Ardagh Glass Finance plc - Irish Stock Exchange

CAPITALIZATION
The following table shows our unaudited total cash and capitalization as at September 30, 2009, on
a historical basis and as adjusted to give effect to this offering and the application of the net proceeds
therefrom, as described under ‘‘Use of Proceeds’’. The information set out below should be read in
conjunction with the consolidated financial statements of Ardagh, in each case together with the notes
thereto, included elsewhere in this Offering Memorandum.
As at September 30, 2009
Actual Adjustments As Adjusted
(in E millions) (1)
Cash (2) .............................................. 84.8 (6.5) 78.3
Debt (3)
Anglo Senior Secured Facility—Term Debt (4) .................. 210.3 — 210.3
Anglo Senior Secured Facility—Revolving Credit Facility (5) ........ — — —
2009 Notes (6) ......................................... 294.6 — 294.6
GE Commercial Finance Facility (7) .......................... 0.7 — 0.7
Total Senior Secured Debt .............................. 505.6 — 505.6
2007 Notes ........................................... 310.0 — 310.0
2003 Notes (8) ......................................... 175.0 (175.0) —
Senior Notes offered hereby .............................. — 180.0 180.0
Other borrowings ...................................... 0.2 — 0.2
Deferred financing costs (6) ................................ (31.6) (5.0) (36.6)
Total debt (6) .......................................... 959.2 — 959.2
Total shareholders’ funds ................................ (13.5) (6.5) (20.0)
Total capitalization ..................................... 945.7 (6.5) 939.2
(1) Sterling denominated borrowings have been translated at an exchange rate of A1.00 = £0.9166, the
exchange rate used in preparing Ardagh’s balance sheet on that date.
(2) In the near-term, it is our intention to make a restricted payment of A20.0 million to our ultimate
holding company Ardagh Glass Group S.A. The proceeds of such restricted payment will then be
used by Ardagh Glass Group S.A. to buy back a portion of its own shares.
(3) Debt includes both short-term and long-term debt and is presented before deferred financing costs.
(4) On an historical and as adjusted basis, Ardagh would have undrawn availability under this facility
of A27.5 million.
(5) As of September 30, 2009, we had undrawn availability under this facility of A150.0 million.
(6) Original issue discount has been deducted from debt and not included in deferred financing costs
for purposes of this presentation.
(7) The GE Commercial Finance Facility is secured.
For further details relating to the debt instruments described above, see ‘‘Operating and Financial
Review and Prospects—External Financings’’ and ‘‘Description of Other Indebtedness’’. We have
not incurred any short-term or long-term debt since September 30, 2009.
(8) We intend to redeem all of the 2003 Notes with the proceeds of the Senior Notes. The amount of
2003 Notes included above reflects the outstanding principal balance net of accrued interest and
debt financing costs. The total amount that will be repaid upon redemption will be A181.5 million,
which represents the principal amount of A175.0 million, plus A5.2 million of early redemption
premium and A1.3 million of other early redemption costs relating to the period of redemption
notice.
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