FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the 'Code')

1. KEY INFORMATION

(a) Full name of discloser:

State Street Global Advisors & Affiliates

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

Rexam Plc

(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

(e) Date position held/dealing undertaken:

For an opening position disclosure, state the latest practicable date prior to the disclosure

23-June-2016

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

If it is a cash offer or possible cash offer, state 'N/A'

YES / NO / N/A

If YES, specify which:

YES - Ball UK Acquisition Limited (a wholly owned subsidiary of Ball Corporation)

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:

80 5/14p ordinary -14,980,511 Shares

ADR - 624 Shares (1 ADR = 5 ordinary shares)

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

14,983,631

2.12314%

(2) Cash-settled derivatives:

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

TOTAL:

14,983,631

2.12314%

The change in the holding of 2,257 shares since the last disclosure for dealing 22 June 2016 is due to the transfer out of a discretionary holding.

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:

Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

80 5/14p Ordinary

Sale

2,372

GBP 6.257099

80 5/14p Ordinary

Sale

541

GBP 6.257098

80 5/14p Ordinary

Sale

1,172

GBP 6.257099

80 5/14p Ordinary

Sale

2,349

GBP 6.257101

80 5/14p Ordinary

Sale

2,475

GBP 6.257099

80 5/14p Ordinary

Sale

2,769

GBP 6.2571

80 5/14p Ordinary

Sale

84,499

GBP 6.2571

80 5/14p Ordinary

Sale

1,715

GBP 6.257102

80 5/14p Ordinary

Sale

656

GBP 6.257104

80 5/14p Ordinary

Sale

64,643

GBP 6.2571

80 5/14p Ordinary

Sale

1,173

GBP 6.257101

80 5/14p Ordinary

Sale

523

GBP 6.257094

80 5/14p Ordinary

Sale

30,801

GBP 6.2571

80 5/14p Ordinary

Sale

14,101

GBP 6.2571

80 5/14p Ordinary

Sale

1,497

GBP 6.257101

80 5/14p Ordinary

Sale

202

GBP 6.257079

80 5/14p Ordinary

Sale

311

GBP 6.257106

80 5/14p Ordinary

Sale

5,405

GBP 6.257101

80 5/14p Ordinary

Sale

329

GBP 6.257112

80 5/14p Ordinary

Sale

188

GBP 6.257074

80 5/14p Ordinary

Sale

241

GBP 6.257095

80 5/14p Ordinary

Sale

4,174

GBP 6.257101

80 5/14p Ordinary

Sale

8,699

GBP 6.2571

80 5/14p Ordinary

Sale

1,206

GBP 6.257098

80 5/14p Ordinary

Sale

990

GBP 6.257101

80 5/14p Ordinary

Sale

1,929

GBP 6.257102

80 5/14p Ordinary

Sale

1,096

GBP 6.257099

80 5/14p Ordinary

Sale

16,627

GBP 6.2571

80 5/14p Ordinary

Sale

3,291

GBP 6.257101

80 5/14p Ordinary

Sale

5,265

GBP 6.2571

80 5/14p Ordinary

Sale

6,284

GBP 6.257101

80 5/14p Ordinary

Sale

761

GBP 6.257096

80 5/14p Ordinary

Sale

1,915

GBP 6.257102

80 5/14p Ordinary

Sale

5,212

GBP 6.257101

80 5/14p Ordinary

Sale

7,792

GBP 6.2571

80 5/14p Ordinary

Sale

1,532

GBP 6.257102

80 5/14p Ordinary

Sale

1,357

GBP 6.257097

80 5/14p Ordinary

Sale

3,644

GBP 6.257099

80 5/14p Ordinary

Sale

1,454

GBP 6.257098

80 5/14p Ordinary

Sale

10,902

GBP 6.2571

80 5/14p Ordinary

Sale

167

GBP 6.257126

80 5/14p Ordinary

Sale

7,742

GBP 6.2571

80 5/14p Ordinary

Sale

3,208

GBP 6.257101

80 5/14p Ordinary

Sale

887

GBP 6.257103

80 5/14p Ordinary

Sale

1,073

GBP 6.257102

80 5/14p Ordinary

Sale

307

GBP 6.257101

80 5/14p Ordinary

Sale

146,004

GBP 6.2571

80 5/14p Ordinary

Sale

4,057

GBP 6.257099

80 5/14p Ordinary

Sale

66

GBP 6.257121

80 5/14p Ordinary

Sale

4,910

GBP 6.2571

80 5/14p Ordinary

Sale

683

GBP 6.257101

80 5/14p Ordinary

Sale

137

GBP 6.25708

80 5/14p Ordinary

Sale

976

GBP 6.2571

80 5/14p Ordinary

Sale

698

GBP 6.257106

80 5/14p Ordinary

Sale

424

GBP 6.257099

80 5/14p Ordinary

Sale

3,087

GBP 6.257101

80 5/14p Ordinary

Sale

114

GBP 6.257105

80 5/14p Ordinary

Sale

12,201

GBP 6.2571

80 5/14p Ordinary

Sale

1,050

GBP 6.257105

80 5/14p Ordinary

Sale

8,539

GBP 6.2571

80 5/14p Ordinary

Sale

21,143

GBP 6.2571

80 5/14p Ordinary

Sale

1,976

GBP 6.2571

80 5/14p Ordinary

Sale

16,361

GBP 6.2571

80 5/14p Ordinary

Sale

3,771

GBP 6.257099

80 5/14p Ordinary

Sale

1,415

GBP 6.257102

80 5/14p Ordinary

Sale

85

GBP 6.257059

80 5/14p Ordinary

Sale

8,233

GBP 6.257099

80 5/14p Ordinary

Sale

42

GBP 6.257143

80 5/14p Ordinary

Sale

59

GBP 6.257119

80 5/14p Ordinary

Sale

26,410

GBP 6.2571

80 5/14p Ordinary

Sale

4,017

GBP 6.2558

80 5/14p Ordinary

Sale

481

GBP 6.25711

80 5/14p Ordinary

Sale

4,544

GBP 6.257099

80 5/14p Ordinary

Sale

12,553

GBP 6.2571

80 5/14p Ordinary

Sale

264

GBP 6.257083

80 5/14p Ordinary

Sale

146

GBP 6.257123

80 5/14p Ordinary

Sale

17,510

GBP 6.2571

80 5/14p Ordinary

Sale

3,717

GBP 6.2571

80 5/14p Ordinary

Sale

4,219

GBP 6.257099

80 5/14p Ordinary

Sale

1,713

GBP 6.257099

80 5/14p Ordinary

Sale

13,045

GBP 6.2571

80 5/14p Ordinary

Sale

9,368

GBP 6.2571

80 5/14p Ordinary

Sale

384

GBP 6.257109

80 5/14p Ordinary

Sale

107

GBP 6.257103

80 5/14p Ordinary

Sale

3,642

GBP 6.2571

80 5/14p Ordinary

Sale

12,945

GBP 6.2571

80 5/14p Ordinary

Sale

1,367

GBP 6.257103

80 5/14p Ordinary

Sale

1,871

GBP 6.257098

80 5/14p Ordinary

Sale

13,724

GBP 6.2558

80 5/14p Ordinary

Sale

5,786

GBP 6.2571

80 5/14p Ordinary

Sale

393

GBP 6.257099

80 5/14p Ordinary

Sale

254

GBP 6.257087

80 5/14p Ordinary

Sale

3,464

GBP 6.257099

80 5/14p Ordinary

Sale

39

GBP 6.257179

80 5/14p Ordinary

Sale

7,096

GBP 6.2571

80 5/14p Ordinary

Sale

794

GBP 6.257103

80 5/14p Ordinary

Sale

94,311

GBP 6.2571

80 5/14p Ordinary

Sale

46,208

GBP 6.2571

80 5/14p Ordinary

Sale

9,908

GBP 6.2571

80 5/14p Ordinary

Sale

3,903

GBP 6.2571

80 5/14p Ordinary

Sale

34,009

GBP 6.2571

80 5/14p Ordinary

Sale

14,493

GBP 6.2571

80 5/14p Ordinary

Sale

11,807

GBP 6.2571

80 5/14p Ordinary

Sale

65,851

GBP 6.2571

80 5/14p Ordinary

Sale

70,199

GBP 6.2571

80 5/14p Ordinary

Sale

6,761

GBP 6.2571

80 5/14p Ordinary

Sale

1,517

GBP 6.2571

80 5/14p Ordinary

Sale

1,127

GBP 6.257098

80 5/14p Ordinary

Sale

1,057

GBP 6.257096

80 5/14p Ordinary

Sale

7,687

GBP 6.2571

80 5/14p Ordinary

Sale

1,023

GBP 6.257097

(b) Cash-settled derivative transactions

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none'

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state 'none'

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

No

Date of disclosure:

24-June-2016

Contact name:

Colin Fernandes

Telephone number:

020 3395 6221

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel atmonitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website atwww.thetakeoverpanel.org.uk.

Rexam plc published this content on 24 June 2016 and is solely responsible for the information contained herein.
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