News:Argos:Smurfit Kappa Group: Sale of Associate Interest - DUROPACK

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Smurfit Kappa Group plc ('SKG' or the 'Group') (LSE:SKG) (ISE:SK3), one of the world's largest integrated manufacturers of paper-based packaging products with operations in Europe and Latin America, today announced the sale of its minority shareholding in Duropack AG Group ('Duropack'), the Group's Austrian associate, to Constantia Packaging AG ('Constantia') for a total consideration of EUR 55 million. The proceeds from the sale of the shareholding will used to reduce net debt.

Duropack AG has containerboard and corrugated businesses in Austria, Germany, Czech Republic, Slovakia, Slovenia, Hungary, Bulgaria, Serbia and Croatia.

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