Berry Global Group, Inc. announced its agreement with its longtime supplier, Repsol, to supply circular resins. Spanish multi-energy global company Repsol will supply Berry with ISCC Plus certified circular polyolefins from its Repsol Reciclex® range. These polyolefins are obtained by advanced recycling, enabled by the adoption of new chemical recycling technologies, of post-consumer plastic waste not suitable for traditional recycling. As a result of the agreement, Berry will procure food-grade polypropylene for food and healthcare packaging. Berry will initially use the materials in manufacturing at its European packaging facilities. Repsol has certified all its petrochemical complexes to produce circular polyolefins under the ISCC PLUS certification. This certification guarantees the traceability of the plastic waste used at the source. At the same time, Repsol, applies the latest and innovative technology to ensure that the circular polyolefins have the same quality and functionality as virgin polyolefins

Highlights *Strong volume trends continued throughout the year, with fourth quarter year-over-year volume increases of 15 percent in each of metal containers and closures and 8 percent in plastic containers *Reported record revenue of $4.9 billion, with all-time high volumes achieved in each business segment *Reported cash from operations of $602.5 million, an increase of 19% over 2019 *Completed the acquisition and integration of the dispensing operations of Albéa Group, greatly expanding fragrance, foam and airless pump capabilities *Supported customer and industry efforts to further communicate the benefits of metal packaging for food, including sustainability, low cost, health and convenience *Attained target leverage ratio seven months post-acquisition - leaving the Company well-positioned to take advantage of future cash deployment opportunities

Total packaging papers & specialty packaging shipments in October increased four percent compared to October 2019. They were up four percent when compared to the same 10 months of 2019. The operating rate was 86.1 percent, down 2.5 points from October 2019 and essentially flat (-0.4 pts.) year-to-date. Mill inventories at the end of October remained essentially flat (-765 short tons) from the previous month, and were up 17,000 short tons compared to October 2019.