CCL Industries : Approves a Five-For-One Stock Split and 2017 Annual and Special Meeting Results

News Release

For Immediate Release, May 10, 2017

Stock Symbol: TSX - CCL.A and CCL.B

government institutions, small businesses

and consumers, announced today

that the

previously announced split of the Company's outstanding Class A voting shares and Class B non-voting shares on a five for one basis was approved by shareholders at the Annual and Special Meeting of Shareholders of the Company held on May 9, 2017. The Company will proceed to file articles of amendment under the Canada Business Corporations Act to effect

the stock split. The stock split has been

conditionally approved

by the Toronto Stock

Exchange ("TSX"), subject to the delivery of certain documents.

The stock split will not change the rights of holders of Class A voting shares and Class B non- voting shares and will not change a shareholder's proportionate ownership in the Company. The Company believes that the stock split may encourage greater market liquidity and wider distribution of its shares among a broader investor base.

Shareholders of record as of the close of business on May 26, 2017 (the "Record Date") will

be provided with

additional share certificates representing the additional Class A voting

shares or Class B non-voting shares, as applicable, to which they are entitled as a result of

the stock split. Shareholders

will receive

four additional Class A

voting shares or four

additional Class B non-voting shares, as applicable, for each Class A voting share or Class B non-voting share held. The Company or its transfer agent, CST Trust Company, will mail these certificates on or about June 5, 2017 (the "Payment Date").

In accordance with the applicable rules of the TSX, the Class A voting shares and the Class B non-voting shares will trade on a due bill basis from May 24, 2017 (being two trading days

prior

to the Record Date) to

the Payment

Date, inclusively. A due bill is an

entitlement

attached to listed securities undergoing a material corporate action, such as a stock split. In this instance, the entitlement is to the additional Class A voting shares and Class B non- voting shares issuable as a result of the stock split. Any trades that are executed on the TSX

during this period

will be flagged to ensure purchasers receive

the entitlement to the

additional shares issuable as a result of the stock split. Ex-distribution trading in the Class A voting shares and Class B non-voting shares on a split-adjusted basis will commence on June 6, 2017, as of which date purchases of Class A voting shares and Class B non-voting shares will no longer have the attaching entitlement to the additional shares. The due bill redemption date will be June 8, 2017.

Shareholders do not need to take any action. Currently issued share certificates representing Class A voting shares and Class B non-voting shares will continue to be effective and should be retained by shareholders and should not be forwarded to the Company or its transfer agent. Those beneficial shareholders who hold their Class A voting shares or Class B non- voting shares in an account through a brokerage account, will have their account automatically updated to reflect the additional shares resulting from the stock split.

The Company's news release dated May 9, 2017, announced a quarterly dividend of $0.5625 per Class A voting share and $0.575 per Class B non-voting share payable on June 30, 2017 to shareholders of record at the close of business on June 16, 2017. The Company will now pay quarterly dividends on a post-split basis of $0.1125 per Class A voting share and

$0.1150 per Class B non-voting share. Therefore the annual dividend on Class A voting shares will be $0.01 per share less than Class B non-voting shares.

A total of 2,246,998 Class A Voting Shares representing 94.91% of the Company's issued and outstanding Class A Voting Shares, were voted in connection with the Annual and Special Shareholders' Meeting (the "Meeting) held on May 9, 2017. All matters put forth at the Meeting, including the election of eleven (11) directors, the appointment of auditors and authorization of the directors to fix the remuneration of such auditors and the amendment to the Articles of the Company to subdivide each of the issued and outstanding Class A voting shares and Class B non-voting shares of the Company on a five for one basis

were approved as detailed in the Company's filing on www.sedar.com.

Each of the director nominees proposed by the Company in its Management Information Circular dated March 20, 2017, was elected as a director of CCL Industries Inc. as follows:

enable short-run digital printing in businesses and homes alongside complementary products sold through distributors and mass market retailers. Checkpoint is a leading developer of RF and RFID based technology systems for loss prevention and inventory management including labeling and tagging solutions for the global retail and apparel industries. Innovia is a leading global producer of specialty, high performance, multi-layer, surface engineered films for label, packaging and security applications. Container is a leading producer of impact extruded aluminum aerosol cans and specialty bottles for consumer packaged goods and healthcare customers in the United States and Mexico. CCLInd is also backward integrated into materials science with capabilities in polymer extrusion, adhesive development, coating and lamination, surface engineering and metallurgy that are deployed across all five business segments.

For more information, contact:

Sean Washchuk Senior Vice President and 416-756-8526 Chief Financial Officer

For more details on CCLInd, visit our website - www.cclind.com