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UK: Acquisition of American National Can Group, Inc ("ANC") Now Approved by the EU Commission

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Rexam PLC ("Rexam"), the global consumer packaging company, announces that it has received regulatory approval from the EU Commission for its acquisition of ANC, the world's No 2 beverage can maker, clearing the way for Rexam to close its cash tender offer (the "Offer") for ANC. As a result of the approval, Rexam currently anticipates that there will be no further extension to the Offer beyond its scheduled expiration date on 21 July 2000.


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