Exhibit 99.1
Investor Contact: W. Scott Wenhold
Graphic Packaging Holding Company
770-644-3062
Media: Lois Becton
Graphic Packaging Holding Company
770-644-3515
Graphic Packaging Notified by NYSE of Non-Compliance with Listing Standard
Marietta,
Georgia February 11, 2009 Graphic Packaging Holding Company (NYSE: GPK) announced
today that the New York Stock Exchange has notified the company it is now considered to be below
criteria set by NYSE regulations. The NYSE requires that the average 30 day closing price of a
listed companys common stock be above $1.00 per share. As of February 6, 2009, the date of the
NYSE notice, the 30 trading-day average closing price of Graphic Packaging Holding Companys common
stock was $0.98 per share.
David Scheible, President and Chief Executive Officer of Graphic Packaging Holding Company,
commented, We do not believe the current stock price is a reliable indicator of the companys
strong financial and operating position. Graphic Packaging is focused on stable food and beverage
end use markets which tend to be recession resistant and has major positions with all the large
consumer based companies that serve those markets. Graphic is executing well on the $90 million
synergy plan related to our combination with Altivity Packaging, has ample liquidity and no debt
maturities before August 2011. The company is comfortably within its one required senior secured
financial covenant and is well within the range of $100 -$120 million of annual cash flow for debt
reduction that we discussed on our 2008 third quarter conference call.
Under the NYSEs rules, the company has six months from its receipt of the notice to bring its
average common share price back above $1.00. During the interim, Graphic Packaging Holding
Companys common stock will remain listed on the NYSE, subject to compliance with other applicable
NYSE continued listing requirements.
Graphic Packaging Holding Company will notify the NYSE within the required ten business day period
that it intends to cure the deficiency.
Forward Looking Statements
Any statements of the Companys expectations or intentions in this press release constitute
forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.
Specifically, all statements regarding the Companys intentions with respect to meeting certain
notification and listing requirements of the NYSE are forward-looking statements. Although the
Company intends to cure the deficiency and return to compliance with the NYSE Listing Standards,
there can be no assurance that it will be able to do so. Undue reliance should not be placed on
such forward-looking statements, as such statements speak only as of the date on
which they are made and the Company undertakes no obligation to update such statements. Additional
information regarding these and other risks is contained in the Companys periodic filings with the
SEC.
About Graphic Packaging Holding Company
Graphic Packaging Holding Company, headquartered in Marietta, Georgia, is a leading provider of
packaging solutions for a wide variety of products to food, beverage and other consumer products
companies. The Company is one of the largest producers of folding cartons and holds a leading
market position in coated-recycled boxboard and specialty bag packaging. The Companys customers
include some of the most widely recognized companies in the world. Additional information about
Graphic Packaging, its business and its products is available on the Companys web site at
www.graphicpkg.com.
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