMVIG Holdings Ltd, a cigarette packs manufacturer, for 8.94 Hong Kong dollars (1.564 Singapore dollars/$1.144 US) in cash per share, or a total value of HK$700.002 mil (S$122.444mil/$89.539 mil), in a privately negotiated transaction. The transaction was subject to shareholders' and regulatory approvals.HONG KONG - Amcor Fibre Packaging-Asia Pte, an indirect wholly-owned unit of Amcor Ltd, agreed to raise its stake to 40.2% from 35.4%, byacquiring a further 4.8% stake or 78.3 mil new ordinary shares, in AMVIG Holdings Ltd, a cigarette packs manufacturer, for 8.94 Hong Kongdollars (1.564 Singapore dollars/$1.144 US) in cash per share, or a total value of HK$700.002 mil (S$122.444 mil/$89.539 mil), in aprivately negotiated transaction. The transaction was subject to shareholders' and regulatory approvals.Optima Capital Ltd1.00000$ 89.539 - Optima Capital Ltd - Adv0.00000Pending0.000000.000000.000000.000003.92400443.35600443.35600262.19100134.4130098.3320060.054003835.41600372.552000.434000.348000.381000.290000.282000.434004092.606004092.606002297.24700654.56600360.30000139.72700353.83700250.34700181.35300110.8150090.25200353.83700396.79500228.15400110.9560080.2590094.54300396.795002132.321001122.57400383.51300332.37000232.027002132.321006783.835006783.835002771.89700938.71600715.71800343.07800Status:PendingHK20.5990020.5990.186002.278002.27889.1070043.131009.22600135.7960074.11200491.90700168.82600110.8730021.2890025.335002.306002671:Packaging paper & plastics film,coated & laminated2672:Coated and laminated paper, nec101709001AustraliaAustralia3497ForeignPublicAMC2671:Packaging paper & plastics film,coated & laminated2672:Coated and laminated paper, nec858190002Hong KongHong Kong2671ForeignPublic230089.53900700.0020089.5390045.43500Deal InformationThomson Financial Mergers & AcquisitionsAUSTRALIA - Integrated Packaging agreed to acquire the flexible packaging plant of Amcor Ltd, a paper packaging products manufacturer and wholesaler, for ## mil Australian dollars ($##.### mil US).6/3/2008 12:07:08 PM45537K02349Z45537K02341RIntegrated PackagingAmcor Ltd-Flexible Packaging PlantIntegrated PackagingAmcor Ltdhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Integrated_Packaging_acquires_Amcor_Ltd_Flexible_Pkg_Plant_from_Amcor_Ltd-1982633040sdc/19826330401982633040Copyright © 2008, Thomson Financial, All Rights ReservedPaper and Allied ProductsAustraliaPackaging paper & plastics film,coated & laminated2671FFForeignPrivate2671:Packaging paper & plastics film,coated & laminated2671:Packaging paper & plastics film,coated & laminatedPaper and Allied ProductsAustraliaPackaging paper & plastics film,coated & laminated2671FFForeignSubsidiary884154001Mnfr industial plasticsMnfr,whl paper packaging prodCashCash OnlyAssets1013546001Jun 3 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.00000Integrated Packaging, based inReservoir, Victoria,manufactures industrialplastics and agriculturalpolyethylene stretch filmproducts. It focuses onproducing stretch wrap filmand equipment, initiallyproducing manual andsemi-automatic stretchwrapping machines used mainlyin pallet applications. It hasoperations in New Zealand andAustralia. The company wasestablished in 1982.Integrated Packaging, based in Reservoir, Victoria,manufactures industrial plastics and agriculturalpolyethylene stretch film products. It focuses on producingstretch wrap film and equipment, initially producing manualand semi-automatic stretch wrapping machines used mainly inpallet applications. It has operations in New Zealand andAustralia. The company was established in 1982.Integrated Packaging, based in Reservoir, Victoria, manufactures industrial plastics and agricultural polyethylene stretch film products. It focuses on producing stretch wrap film and equipment, initially producing manual and semi-automatic stretch wrapping machines used mainly in pallet applications. It has operations in New Zealand and Australia. The company was established in 1982.1.000002.000003.000004.000005.000006.000007.00000The flexible packaging plantof Amcor Ltd, located inPerth, Western Australia, isinvolved in producingindustrial stretch wrap filmfor domestic and New Zealandmarkets.The flexible packaging plant of Amcor Ltd, located in Perth,Western Australia, is involved in producing industrialstretch wrap film for domestic and New Zealand markets.The flexible packaging plant of Amcor Ltd, located in Perth, Western Australia, is involved in producing industrial stretch wrap film for domestic and New Zealand markets.0.000000.000000.000000.00000NAustralian Dollar02 Jun 08Mon, 02 Jun 2008 00:00:00 ESTDate Announced: 06/02/2008Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000035 Australian Dollar35.000000.0000035 Australian Dollar35.000000.000000.000000.000000.0000035.0000035 Australian Dollar0.95600N16.877000.000000.000000.000000.000000.0000033.4530033.453000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.00000AUSTRALIA - IntegratedPackaging agreed to acquirethe flexible packaging plantof Amcor Ltd, a paperpackaging productsmanufacturer and wholesaler,for 35 mil Australian dollars($33.453 mil US).AUSTRALIA - Integrated Packaging agreed to acquire the flexible packaging plant of Amcor Ltd, a paper packaging products manufacturer and wholesaler, for 35 mil Australian dollars ($33.453 mil US).AUSTRALIA - Integrated Packaging agreed to acquire the flexible packaging plant of AmcorLtd, a paper packaging products manufacturer and wholesaler, for 35 mil Australian dollars($33.453 mil US).AUSTRALIA - Integrated Packaging agreed to acquire the flexible packaging plant of Amcor Ltd, a paper packaging products manufacturer and wholesaler, for 35 mil Australian dollars ($33.453 mil US).AUSTRALIA - Integrated Packaging agreed to acquire the flexible packaging plant of Amcor Ltd, a paper packaging products manufacturer andwholesaler, for 35 mil Australian dollars ($33.453 mil US).Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002671:Packaging paper & plastics film,coated & laminated884154001Australia2671ForeignPrivate2653:Corrugated and solid fiber boxes2657:Folding paperboard boxes, including sanitary2671:Packaging paper & plastics film,coated & laminated3085:Plastics bottles3411:Metal cans3466:Crowns and closures3497:Metal foil and leaf7389:Business services, nec101709001AustraliaAustralia3497ForeignPublicAMC33.4530035.0000033.4530016.87700Deal InformationThomson Financial Mergers & AcquisitionsSWEDEN - Accent Equity ####, a private equity fund of Accent Equity Partners AB, agreed to acquire the # flexible packaging plants of Amcor Ltd, a manufacturer of unprinted films for meat and fish packaging industries. The two plants are located in Lund, Sweden and Somerset, UK. Terms were not disclosed.4/17/2008 9:43:55 AM07267A02348Z07269L02341RAccent Equity 2008Amcor Ltd- Flexible Packaging Plants(2)Accent Equity Partners ABAmcor Ltdhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Accent_Equity_2008_acquires_Amcor_Ltd_Flexible_Packaging_from_Amcor_Ltd-1969781040sdc/19697810401969781040Copyright © 2008, Financial Times Information, All Rights ReservedInvestment & Commodity Firms,Dealers,ExchangesSwedenInvestment offices, nec6726FFForeignSubsidiary6726:Investment offices, nec6799:Investors, nec6799:Investors, necPaper and Allied ProductsSwedenPackaging paper & plastics film,coated & laminated2671FFForeignSubsidiary1006036001Private eq firmMnfr,whl paper packaging prodUnspecifiedAssets1006026001Apr 17 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.00000Accent Equity 2008 is aprivate equity fund.Accent Equity 2008 is a private equity fund.Accent Equity 2008 is a private equity fund.1.000002.000003.000004.000005.000006.00000The flexible packaging plantsof Amcor Ltd manufacturesunprinted films for meat andfish packaging industries. Thetwo plants are located inLund, Sweden and Somerset, UK.The flexible packaging plants of Amcor Ltd manufacturesunprinted films for meat and fish packaging industries. Thetwo plants are located in Lund, Sweden and Somerset, UK.The flexible packaging plants of Amcor Ltd manufactures unprinted films for meat and fish packaging industries. The two plants are located in Lund, Sweden and Somerset, UK.0.000000.000000.000000.00000N15 Apr 08Tue, 15 Apr 2008 00:00:00 ESTDate Announced: 04/15/2008Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.00000SWEDEN - Accent Equity 2008, aprivate equity fund of AccentEquity Partners AB, agreed toacquire the 2 flexiblepackaging plants of Amcor Ltd,a manufacturer of unprintedfilms for meat and fishpackaging industries. The twoplants are located in Lund,Sweden and Somerset, UK. Termswere not disclosed.SWEDEN - Accent Equity 2008, a private equity fund of Accent Equity Partners AB, agreed to acquire the 2 flexible packaging plants of Amcor Ltd, a manufacturer of unprinted films for meat and fish packaging industries. The two plants are located in Lund, Sweden and Somerset, UK. Terms were not disclosed.SWEDEN - Accent Equity 2008, a private equity fund of Accent Equity Partners AB, agreed toacquire the 2 flexible packaging plants of Amcor Ltd, a manufacturer of unprinted filmsfor meat and fish packaging industries. The two plants are located in Lund, Sweden andSomerset, UK. Terms were not disclosed.SWEDEN - Accent Equity 2008, a private equity fund of Accent Equity Partners AB, agreed to acquire the 2 flexible packaging plants of Amcor Ltd, a manufacturer of unprinted films for meat and fishpackaging industries. The two plants are located in Lund, Sweden and Somerset, UK. Terms were not disclosed.SWEDEN - Accent Equity 2008, a private equity fund of Accent Equity Partners AB, agreed to acquire the 2 flexible packaging plants ofAmcor Ltd, a manufacturer of unprinted films for meat and fish packaging industries. The two plants are located in Lund, Sweden andSomerset, UK. Terms were not disclosed.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002671:Packaging paper & plastics film,coated & laminated650258002Sweden6799ForeignPrivate2653:Corrugated and solid fiber boxes2657:Folding paperboard boxes, including sanitary2671:Packaging paper & plastics film,coated & laminated3085:Plastics bottles3411:Metal cans3466:Crowns and closures3497:Metal foil and leaf101709001AustraliaAustralia2671ForeignPublicAMC0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/spcred/643021spcred/643021normThe latest Summary from S&Pglobalstructured4/15/2008 11:25:46 PM175Summary643021AustraliaPaper PackagingEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersStructured FinanceCorporationsCommercial MBSForest ProductsPackagingSummaryThe credit ratings on Amcor Ltd. reflect: the company's global leadership in polyethylene terephalate (PET) and leadership in European flexible packaging; strong market position in Australasia; good geographic and product diversity, with about 80% of sales generated in offshore markets; and a focused business portfolio in the relatively stable consumer-packaging market. These strengths are offset by: challenges in sustaining operating efficiency, given market fragmentation and pricing pressure from global customers; overcapacity and intense competition in some packaging markets and segments; exposure to volatile raw-material and energy-procurement costs, and difficulties in passing on cost increases; and a lumpy debt profile. Amcor's flat half-year results reflect the adverse influence of foreign-currency translation. In fiscal 2008, for every one-cent movement of the AustralianAUS02341R15103020 151030 1510 15Amcor Ltd.113907EUROMIDAFRPACUSAAMC@AUSUMMARYGLOBISSSTRUCCORPCMBSForestPackagingCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_2812moodys/COP_2812htmlGlobal Credit Research Credit Opinion ## MAY #### Credit Opinion: Amcor Limited Amcor Limited Melbourne, Victoria, Australia Ratings Category Moody's Rating Outlook Stable Issuer Rating Baa# Senior Unsecured Baa# Commercial Paper P-#...1/3/2008 8:20:00 PMhtmlAmcor LimitedAmcor Limited2812150.0000NewsCredit OpinionCOP_2812Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_76739moodys/PBC_76739pdfAnalysis12/21/2007 11:42:34 AM... The company's aggressive growth strategy is leading to a rise in debt Integration risks are high, given the size and scale of its recent new investments/acquisitions Operating performance is exposed to the volatile costs for raw materials, mainly resins Near-term operating environment remains difficult for the company's packaging-distribution and corrugated box-manufacturing businesses in the US ... Amcor Limited2812300.00AnalysispdfAmcor LimitedPBC_76739Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/622071spcred/622071normThe latest Summary from S&P12/20/2007 9:07:09 PMSummary175globalstructured622071AustraliaPaper PackagingEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersStructured FinanceCorporationsCommercial MBSForest ProductsPackagingSummaryThe credit ratings on Amcor Ltd. reflect the company's global leadership in polyethylene terephalate (PET) and leadership in European flexible packaging; strong market position in Australasia; good geographic and product diversity, with about 75% of sales generated in offshore markets; and a focused business portfolio in the relatively stable consumer-packaging market. These strengths are offset by challenges in sustaining operating efficiency given market fragmentation and pricing pressure from global customers; overcapacity and intense competition in some packaging markets and segments; exposure to volatile raw-material and energy-procurement costs, and difficulties in passing on cost increases; and a lumpy debt profile. Amcor is beginning to reap the benefits of a more-focused and well-executed management plan, in spite of some significant challenges imposedAUS02341R15103020 151030 1510 15Amcor Ltd.113907EUROMIDAFRPACUSAAMC@AUSUMMARYGLOBISSSTRUCCORPCMBSForestPackagingCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/622069spcred/622069normThe latest Full Report from S&P12/20/2007 9:07:09 PMFull Report400globalstructured622069AustraliaPaper PackagingEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersStructured FinanceCorporationsCommercial MBSForest ProductsPackagingFull ReportGlobal leadership in polyethylene terephalate (PET) and leadership in European flexible packaging Strong market position in Australasia Good geographic and product diversity, with about 75% of sales generated in offshore markets Focused business portfolio in the relatively stable consumer-packaging market Challenges in sustaining operating efficiency given market fragmentation and pricing pressure from global customers Overcapacity and intense competition in some packaging markets and segments Exposure to volatile raw-material and energy-procurement costs, and difficulties in passing on cost increases A lumpy debt profile The credit ratings on Amcor Ltd. reflect the company's global leadership in polyethylene terephalate (PET) and leadership in European flexible packaging; strong market position in Australasia; good geographic and product diversity, with about 75% of sales generated inAUS02341R15103020 151030 1510 15Amcor Ltd.113907EUROMIDAFRPACUSAAMC@AUFULLGLOBISSSTRUCCORPCMBSForestPackagingCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_106252moodys/PBC_106252pdfAnalysis12/5/2007 12:23:48 AM...Amcor is a leading diversified global manufacturer of packaging products used in relatively stable consumer-focused sectors, including food and beverages, tobacco and general consumer goods. Its operat ions are headquartered in Australia, although approximately ##% of total revenues derive from abroad. Amcor comprises five operating divisions, employing over ##,### people in approximately ### manufacturing plants acro ss ## countries. For the year ended June ####, it reported revenues of A$#, ###.# million and a pr ofit of A$###.# million. Amcor is two years into its #-year business transformation The Way Forward program. ... Amcor Limited2812300.0000AnalysispdfAmcor LimitedPBC_106252Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/599318spcred/599318normThe latest News from S&P9/3/2007 4:35:37 AMNews100structuredglobal599318AustraliaPaper PackagingUnited StatesPacificEurope, Middle East, AfricaGlobal IssuersStructured FinanceCorporationsCommercial MBSForest ProductsPackagingNewsMELBOURNE (Standard&Poor's) Sept. 3, 2007--Standard&Poor's Ratings Services today said that its ratings on Amcor Ltd. (BBB/Stable/A-2) are unchanged after Amcor's fiscal 2007 financial results were in line with Standard&Poor's expectations. Amcor's return on average funds employed for its PET Packaging, Flexibles, and Sunclipse businesses were either maintained or improved in the year ended June 30, 2007. However, Amcor's Australasian business underperformed, as improved earnings in the non-fibre businesses were diluted by a weaker result from its poorly performing fibre operations. Plant closures and capital reinvestment in the fibre business are now scheduled to be completed in the second quarter of fiscal 2008. The Eur425 million sale of Amcor's European PET operations, due to beAUS02341R15103020 151030 1510 15Amcor Ltd.113907USAPACEUROMIDAFRAMC@AUNEWSGLOBISSSTRUCCORPCMBSForestPackagingCredit & Investment ResearchS&P Credit Research