Statement re Moody Rating

    


Smurfit Kappa Group PLC



   Moody's change outlook from stable to positive on Smurfit Kappa Group debt

                                   SKG.I SKG.L

Dublin, London, 11 June, 2008: Smurfit Kappa Group plc ('SKG' or the 'Group'),
one of the world's largest integrated manufacturers of paper-based packaging
products with operations in Europe and Latin America, notes today's press
release by Moody's and welcomes the change in outlook from stable to positive.

Moody's change in outlook from stable to positive follows the recent upgrade of
SKG's debt by both Standard & Poor's and Fitch Ratings.

About Smurfit Kappa Group

Smurfit Kappa Group is a world leader in paper-based packaging with operations
in Europe and Latin America.

Smurfit Kappa Group operates in 22 countries in Europe and is the European
leader in containerboard, solid board, corrugated and solid board packaging and
has a key position in several other packaging and paper market segments,
including graphic board, sack paper and paper sacks. Smurfit Kappa Group also
has a growing presence in Eastern Europe. Smurfit Kappa Group operates in 9
countries in Latin America and is the only pan-regional operator.

Contacts                                                                             Information

Smurfit Kappa Group                               +353 1 202 7000         Beech Hill, Clonskeagh
                                                                               Dublin 4, Ireland
K Capital Source                                  +353 1 631 5500             Ph +353 1 202 7000
                                                                 smurfitkappa@kcapitalsource.com
                                                                 -------------------------------

Smurfit Kappa (LSE:SKG)
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