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CCL Industries Expands and Extends the Term of Its Revolving Credit Facility and Announces the Date for Its Second Quarter Conference Call

Thursday 12. July 2012 - CCL Industries Inc. (TSX:CCL.A)(TSX:CCL.B), a world leader in specialty packaging solutions for the consumer products and healthcare industries, announced today that it has signed an amended bilateral four-year revolving debt agreement with its incumbent relationship, Bank of Montreal.

This replaces an agreement expiring in January 2013.
Under the agreement, CCL:
— Expanded the credit commitment from $95 million to $200 million and
improved terms and conditions with a more flexible structure to support
the Company’s worldwide initiatives.
— Achieved competitive LIBOR interest rate margins, determined by a total
net debt to EBITDA ratio, ranging from 75 bps to 200 bps.
— Extended the expiration date to July 11, 2016.
Geoffrey T. Martin, President and Chief Executive Officer stated, “Although CCL is almost completely undrawn under the current revolving credit facility, the additional borrowing capacity and competitive interest margins provide significant support for CCL to execute its strategic growth initiatives. We appreciate the unwavering support of the Bank of Montreal.”