PERRYSBURG, Ohio, Oct. 21, 2026 (GLOBE NEWSWIRE) —

• In 2025, managed hundreds of energy-savings projects that reduced CO₂ emissions by an estimated 133,000 metric tons
• Increased the share of electricity matched with renewable energy certificates (RECs), including matching 100% of electricity use in Continental Europe operations with RECs
• Expanded circularity efforts through approximately 40 closed-loop recycling programs worldwide and 47 community glass collection sites in the United States

������, Inc. (“������” or “O-I”) today announced new progress toward its 2030 sustainability goals in its 2026 Sustainability Report, which details advancements in energy-savings projects, renewable electricity matching, and improving circularity in 2025.

The global glass packaging leader reported a 28% reduction in absolute Scope 1 and 2 greenhouse gas emissions for 2025 compared to its 2019 baseline, driven in part by certain strategic changes to its operations and a sharpened focus on energy management.

“At O-I, energy management is not aspirational—it’s operational,” said Chief Administrative and Sustainability Officer Randy Burns. “We have made meaningful progress in enhancing our systems and processes, reducing energy use, and advancing toward our sustainability targets. We know that when we do, our business is more efficient, and we create value for brands that are also navigating evolving sustainability expectations.”

The company’s sustainability strategy included assembling a global energy strike team dubbed “Spark” in 2025 to implement best practices, monitor performance, and identify energy-reduction opportunities. Hundreds of O-I energy-savings projects resulted in an estimated 133,000 metric tons of CO₂ reductions in 2025.

O-I also made progress in renewable electricity, with 65% of its global electricity consumption matched with renewable energy certificates (RECs) in 2025, approaching O-I’s 2030 goal of 80% renewable electricity. Across its operations in Continental Europe, 100% of the company’s electricity consumption was matched with RECs.

O-I continues investing across the glass value chain to recover more glass and keep it in circulation. The company increased its global average of recycled content to 42%, with a focus on strengthening glass recycling infrastructure. The glassmaker supports approximately 40 closed-loop recycling programs globally and 47 community collection sites in the United States where it’s headquartered.

“������ doesn’t return to manufacturing by accident. It requires people, infrastructure, and collaboration to make it happen,” said Burns. “That’s why we continue to invest in collection programs, recycling partnerships, and processing capabilities that keep more glass moving through the circular economy and back into new O-I bottles and jars.”

The O-I 2026 Sustainability Report is available for download on at
o-i.com/sustainability/sustainability-report/.

###

ABOUT O-I GLASS

At ������, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. ������ is not only��beautiful,��it��is also pure and recyclable. When collected and processed through established glass recycling systems, glass containers can be endlessly remade into new glass packaging, supporting a more circular packaging economy. Headquartered in Perrysburg, Ohio (USA), O-I is the trusted partner for a wide range of food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61��plants in 18 countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: /�� /

Forward-Looking Statements

This press release contains “forward-looking” statements related to ������, Inc. (“������” or the “Company”) within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the Company’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “target,” “goal,” “commit,” and the negatives of these words and other similar expressions generally identify forward-looking statements.

It is possible that the Company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the Company’s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win initiative, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general credit, financial, political, economic, legal and competitive conditions in markets and countries where the Company has operations, including uncertainties related to economic and social conditions, trade policies and disputes, financial market conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, changes in laws or policies, legal proceedings involving the Company, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current conflicts in the Middle East and between Russia and Ukraine and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the Company’s customer base, (7) risks related to the development, deployment and use of artificial intelligence technologies, (8) the Company’s inability to improve glass melting technology in a cost-effective manner and introduce productivity, process and network optimization actions, (9) unanticipated supply chain and operational disruptions, including higher capital spending, (10) seasonality of customer demand, (11) the failure of the Company’s joint venture partners to meet their obligations or commit additional capital to the joint venture, (12) labor shortages, labor cost increases or strikes, (13) the Company’s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (14) the Company’s ability to generate sufficient future cash flows to ensure the Company’s goodwill is not impaired, (15) any increases in the underfunded status of the Company’s pension plans, (16) any failure or disruption of the Company’s information technology, or those of third parties on which the Company relies, or any cybersecurity or data privacy incidents affecting the Company or its third-party service providers, (17) risks related to the Company’s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the Company to generate cash to service indebtedness and refinance debt on favorable terms, (18) risks associated with operating in foreign countries, (19) foreign currency fluctuations relative to the U.S. dollar, (20) changes in tax laws or global trade policies, (21) the Company’s ability to comply with various environmental legal requirements, (22) risks related to recycling and recycled content laws and regulations, (23) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders, and the other risk factors discussed in the Company’s filings with the Securities and Exchange Commission.

Additionally, certain forward-looking and other statements in this press release regarding sustainability and ESG matters, including the Company’s 2030 sustainability goals, are informed by various ESG standards and frameworks (which may include standards for the measurement of underlying data) and the interests of various stakeholders. ESG information is also often reliant on third-party information or methodologies that are subject to evolving expectations and best practices. The Company’s disclosures may change due to revisions in framework requirements, availability of information, changes in its business or applicable governmental policies, or other factors, some of which may be beyond its control. Given the inherent uncertainty of the estimates, assumptions and timelines involved, the Company may not be able to anticipate in advance whether or to what degree it will be able to meet its sustainability plans, targets or goals. Forward-looking statements are not a guarantee of future performance, and actual results or developments may differ materially from expectations. The Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this press release, except where expressly required to do so by law.

Attachment

CONTACT:

Kelly Curran
Director of Corporate Affairs
Kelly.Curran@O-I.com

The study has insights that brand managers will find valuable. The surveyed 4,046 U.S. consumers ages 18 to 79. According to the survey, at least half of consumers are extremely or very concerned about packaging related health concerns.����

More importantly, these concerns are translating into behavior. More than half of consumers report changing what they buy to avoid packaging that may introduce unwanted chemicals.��

This is no surprise. As we witness a population driven to healthy decisions, reflected by a rise in the use of GLP-1s and wearable monitoring devices, consumer concern about packaging and health is now the second-leading factor influencing purchase decision, separated from economics by only a 5-point gap.��

The survey shows that consumers are concerned about chemicals leaching from packaging and frustrated by a lack of availability of packaging types that they perceive to be less risky, like glass.����

Brands can no longer consider packaging as an afterthought, or even assume parity with existing offerings. Consumers are waking up to the implications of what their food and beverages are packaged in.����

Consumers Actively Avoid Plastic … When They Can ��

Food and beverage consumers in the U.S. made it clear: they want to avoid chemicals in packaging. At least half of those surveyed said they had concerns about microplastics in water, food, and air, liquid and airborne chemicals, and plastics used in packaging food/water. Sixty-three percent said they were concerned about chemicals leaching from packaging.����

They said glass packaging is the option they trust.��

• 57% buy food and beverages in glass whenever available��

• 64% wish more products came in glass��

• 59% dislike buying beverages in plastic bottles but say alternatives are often unavailable��

This data shows that consumers are actively avoiding some materials, plastics in particular, when they can – but they find they don’t always have a choice.��

Brands can no longer consider packaging as an afterthought or even assume parity with existing packaging offerings. They clearly want more food and beverage packaging alternatives like glass. Consumers admit they will still buy the incumbent package, but this identifies an obvious demand gap just waiting for a brand to step in and fill the unmet desire.

Flawed Assumptions about Food and Beverage Consumers��

Packaging changes are often treated as operational decisions, with the inherent belief that consumers won’t notice the change. The EcoFocus 2026 study shows that assumption is flawed and even potentially damaging to the brand.��

The study shows moving away from glass comes with substantial consumer risk.����

• 59% dislike when brands switch from glass to plastic��

• 53% dislike when brands switch from glass to cans��

In fact, 49% of consumers surveyed said they would leave a brand entirely if it switched from glass to plastic. The generations that are most likely to make the change are the younger generations who represent the purchasing power of the next decade: 60% of Gen Z and 64% of millennials report changing what they buy to avoid chemicals in packaging.��

For brands, that preference is no longer just an awareness issue. The survey suggests it may present a meaningful business risk when packaging choices move in the opposite direction of consumer expectations.

Food and Beverage Consumers Have High Packaging Expectations for Healthy Brands��

The survey shows that consumers have particularly high expectations of brands who market themselves as healthy. If a brand is rooted in high quality, health, and/or organic ingredients, treating packaging as an afterthought can be extremely detrimental to a product’s reception in the market.��

• 72% believe products with healthier ingredients should be packaged in healthier materials��

• 63% of Gen Z and 69% of Millennials expect natural and organic brands to use glass��

Consumers want consistency between a product’s promise and its package. If brands are investing heavily in ingredient quality and product formulation, packaging may be an overlooked extension of that story. ��

Why Do Consumers Prefer ������ Packaging?��

The answer may be simpler than brands think. Consumers are paying closer attention to packaging and questioning the materials that come into contact with their food and beverages. The survey found 59% of consumers agree that glass was the only food and beverage packaging where they don’t have to worry about chemicals.��

The EcoFocus 2026 study found that these concerns are already influencing purchasing decisions, with more than half of consumers reporting they have changed what they buy to avoid certain types of packaging.����

For many, glass represents an option they trust and one they wish was available more often.��

What is Your Packaging Signaling to Health-Driven Consumers?��

As we look at the market today, particularly to sub-segments and brands that are jumping on to the wave of health and wellness, it’s a critical moment to reflect on what your packaging is communicating to consumers.��

Are consumer packaging preferences being addressed by your portfolio strategy?��

Are there product extensions where glass could unlock new consumer access?��

Could glass provide differentiation in the increasingly crowded health categories?

The EcoFocus 2026 survey suggests that consumers are increasingly seeing packaging as a holistic part of the product and brand experience. Short-sighted packaging decisions made as an afterthought to product development, particularly when it comes to innovative products, are costly and often lead to failed launches.����

There are certainly many new innovations to be captured in the market. But if I can offer one consideration – maybe there is demand in markets you already serve today, just waiting for the right package type to catapult a brand into a leadership position. Maybe you can be the one to bridge the demand gap and capture the attention of the consumers of the future.��

Methodology: EcoFocus surveyed 4,046 U.S. consumers ages 18 to 79 between May 28 and June 14, 2026. The study was nationally representative and balanced to U.S. Census demographics.

What: ����������������O-I Conference Call and Webcast
Earnings presentation materials will also be posted on the O-I website,��www.o-i.com/investors, when the earnings news release is issued.

When: ����������������Wednesday, October 28, 2026, at 8 a.m. EDT

Where: ���������������� or at www.o-i.com/investors, Events and Presentations page

The webcast will be archived at www.o-i.com/investors until October 2027.

ABOUT O-I GLASS

At ������, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. ������ is not only��beautiful,��it��is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately��19,000 people��across 61 plants in 18��countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: ��/ ����/��

CONTACT:��

SASHA SEKPEH
Investor Relations Coordinator
alexandra.sekpeh@o-i.com
567.336.5128

• Sustainable packaging is only one part of building a circular economy. Keeping materials in use requires participation across the entire value chain.
• Leading beverage brands in Colombia, Peru, and Ecuador partnered with O-I Andean to encourage consumers to return and recycle glass bottles through a multi-market digital awareness campaign.
• The campaign demonstrated how returnable glass bottles and glass recycling work together to keep valuable materials in circulation.
• As an infinitely recyclable packaging material, glass is one of the few packaging materials that supports both reuse and recycling, making it uniquely suited for a circular packaging system.
• Brands, glass manufacturers, and consumers can work together to strengthen circular packaging systems.

Sustainable packaging has been at the center of the conversation for years. But what happens after the product is used?

Some of Latin America’s leading beer brands recently joined forces with O-I to shine a spotlight on something already happening every day across Colombia, Peru, and Ecuador: glass bottles returning to the circular economy through both returnable systems and recycling.

The beer brands found an engaging way to catch consumer attention, reinforcing that true circularity is only possible through participation across the value chain.

A Message About ������ Recycling and Returnable ������ Bottles

Together, the beer brands , , and created a campaign that demonstrated that circularity isn’t just a design principle — It’s a shared responsibility. At the center of the campaign was a simple idea: . Or translated, “Let it come back.”

As influencer Isabella McCausland points out in the video above, it’s not that all things should come back, but glass bottles should!

Through a single returnable bottle, it can be returned up to 25 times for reuse. But what makes any of this even possible is manufacturers, brands, and consumers working together to make sure that glass bottles always find their way back – and not discarded as trash.

The message of “let it come back” carries a dual meaning.

For returnable bottles, it encourages customers to return them for cleaning, refilling, and reuse. For recyclable bottles, it reinforces that glass can be collected, processed, and reused to make new bottles again and again. Whether a bottle is reused or recycled, it’s part of a continuous cycle that doesn’t result in waste.

Rather than relying on a single communication channel, the campaign reached consumers through the brands’ social media channels, influencer partnerships (as seen above), and .

Everyone Benefits When Brands Champion Circular Systems

Packaging plays an important role in sustainability. The greatest environmental impact comes when packaging is designed and used within circular systems. When beverage brands are able to use their platforms to educate consumers, they raise awareness of systems already operating in their markets.

Instead of asking consumers to adopt entirely new behaviors, the campaign highlighted existing opportunities to participate in returnable and recycling programs, making circularity feel practical, accessible, and achievable.

It’s an example of how brands can extend their sustainability commitments beyond product design and help strengthen the systems that support circular packaging.

������ Is Uniquely Positioned for Circular Packaging

������ is uniquely suited to support a low-waste circular economy because of multiple reasons, three of which are important to note:

• ������ is 100% infinitely recyclable, meaning quality is maintained during recycling.
• ������ is made from materials natural to the earth (sand, limestone, and soda ash), as well as recycled glass. As far as materials go, glass is a friendly packaging choice for the earth and environment.
• Using recycled glass reduces energy consumption and carbon emissions.

Returnable glass bottles can be collected, washed, and refilled multiple times. When a bottle reaches the end of its reusable life, glass can be recycled into new bottles again and again without loss of quality. The more glass that can be recycled, the greater the increase in availability of recycled glass, also called cullet, and the less glass lands in landfills.

This ability to support both reuse and infinite recyclability makes glass one of the few packaging materials capable of remaining in continuous circulation through multiple life cycles.

O-I’s Role in the Value Chain Makes Circularity Possible

At O-I, we believe the success of a circular economy depends on collaboration.

As a global glass packaging manufacturer, O-I works alongside customers, communities, suppliers, and industry partners to strengthen the systems that keep glass in circulation.

Whether , expanding glass recycling initiatives, or , these partnerships help build more resilient circular ecosystems over time.

The recent collaboration across Colombia, Peru, and Ecuador demonstrates what’s possible when manufacturers and brands work together toward a shared goal.

The Future of Sustainable Packaging in a Circular Economy

The reality is that the transition to a fully circular economy won’t happen through packaging innovation alone. It requires manufacturers designing circular materials, brands engaging consumers, and consumers choosing to return or recycle every bottle.

The “Déjala que vuelva” campaign shows what’s possible when every part of the value chain works together from creation to consumption of a beverage packaged in glass.

Because every bottle that comes back, whether for reuse or recycling, is another step toward keeping glass in circulation and building a more sustainable future that benefits everyone.

Please follow the links below to view our second quarter 2026 earnings documents.

O-I CEO Gordon Hardie and CFO John Haudrich will conduct a conference call to discuss the company’s latest results on Wednesday, July 29, 2026, at 8:00 a.m. ET. A live webcast of the conference call, including presentation materials, will be available on the O-I website, www.o-i.com/investors, in the Events and Presentations section. A replay of the call will be available on the website for a year following the event.

ABOUT O-I GLASS

At ������, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. ������ is not only��beautiful,��it��is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately��19,000 people��across 61 plants in 18��countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us:����/ ����/��

CONTACT:��

CHRIS MANUEL
VP, Investor Relations
Chris.Manuel@o-i.com
567.336.2600

SASHA SEKPEH
Sr. Finance Coordinator
Alexandra.Sekpeh@o-i.com
567.336.5128

Attachments

What: ����������������O-I Conference Call and Webcast
Earnings presentation materials will also be posted on the O-I website,��www.o-i.com/investors, when the earnings news release is issued.

When: ����������������Wednesday, July 29, 2026, at 8 a.m. EDT

Where: ���������������� or at www.o-i.com/investors, Events and Presentations page

The webcast will be archived at www.o-i.com/investors until July 2027.

ABOUT O-I GLASS

At ������, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. ������ is not only��beautiful,��it��is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately��19,000 people��across 61 plants in 18��countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: ��/ ����/��

CONTACT:��

SASHA SEKPEH
Investor Relations Coordinator
alexandra.sekpeh@o-i.com
567.336.5128

Attachment

������ Chief Executive Officer Gordon Hardie and Chief Financial Officer John Haudrich will present at 11:00 a.m. CT.

A live webcast of the presentation will be available at ‌�Čor can be accessed on the Company’s Investor Relations website,��www.o-i.com/investors, Events and Presentations page.

The replay will be available through the above link within 24 hours of the presentation and will be archived for 90 days following the completion of the conference.

ABOUT O-I GLASS

At ������, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. ������ is not only��beautiful,��it��is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately��19,000 people��across 61 plants in 18��countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us:����/ ����/��

CONTACT:��

SASHA SEKPEH
Sr. Finance Coordinator

Alexandra.Sekpeh@o-i.com
567.336.5128

������, Inc. (the “Company”) announced that Owens-Brockway ������ Container Inc. (“OBGC”), an indirect wholly owned subsidiary of the Company, priced a private offering (the “Offering”) of $500 million aggregate principal amount of its 9.500% senior notes due 2033 (the “Notes”) at par. The net proceeds to OBGC from the Offering are expected to be approximately $495 million, after deducting commissions but before offering expenses payable by OBGC. OBGC’s obligations under the Notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. (“OI Group”) and certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group’s credit agreement. The Offering is expected to close on May 18, 2026, subject to the satisfaction of customary closing conditions.

OBGC expects to use the net proceeds from the Offering, together with borrowings under the Company’s revolving credit facility and cash on hand, to redeem all of OBGC’s outstanding 6.625% Senior Notes due 2027 (the “2027 OBGC Notes”).

The Notes and the guarantees have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws, and are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule��144A under the Securities Act and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. Unless so registered, the Notes and the guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. Prospective purchasers that are qualified institutional buyers are hereby notified that the seller of the Notes may be relying on the exemption from the provisions of Section��5 of the Securities Act provided by Rule��144A.

The information contained in this news release is for informational purposes only and shall not constitute a notice of redemption for the 2027 OBGC Notes or an offer to sell or the solicitation of an offer to buy the 2027 OBGC Notes, the Notes or the guarantees, nor shall there be any sale of the Notes and the guarantees in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About ������

At ������, Inc. (NYSE: OI), we love glass and we’re proud to be one of the leading producers of glass bottles and jars around the globe. ������ is not only beautiful, it’s also pure and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved net sales of $6.4 billion in 2025.

Forward-Looking Statements

This press release contains “forward-looking” statements related to the Company within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act. Forward-looking statements reflect the Company’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “target,” “commit” and the negatives of these words and other similar expressions generally identify forward-looking statements.

It is possible that the Company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the Company’s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win initiative, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general credit, financial, political, economic, legal and competitive conditions in markets and countries where the Company has operations, including uncertainties related to economic and social conditions, trade policies and disputes, financial market conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, changes in laws or policies, legal proceedings involving the Company, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current conflicts in the Middle East and between Russia and Ukraine and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the Company’s customer base, (7) risks related to the development, deployment and use of artificial intelligence technologies, (8) the Company’s inability to improve glass melting technology in a cost-effective manner and introduce productivity, process and network optimization actions, (9) unanticipated supply chain and operational disruptions, including higher capital spending, (10) seasonality of customer demand, (11) the failure of the Company’s joint venture partners to meet their obligations or commit additional capital to the joint venture, (12) labor shortages, labor cost increases or strikes, (13) the Company’s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (14) the Company’s ability to generate sufficient future cash flows to ensure the Company’s goodwill is not impaired, (15) any increases in the underfunded status of the Company’s pension plans, (16) any failure or disruption of the Company’s information technology, or those of third parties on which the Company relies, or any cybersecurity or data privacy incidents affecting the Company or its third-party service providers, (17) risks related to the Company’s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the Company to generate cash to service indebtedness and refinance debt on favorable terms, (18) risks associated with operating in foreign countries, (19) foreign currency fluctuations relative to the U.S. dollar, (20) changes in tax laws or global trade policies, (21) the Company’s ability to comply with various environmental legal requirements, (22) risks related to recycling and recycled content laws and regulations, (23) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders and (24) the other risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequently filed Quarterly Reports on Form 10-Q or the Company’s other filings with the Securities and Exchange Commission.

It is not possible to foresee or identify all such factors. Any forward-looking statements in this press release are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results, or developments may differ materially from expectations. While the Company continually reviews trends and uncertainties affecting the Company’s results of operations and financial condition, the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this press release.

SOURCE: ������,��Inc.

Attachment

For more information, contact:
Chris Manuel
Vice President of Investor Relations
567-336-2600
Chris.Manuel@o-i.com

������, Inc. (the “Company”) announced that Owens-Brockway ������ Container Inc. (“OBGC”), an indirect wholly owned subsidiary of the Company, intends to offer, subject to market and other conditions, $500 million aggregate principal amount of its senior notes due 2033 (the “Notes”) in a private offering (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”). OBGC’s obligations under the Notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. (“OI Group”) and certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group’s credit agreement.

OBGC expects to use the net proceeds from the Offering, together with borrowings under the Company’s revolving credit facility and cash on hand, to redeem all of OBGC’s outstanding 6.625% Senior Notes due 2027 (the “2027 OBGC Notes”).

The Notes and the guarantees have not been registered under the Securities Act, or applicable state securities laws, and will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule��144A under the Securities Act and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. Unless so registered, the Notes and the guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. Prospective purchasers that are qualified institutional buyers are hereby notified that the seller of the Notes may be relying on the exemption from the provisions of Section��5 of the Securities Act provided by Rule��144A.

The information contained in this news release is for informational purposes only and shall not constitute a notice of redemption for the 2027 OBGC Notes or an offer to sell or the solicitation of an offer to buy the 2027 OBGC Notes, the Notes or the guarantees, nor shall there be any sale of the Notes and the guarantees in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About ������

At ������, Inc. (NYSE: OI), we love glass and we’re proud to be one of the leading producers of glass bottles and jars around the globe. ������ is not only beautiful, it’s also pure and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved net sales of $6.4 billion in 2025.

Forward-Looking Statements

This press release contains “forward-looking” statements related to the Company within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act. Forward-looking statements reflect the Company’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “target,” “commit” and the negatives of these words and other similar expressions generally identify forward-looking statements.

It is possible that the Company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the Company’s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win initiative, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general credit, financial, political, economic, legal and competitive conditions in markets and countries where the Company has operations, including uncertainties related to economic and social conditions, trade policies and disputes, financial market conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, changes in laws or policies, legal proceedings involving the Company, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current conflicts in the Middle East and between Russia and Ukraine and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the Company’s customer base, (7) risks related to the development, deployment and use of artificial intelligence technologies, (8) the Company’s inability to improve glass melting technology in a cost-effective manner and introduce productivity, process and network optimization actions, (9) unanticipated supply chain and operational disruptions, including higher capital spending, (10) seasonality of customer demand, (11) the failure of the Company’s joint venture partners to meet their obligations or commit additional capital to the joint venture, (12) labor shortages, labor cost increases or strikes, (13) the Company’s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (14) the Company’s ability to generate sufficient future cash flows to ensure the Company’s goodwill is not impaired, (15) any increases in the underfunded status of the Company’s pension plans, (16) any failure or disruption of the Company’s information technology, or those of third parties on which the Company relies, or any cybersecurity or data privacy incidents affecting the Company or its third-party service providers, (17) risks related to the Company’s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the Company to generate cash to service indebtedness and refinance debt on favorable terms, (18) risks associated with operating in foreign countries, (19) foreign currency fluctuations relative to the U.S. dollar, (20) changes in tax laws or global trade policies, (21) the Company’s ability to comply with various environmental legal requirements, (22) risks related to recycling and recycled content laws and regulations, (23) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders and (24) the other risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequently filed Quarterly Reports on Form 10-Q or the Company’s other filings with the Securities and Exchange Commission.

It is not possible to foresee or identify all such factors. Any forward-looking statements in this press release are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results, or developments may differ materially from expectations. While the Company continually reviews trends and uncertainties affecting the Company’s results of operations and financial condition, the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this press release.

SOURCE: ������,��Inc.

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For more information, contact:
Chris Manuel
Vice President of Investor Relations
567-336-2600
Chris.Manuel@o-i.com

Please follow the links below to view the documents containing our first quarter 2026 earnings materials.

O-I CEO Gordon Hardie and CFO John Haudrich will conduct a conference call to discuss the company’s latest results on Wednesday, April 29, 2026, at 8:00 a.m. ET. A live webcast of the conference call, including presentation materials, will be available on the O-I website, www.o-i.com/investors, in the Events and Presentations section. A replay of the call will be available on the website for a year following the event.

ABOUT O-I GLASS

At ������, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. ������ is not only��beautiful,��it��is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately��19,000 people��across 61 plants in 18��countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: ��/  ��/

CONTACTS:

CHRIS MANUEL����������
VP, Investor Relations
Chris.Manuel@o-i.com
567.336.2600

SASHA SEKPEH
Sr. Finance Coordinator
Alexandra.Sekpeh@o-i.com

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