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2016-05-10

Owens-Illinois, Inc.: O-I Announces Intent to Adjourn Annual Meeting Of Share Owners; Meeting to be adjourned to May 26, 2016 for share owners to review Company

FOR IMMEDIATE RELEASE

O-I Announces Intent to Adjourn Annual Meeting Of Share Owners

Meeting to be adjourned to May 26, 2016 for share owners to review Company's
amended annual report

PERRYSBURG, Ohio (May 10, 2016)
- Owens-Illinois, Inc. (NYSE: OI), the world's leading glass container
producer, announced today that it intends to call to order and then
immediately adjourn its annual meeting of share owners to be held in Plaza 2
of the O-I World Headquarters, Perrysburg, Ohio, on Thursday, May 12, 2016,
at 9:00 a.m., local time. The adjournment of the annual meeting of share
owners will be until 9:00 a.m., local time on Thursday, May 26, 2016 in Plaza
4 of the O-I World Headquarters.

The Company previously announced that it intends to file restated financial
statements for the years ended December 31, 2015, 2014 and 2013 contained in
the Company's Annual Report on Form 10-K for the year ended December 31, 2015
(the "2015 Annual Report") to reflect the effects of its revised method for
estimating its total asbestos-related liability. The Company currently
expects to file the amended 2015 Annual Report on or prior to Monday, May 16,
2016. The Company is adjourning the annual meeting to allow share owners
sufficient time to review the amended 2015 Annual Report.

Share owners of record may submit their votes for matters to be considered at
the annual meeting until the polls are formally closed. Share owners who have
already voted in accordance with the instructions contained in the proxy
statement and related materials do not need to submit new proxy cards or give
new voting instructions unless they wish to change their votes. Share owners
who have not yet voted can still use the proxy cards and voting instruction
forms previously provided to them. The Company's Board of Directors
encourages all share owners to review the proxy statement and amended 2015
Annual Report carefully before voting.

About O-I

Owens-Illinois, Inc. (NYSE: OI) is the world's largest glass container
manufacturer and preferred partner for many of the world's leading food and
beverage brands. The Company had revenues of $6.2 billion in 2015 and employs
27,000 people at 80 plants in 23 countries. With global headquarters in
Perrysburg, Ohio, O-I delivers safe, sustainable, pure, iconic,
brand-building glass packaging to a growing global marketplace. For more
information, visit o-i.com.

INVESTOR CONTACT

Sasha Sekpeh, 567-336-5128 - O-I Investor Relations
Kristin Kelley, 567-336-2395 - O-I Corporate Communications

Forward-looking Statements

This document contains "forward-looking" statements within the meaning of
Section 21E of the Securities Exchange Act of 1934 and Section 27A of the
Securities Act of 1933. Forward-looking statements reflect the Company's
current expectations and projections about future events 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. The Company's management has not yet completed its assessment of
the error in the previously filed financial reports discussed in this
document. In addition, the Company may not be able to file the amended 2015
Annual Report in the time frame expected. Any forward-looking statements in
this document are based on certain assumptions and analyses made by the
Company in light of its experience and perception of historical trends,
current conditions, expected future developments, and other factors it
believes are appropriate in the circumstances. Forward-looking statements are
not a guarantee of future performance and actual results or developments may
differ materially from expectations. While the Company continually reviews
trends and uncertainties affecting the Company's results of operations and
financial condition, the Company does not assume any obligation to update or
supplement any particular forward-looking statements contained in this
document.

O-I Announces Intent to Adjourn Annual Mtg of Share Owners
http://hugin.info/150659/R/2011428/744659.pdf
O-I Logo
http://hugin.info/150659/R/2011428/744660.jpg

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Owens-Illinois, Inc. via Globenewswire

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