Resolute Forest products Announces Price Increase on UFR Products

UPM has high aspirations in responding to the global climate challenge. Sustainably produced pulp is one of the answers when aiming for a future beyond fossils. Here are some key facts on our sustainability efforts. 1. Zero tolerance for deforestation - UPM’s business is based on forests. This is a strong reason to ensure that the forests always grow more than they are used. 2. Improving biodiversity in our own forests - As a leader in the industry, UPM was the first forest company in the world to make a commitment to increasing the biodiversity of its own forests. 3. Ultimate goal of climate positive portfolio - The majority of airborne emissions that UPM mills produce are biomass-based from renewable sources. 4. Zero Solid Waste to landfill globally by 2030 - Most of UPM’s waste is reused in other processes such as energy generation.

The new disc filter is perfectly suited to all system applications for many different pulp types and leads the way for upgraded performance and reliability in fiber processing. The PrimeFilter D builds on ANDRITZ disc filter technology, which has been well proven over decades, and brings together several key technological innovations in one unit to improve throughput and reduce both investment and operating costs: *HHw technology for advanced feeding and optimum flow conditions within the filter. Thus, the PrimeFilter D can handle higher feed consistencies and higher-freeness pulp, even in the most demanding applications. *CC bagless sectors, offering significant improvements in terms of operation thanks to very homogeneous fiber mat build-up as well as fast mat knock-off. The special design of the sectors eliminates the need for a filter bag and reduces maintenance to almost zero. *Two-level shaft sealing: The innovative, double sealing arrangement is easily accessible and ensures greater reliability and superior filtrate quality.

• 2023 operating loss of $532 million; shareholder net loss of $326 million • Q4 2023 operating loss of $191 million; shareholder net loss of $117 million • Solid earnings for the Company’s European and US South operations in 2023, with persistent challenges in British Columbia • Successful execution of significant capital growth program in the US South throughout 2023 • Sustained pressure on global lumber market conditions and pricing through most of the fourth quarter, drove quarter-over-quarter decline in results in all lumber operating regions, most notably in Western Canada • Moderate uplift in global pulp market fundamentals through the fourth quarter driven by a slight increase in demand and purchasing activity in most major regions; 20% improvement in pulp production quarter-overquarter