Packaging

Graphic Packaging Shareholders Vote to Approve Agreement with Altivity Packaging

Friday 18. January 2008 - Graphic Packaging Corporation (NYSE: GPK) reported at the conclusion of its special meeting of stockholders today that its stockholders have approved the previously announced proposed combination with Altivity Packaging, LLC.

The preliminary vote tabulation announced at the meeting indicates that over 88 percent of the outstanding shares were cast in favor of the transaction. All related matters were also approved.
“Today’s vote is the latest demonstration of the strong support for the combination of our two companies,” said David Scheible, President and Chief Executive Officer of Graphic Packaging.

The Company also received approval from the New York Stock Exchange to list shares of the new public company, Graphic Packaging Holding Company, under the ticker symbol GPK upon completion of the transaction.

About the Transactions

On July 10, 2007, Graphic Packaging and the owners of Altivity Packaging announced they had signed a definitive agreement to combine the two companies. Consummation of the combination is subject to customary closing conditions, including approval by the Federal Trade Commission and the U.S. Department of Justice (“DOJ”) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”). At the request of the DOJ, Graphic Packaging and the owners of Altivity Packaging have voluntarily agreed to extend the waiting period imposed by the HSR Act until January 22, 2008.

The transactions remain subject to completion of other customary closing conditions.