Owens-Illinois Investor Presentation — August 2019

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AUGUST 1, 20192Q 2019 EARNINGS

2SAFE HARBOR COMMENTS

Forward- Looking Statements

This document contains "forward- looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the

Securities Act of 1933. Forward- looking statements reflect the Company's current expectations and projections about future event s at the time, and thus involve uncertainty and risk. The

words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” and the negatives of these words and other similar

expressions generally identify forward- looking statements.

It is possible the Company's future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) foreign currency fluctuations

relative to the U.S. dollar, (2) changes in capital availability or cost, including interest rate fluctuations and the abilit y of the Company to refinance debt at favorable terms, (3) the general

political, economic and competitive conditions in markets and countries where the Company has operations, including uncertaintie s related to Brexit, economic and social conditions,

disruptions in the supply chain, competitive pricing pressures, inflation or deflation, and changes in tax rates and laws, (4) t he Company’s ability to generate sufficient future cash flows to

ensure the Company’s goodwill is not impaired, (5) consumer preferences for alternative forms of packaging, (6) cost and avai lability of raw materials, labor, energy and transportation, (7)

the Company’s ability to manage its cost structure, including its success in implementing restructuring plans and achieving c ostsavings, (8) consolidation among competitors and