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Outlook Group To Be Acquired by Vista Group Holdings, Taken Private

Tuesday, March 21, 2006

Press release from the issuing company

NEENAH, Wis.--March 20, 2006-- Outlook Group Corp. and Vista Group Holdings, LLC today announced that they have signed a definitive agreement for Vista to acquire Outlook Group in a cash transaction for consideration of $13.50 per share. Joseph J. Baksha, President and Chief Executive Officer of Outlook Group, said, "We are excited about this opportunity. The transaction will provide liquidity for our shareholders at an attractive price and create additional opportunities for Outlook Group to pursue its growth strategies as a privately held company. Going forward, we intend to continue operating at our current locations and serving our customers with our dedicated associates." Calvin W. Aurand, spokesperson for Vista, said, "Outlook Group's experienced management team and workforce and its deep relationships with its clients make Outlook Group an attractive acquisition for us. We believe Outlook Group's focus on building long-term relationships with its clients is a key differentiator that will allow Outlook Group to grow its market share in this competitive business. We look forward to helping Outlook Group and its management team grow this business in the years to come." Completion of the proposed transaction is conditioned upon Outlook Group shareholder approval, Vista financing and various other customary conditions. Subject to those conditions, the transaction is expected to be completed in summer 2006. Cleary Gull Inc. acted as financial advisor to the Outlook Group Board of Directors and has rendered a fairness opinion.




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