Athens, February 23, 2017 – Frigoglass S.A.I.C. (the “Company”) has reached an agreement in principle, subject to agreement on detailed terms and documentation, with its key stakeholders, including its largest shareholder, an ad-hoc committee representing holders of Frigoglass’ €250 million 8.25% Senior Notes due 2018, and Frigoglass’ core lending banks, on the key parameters that will underpin the restructuring of the group’s capital structure.