Mr. O.Y. Muggli reports

WINPAK'S BOARD OF DIRECTORS ANNOUNCES FIRST QUARTER 2023 DIVIDEND

Winpak Ltd. has declared a dividend of three cents per share. The dividend is payable on April 12, 2023, to shareholders of record at the close of business on April 3, 2023.

About Winpak Ltd.

Winpak manufactures and distributes high-quality packaging materials and related packaging machines. The company's products are used primarily for the protection of perishable foods and beverages and in health care applications.