Smurfit-Stone Container Corporation

On May 26, 2011, the Honorable Virginia Kendall granted Plaintiffs’ motion for preliminary approval of a class action settlement in the amount of $7,750,000 in Mayer v. Administrative Committee of Smurfit-Stone Container Corporation, 09-cv-02984. On July 26, 2011, Plaintiffs filed a motion for Final Approval of the Settlement. A final judgment hearing was held on August 17, 2011 and the Court entered an Order granting Final Approval of the Class Settlement.

The Class includes all current and former participants and beneficiaries of the Smurfit-Stone Container Corporation Savings Plan, The Jefferson Smurfit Corporation Hourly Savings Plan, The Smurfit-Stone Container Corporation Hourly Savings Plan and The St. Laurent Paperboard Hourly Savings Plan for whose individual accounts the plans purchased and/or held shares of the Smurfit-Stone Container Corporation common stock fund (the “Smurfit Stock Fund”) at any time from October 29, 2003 through and including January 26, 2009.

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