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|Owens-Illinois Acknowledges Receipt of Atlantic Investment Management's Letter|
FOR IMMEDIATE RELEASE
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Owens-Illinois Acknowledges Receipt of
PERRYSBURG, Ohio (Sept 14, 2018) - Owens-Illinois, Inc. (NYSE: 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.