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Owens-Illinois Acknowledges Receipt of Atlantic Investment Management's Letter

FOR IMMEDIATE RELEASE

For more information, contact:
David Johnson                                                 
Treasurer and VP, Investor Relations
567-336-2600
Dave.johnson@o-i.com

Owens-Illinois Acknowledges Receipt of
Atlantic Investment Management`s Letter

PERRYSBURG, Ohio (Sept 14, 2018) - Owens-Illinois, Inc. (OI) today acknowledged receipt of a letter from Atlantic Investment Management ("AIM") subsequently made public by Atlantic in a 13-D amendment.

We appreciate AIM`s support for our management team and operating strategy as affirmed in its letter. We take seriously the input of all our shareholders and O-I senior leadership has maintained an open and active dialogue with Atlantic for many years.

Our management team and Board of Directors are continually focused on ways to improve long-term value creation, and as with all shareholder input, we will consider Atlantic`s perspectives in that context.

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About O-I

Owens-Illinois, Inc. (OI) is the world`s largest glass container manufacturer and preferred partner for many of the world`s leading food and beverage brands. The Company had revenues of $6.9 billion in 2017 and employs more than 26,500 people at 78 plants in 23 countries. With global headquarters in Perrysburg, Ohio, O-I delivers safe, sustainable, pure, iconic, brand-building glass packaging to a growing global marketplace. For more information, visit o-i.com.

O-I Acknowledges Receipt of Atlantic Investment Management`s Letter
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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Owens-Illinois, Inc. via GlobeNewswire

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