Mr. Larry Warelis reports

WINPAK ANNOUNCES THE RETIREMENT OF LARRY WARELIS, VICE PRESIDENT & CFO AND APPOINTS SCOTT TAYLOR AS THE NEW CFO

Winpak Ltd. has noted the retirement of Larry Warelis, the company's vice-president and chief financial officer. After 25 years with the company in various senior administration roles, with the last five as chief financial officer, Mr. Warelis has decided to retire, effective April 29, 2022. Replacing him as Winpak's new vice-president and chief financial officer on that date will be Scott Taylor. Mr. Taylor joined Winpak in 1999 and has been in the role of director of corporate accounting and treasury since 2017. He has worked directly with Mr. Warelis for 23 years and is well versed on the various facets and responsibilities that are related to the chief financial officer position. Winpak is most fortunate that, with Mr. Taylor's expertise and valuable experience, this transition will be seamless.

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