Berry Plastics Group, Inc. Announces Pricing of Secondary Public Offering

  Berry Plastics Group, Inc. Announces Pricing of Secondary Public Offering

Business Wire

EVANSVILLE, Ind. -- July 17, 2013

Berry Plastics Group, Inc. (NYSE: BERY) (the “Company”) announced today the
pricing of a previously announced secondary public offering of 15,000,000
shares of the Company’s common stock by certain funds affiliated with Apollo
Global Management, LLC and certain funds affiliated with Graham Partners, Inc.
(collectively, the “Selling Stockholders”) at $21.63 per share. The
underwriters will have a 30-day option to purchase up to an additional
2,250,000 shares of common stock from the Selling Stockholders. The Company
itself is not selling any shares and will not receive any proceeds from the
offering, and it will not change the number of shares of the Company’s common
stock that are currently outstanding. The offering is currently expected to
close on July 23, 2013, subject to customary closing conditions.

Citigroup, BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co.,
Credit Suisse, Baird and Barclays are acting as joint book-running managers
for the offering.

SunTrust Robinson Humphrey, Wells Fargo Securities and Apollo Global
Securities are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with, and
declared effective by, the United States Securities and Exchange Commission. A
copy of the registration statement can be obtained from the Securities and
Exchange Commission’s website at www.sec.gov.

The offering is being made only by means of prospectus. A copy of the final
prospectus relating to the offering may be obtained from: Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717
(Tel: 800-831-9146) or BofA Merrill Lynch, 222 Broadway, New York, NY 10038,
Attn: Prospectus Department, email dg.prospectus_requests@baml.com.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction.

About Berry Plastics

Berry Plastics Group, Inc. is a leading provider of value-added plastic
consumer packaging and engineered materials delivering high-quality customized
solutions to our customers with annual net sales of $4.8 billion in fiscal
2012. With world headquarters in Evansville, Indiana, the Company's common
stock is listed on the New York Stock Exchange under the ticker symbol BERY.

Forward-looking Statements

Certain statements and information included in this release may constitute
“forward looking statements” within the meaning of the Federal Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance, or achievements of the Company to be
materially different from any future results, performance, or achievements
expressed or implied in such forward looking statements. Additional discussion
of factors that could cause actual results to differ materially from
management’s projections, forecasts, estimates and expectations is contained
in the companies’ Securities and Exchange Commission filings. The companies do
not undertake any obligation to update any forward-looking statements, or to
make any other forward-looking statements, whether as a result of new
information, future events or otherwise.

Contact:

Berry Plastics Group, Inc.
Media Contact:
Eva Schmitz, 812-306-2424
evaschmitz@berryplastics.com
or
Investor Contact:
Dustin Stilwell, 812-306-2964
dustinstilwell@berryplastics.com
 
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