Sappi Europe to increase prices on Woodfree grades by 6-8% from January 1st 2018

Total European shipments of graphic papers in June 2020 were down 26.6% vs. June 2019 and are down 18.8% year-to-date. Total European shipments of newsprint in June 2020 were down 19.4% vs. June 2019 and are down 15.4% year-to-date. Total European shipments of sc-magazine in June 2020 were down 21.1% vs. June 2019 and are down 19.3% year-to-date. Total European shipments of coated mechanical reels in June 2020 were down 39.3% vs. June 2019 and are down 25.8% year-to-date. Total European shipments of uncoated mechanical (improved & others) in June 2020 were down 10.3% vs. June 2019 and are down 8.0% year-to-date. Total European shipments of coated woodfree in June 2020 were down 36.6% vs. June 2019 and are down 24.5% year-to-date. Total European shipments of uncoated woodfree in June 2020 were down 24.0% vs. June 2019 and are down 15.2% year-to-date.

Cascades Inc. announces that it will progressively and permanently close tissue production and converting operations at its Ransom and Pittston plants, located in Pennsylvania, between December 7 and January 31st of 2021. The two paper machines at the Ransom plant have a total annual production capacity of 50,000 short tonnes of tissue paper. Currently, the conversion of this volume into 6 million cases of product occurs primarily at the Pittston plant. These volumes will be moved to other Cascades plants and filled with additional capacity. The two sites employ a total of 229 workers. "The aging equipment of these facilities, the low profitability, the high logistic costs and our recently announced investments in other production and converting units in the U.S. have prompted us to move production to our other sites to optimize operational efficiency." said Jean-David Tardif, President and Chief Operating Officer of Cascades Tissue Group.

First Quarter 2021 Financial Highlights: *Record revenue of $891 million increased 14 percent sequentially, driven primarily by double-digit growth in both TiO2 and zircon volumes and 3 percent higher TiO2 average selling prices *Income from operations of $125 million; Net income of $26 million *GAAP diluted income per share of $0.12; *TiO2 sales volumes increased 15 percent sequentially, at the top end of the guided range, driven by global demand strength led by growth in Europe and Asia Pacific; TiO2 average selling prices increased 3 percent sequentially, with price increases implemented in all regions *Zircon sales volumes increased 30 percent sequentially as a result of stronger than expected market growth, particularly in China, while selling prices remained level *Feedstock and other products sales decreased 29 percent sequentially, primarily due to the conclusion in the fourth quarter of 2020 of the mandated chloride slag sales per the Federal Trade Commission (“FTC”) consent order relating to the Cristal acquisition