PRO-PAC PACKAGING LIMITED — Capital/Financing Update 2010

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Pro-Pac Packaging Limited ACN 112 971 874

16 June 2010

PRO-PAC PACKAGING CONTINUES EXPANSION OF IT’S MANUFACTURING CAPABILITIES WITH ANOTHER STRATEGIC ACQUISITION

ASX listed national packaging group, Pro-Pac Packaging Ltd (ASX: PPG) today announced the purchase of the business and assets of long established Melbourne based film extruder, Ruscon Plastics Pty Ltd.

The business will be relocated and integrated into Pro-Pac’s new Victorian industrial packaging distribution and manufacturing site in Dandenong. The integrated business will provide the group with an expanded range of extruded film products and the ability to provide further innovative solutions to the existing and new ProPac customers. The business generates current turnover of approximately $5m per annum and is forecast to be earnings per share accretive in the 2011 financial year.

The purchase consideration, related relocation costs and working capital investment will be funded from Pro-Pac’s existing cash resources and debt facilities.

Commenting on the acquisition, Pro-Pac’s CEO, Brandon Penn, said “The Ruscon purchase is another exciting step in Pro-Pac’s continued growth strategy, and this purchase will deliver significant benefits for Pro-Pac’s extruded film product category”.

Enquiries

For further information please contact Mr Brandon Penn, CEO, Pro-Pac Packaging Ltd. Telephone (02) 8787 1950 or Mobile 0418 607 211.

About PPG

Pro-Pac Packaging Limited is a diversified manufacturing and distribution company, providing innovative, flexible and rigid packaging solutions for a broad group of customers. PPG is headquartered in Sydney with operations in Adelaide, Brisbane and Melbourne. PPG’s securities are listed and quoted on the ASX.

For further information on PPG visit www.ppgaust.com.au

Pro-Pac Packaging Limited ACN 112 971 874 9 Widemere Road, Wetherill Park NSW 2164 PO Box 6205 WPBC, Wetherill Park NSW 2164 Tel: 02 8787 1955 Fax: 02 8787 1989

www.ppgaust.com.au