© Top Gun Advisors 2017

Amcor FlexiblesMadison, WI

OFFERING MEMORANDUM

Credit Tenant - Specialized Manufacturing Facility - Net Lease

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Top Gun AdvisorsGreg Kloiber313.221.5470Greg@topgunadvisors.com

Offering Timeline .....................3Tenant Information .....................4Sample Products .....................5Guarantor Information....................6

Contents

David Stechly313.221.5471David@topgunadvisors.com

Details .....................7Aerial .....................8Floor Plan .....................9Potential Expansion .....................10

Offer Form: Offers will only be accepted on approved term sheet enclosed with offering memorandum package

Photos .....................11Photos .....................12Disclaimer .....................13

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Floor Plan .....................9 Photos .....................10Disclaimer .....................11

Offering Timeline

Offering Timeline

Offering Memorandum Issued

Initial Round Offers Due

Short-list Investors Selected

Selected Site Visits

Best-and-Final Offers Due

Investor Selected

P&S Agreement Executed

Due Diligence / Closing

On or around March 22nd, 2017

March 31st, 2017

April 4th, 2017

Completed by April 21st, 2017

April 26th, 2017

April 28th, 2017

May 10th, 2017

Completed by June 16th, 2017

March 22nd, 2017

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Tenant Information

Amcor FlexiblesFlexibles is one of the world’s largest suppliers of flexible packaging and folding carton packaging. The Flexibles group has four operating divisions, each manufacturing flexible and film packaging for their respective industries: Flexibles Europe, Middle East and Africa, Flexibles Americas, Flexibles Asia Pacific and Tobacco Packaging.

Flexibles Americas The Flexibles Americas business became a stand-alone business group in July 2015, with an expectation the business could accelerate growth in both North and South America. Over a relatively short period of time, sales in the region have almost doubled to nearly US$1 billion, including annualized sales from the recently acquired Alusa and Deluxe Packages businesses. With those acquisitions, combined with the legacy business, the Flexibles Americas business has quickly established a strong and unique platform for continued growth in a region that accounts for approximately 25% of global flexible packaging consumption.

Amcor in Madison, WIAmcor’s Madison plant is a strategic production site in the flexibles footprint and is critical to the long-term success of the company. This facility services customers throughout the region and outside the United States. Some highlights for the Madison operation include:• 142 Employees• Multiple customers in the medical, pharmaceutical, food, specialty tech, home, and

personal care industries• Over 39M pounds of annual diversified production output composed of multiple

press, print, and extrusions lines.• Planned expansion of the facility including significant investments in new equipment

and facility efficiency upgrades

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Sample Products

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Guarantor Information

Amcor at a GlanceAmcor is a global leader in responsible global packaging solutions supplying a broad range of rigid & flexible packaging products into the food, beverage, healthcare, home and personal care and tobacco packaging industries

Find out more about Amcor Limited by visiting https://www.amcor.com

Fiscal Year 2016 Key Metrics

Current Market Cap $13.0BAnnual Revenue $9.5BNet Income to Common $273MDiluted EPS $0.21Return on Assets 3.18%Return of Equity 32.3%Cash & Cash Equivalents $516M

Credit Profile

Current Ratio $.088Net Debt / EBITDA 2.7XLong-Term Credit Rating S&P:BBB/Stable/A-2 Moody’s Baa2/Stable/P2

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Details

Address: 4101 Lien Rd Madison, WI

Tax Parcel: 081033101023 081033209025

Building Type: Flexible Plastics and Printing Facility

Rentable Area: Offices: 38,000 SF Warehouse: 47,000 SF Production: 125,000 SF Total: 210,000 SF

Site Area: 9.7 acre parcel + 1.8 acre parking

Year Built: 1970; Expanded in 1988 - 2006

Construction: Combination of Steel/Brick

Roof: Office: Thermoplastics roof Extrusion: EPDM roof Production: Standing seam metal roof

Lighting: T-8 / LED

Electrical: 8 Services: 16,500 Amps

Fire Safety: Standard Wet Systems / ESFR Foam / CO2

Loading: 7 Docks 1 Drive-in Doors

Dock Equipment: All doors electrically operated & fully equipped

Floors: 6” standard 12” - 18” Reinforced floors

Clear Height: 18’ - 27’

Car Parking: 114 spaces

Tenant Investment: $40M of equipment & Infrastructure

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Aerial

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Floor Plan

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Potential Expansion

Strategic Investment in MadisonAmcor Flexible is currently evaluating a strategic investment in its Madison operating facility. Such investment will include a reconfiguration of the existing manufacturing layout to increase efficiencies for future business opportunities as well as an expansion of the manufacturing footprint. This expansion will include a Tenant investment of almost $5.5M in equipment.

Expansion to the building will total 32,725 square feet. This will be composed of 26,725 square feet of advanced manufacturing space and 6,000 square feet specialized chemical and raw material storage.

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Photos

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Photos

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Disclaimer

Top Gun Advisors (“TG Advisors) has been engaged as exclusive advisor to Amcor Flexibles (the “Company”) in connection with the Company’s solicitation of offers for the purchase of its manufacturing and distribution facility (the “Property”). The solicitation and potential sale of the Property shall be governed by this Confidential Offering Memorandum, as it may be modi-fied or supplemented (the “Offering Memorandum”) and the purchase agreement governing the sale of the Property (the “Purchase Agreement”). Prospective purchasers are advised that as part of the solicitation process, the Company will be evaluating a number of factors including the current financial qualifications of the prospective purchaser. Prospective purchasers are further advised that the Company expressly reserves the right in its sole and absolute discretion to evaluate the terms and conditions of any offer and to reject any offer without providing a reason therefore. Further, the Company reserves the right to terminate the solicitation process at any time prior to final execution of the Purchase Agreement.

The information contained in this Offering Memorandum, including, without limitation, all photographs, maps and artwork contained herein, as well as any other information (whether writ-ten, electronic or verbal) furnished by the Company or TG Advisors or their affiliates, or any of their respective officers, directors, shareholders, owners, employees, contractors or agents (collectively, the “Information”) is confidential, and is furnished solely for the purpose of a review by a prospective purchaser of the Property, and is not to be used for any other purpose or made available to any other person without the express written consent of the Company or TG Advisors. The Information is based in part upon information supplied by the Company and in part upon information obtained by TG Advisors from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all-inclusive, but rather only outline some of the provisions contained therein and are qualified in their entirety by the actual document to which they relate.

While the Company and TG Advisors have no reason to believe that the Information provided herein, or in any other marketing or due diligence materials provided, contains any material in-accuracies, neither the Company, TG Advisors, nor their affiliates, nor any of their respective officers, directors, shareholders, owners, employees, contractors or agents make any represen-tations or warranties, expressed or implied, as to the accuracy or completeness of the Information, including, without limitation, any financial projections and Information as to engineering or environmental matters or as to the future performance of the Property. Without limiting the foregoing, prospective purchasers should realize that any financial projections are estimates only, and are based on factors that may change in the future. Accordingly, any such projections should not be relied upon. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and should conduct their own due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the Property site or used in the construction or maintenance of the building(s) at the Property site.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or the Information shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against the Company or TG Advisors or any of their affiliates or any of their respective officers, directors, shareholders, owners, employees, contractors or agents, for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

Prospective purchasers are not to construe the contents of this Offering Memorandum or any prior or subsequent communications from TG Advisors or the Company or their affiliates or any of their respective officers, directors, shareholders, owners, employees, contractors or agents as legal, tax or other advice. Prior to submitting an offer, prospective purchasers should consult with their own legal counsel, as well as tax and other advisors, to determine the consequences of an investment in the Property and arrive at an independent evaluation of such investment. No brokerage commission or finder’s fee shall be payable to any party by the Company or TG Advisors or any affiliates or agents thereof in connection with the sale of the Prop-erty unless otherwise agreed to by the Company or TG Advisors in writing.