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Rexam Investor Seminar on European Beverage Cans, 27 ...

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100%<br />

80%<br />

60%<br />

40%<br />

20%<br />

0%<br />

2006 2007 2008<br />

C<strong>on</strong>tract structure in Europe<br />

Pass<br />

Through<br />

Minimal exposure to metal price volatility<br />

Metal exposure<br />

covered by existing<br />

hedges<br />

Majority of c<strong>on</strong>tracts<br />

already signed and<br />

metal exposure<br />

hedged back to back<br />

30

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