Top Amcor executives fall in anti-competition scandal

Peter Brown, a previous managing director of Amcor Australasia who has been acting
as a consultant to Amcor since his retirement, has had his contract terminated
immediately. Amcor has made it plain that all those who have left will receive only minimum entitlements.

The company notified the Australian Competition and Consumer Commission
(ACCC) in November that it believed it had breached competition laws. According to a report by paper and packaging industry analysts, Industry Edge www.industryedge.com.au the
instigation of the notification to the ACCC appears to have originated when the four previous
executives of Amcor Australasia resigned set up a business known as
Australasian Manufacturing Consulting Group following their departure.

It is reported that Amcor had prior knowledge
of the executive's intent, and when they left it took action to ensure client details
remained the sole property of Amcor.

Information that has since been handed to Amcor by the four executives led to the company notifying the ACCC and accepting the resignations of Jones and Sutton. The Board has said it is still unaware of the full extent of the circumstances arising from potential infringement of competition laws by Amcor Fibre Packaging.

In a statement Amcor said, "The company's investigation is at an early stage. To
date, its investigation has revealed that certain of its officers and employees
appear to have entered into and given effect to arrangements which constituted
cartel arrangements in the corrugated box business."

"It is not intended that any additional payments (whether by way of accrued
performance payments or payments in lieu of notice or otherwise) will be made
to them."


Chris Roberts, Chairman of Amcor, will act in the interim as executive chairman,
Louis Lachal (EGM Operations) will become acting COO, and Daryl Roberts,
currently Group GM Fibre Packaging will become acting MD of Amcor Australasia.