Ardagh Glass Finance plc - Irish Stock Exchange

Ardagh’s employees are represented by various trade unions and workers’ councils in the countries
in which we operate. Ardagh’s management believes that, overall, its current relations with its
employees are good.
History and Development of the Ardagh Glass Group
History. Ardagh was incorporated, as The Irish Glass Bottle Company, in Dublin in 1932. Until
1999, Ardagh operated a single plant in Dublin with two furnaces. In 1999, Ardagh started its
international expansion.
Acquisition of Rockware Glass. In 1999, Ardagh acquired Rockware Glass Limited from O-I for a
purchase price of £247 million. Rockware was renamed Ardagh Glass Ltd in 2007.
Consumers Glass. In July 2002, Ardagh acquired Consumers Glass S.r.l., an Italian glass container
manufacturer, for cash consideration of approximately A2.8 million plus assumed net debt of
A13.4 million. The company was subsequently renamed Abruzzo Vetro S.r.l and was renamed Ardagh
Glass S.r.l in 2007.
Demerger. In July 2002, South Wharf plc’s (formerly Ardagh plc’s) glass container manufacturing
facility in Ireland was closed and the business in Ireland became primarily a property holding company.
The U.K. and Italian glass container businesses were demerged and transferred to Ardagh Glass
Limited, a predecessor of Ardagh Glass Holdings Limited, in February 2003.
Acquisition of Heye Holding. In March 2003, Ardagh acquired the glass container and technology
and manufacturing businesses and assets of Hermann Heye KG for a total consideration of
A35.5 million, consisting almost entirely of assumed debt. Heye Holding GmbH was renamed Ardagh
Glass Holding Gmbh in 2007.
Acquisition of Huta Szkla Ujście. In September 2004, Ardagh acquired 82.4% of HSU, a Polish
glass container manufacturer, for A8.0 million plus assumed net debt of A3.0 million. Between
September 2004 and December 2006, Ardagh acquired the remaining 17.6% of the outstanding equity
on terms similar to the original acquisition. HSU was renamed Ardagh Glass Ujście S.A. in 2007.
Acquisition of Ardagh Glass Limited by Ardagh Glass Group plc. In February 2005, Ardagh Glass
Group plc, an Irish company (then named Caona plc), acquired 100% of the outstanding equity of
Ardagh Glass Limited at a total cost of A53.3 million.
Acquisition of Redfearn Glass Limited. In May 2005, Ardagh acquired Rexam Glass Barnsley
Limited, the U.K. glass business of Rexam plc. The business was acquired for £50 million, comprising
cash consideration and assumed debt. The business was renamed Redfearn Glass Limited.
Group Reorganization. In August 2005, Ardagh Glass Holdings Limited acquired all of the share
capital of Ardagh Glass Limited and through this acquisition became the new parent guarantor for the
2003 Notes. Ardagh Glass Limited was subsequently liquidated.
Acquisition of the Glass Division of Rexam plc. In June 2007, Ardagh acquired the glass container
manufacturing business of Rexam plc for a consideration equal to its enterprise value of A657.0 million,
less net debt. This acquisition expanded Ardagh’s holdings in Germany and Poland and allowed it enter
new markets in the Nordic and Benelux regions. Following this acquisition all the existing trading units
and active legal entities comprising the Ardagh glass container business were rebranded and renamed
Ardagh Glass.
Acquisition of Busch and Spreen. In December 2008, Ardagh Glass Engineering acquired 100% of
the share capital of Busch & Spreen through its technology subsidiary, Heye International GmbH. The
company, based in Nienburg, Germany, supplies cold end inspection equipment to the international
79