Catalyst Paper Price Announcement – Electrabrite/Electrastar – USA – February 1, 2018

HIGHLIGHTS • Pulp sales of 2,778 thousand tons (+25% vs. 2Q19). • Pulp inventory reduction of approximately 220 thousand tons. • Paper sales of 235 thousand tons (-22% vs. 2Q19). • Average net pulp price - Export Market: US$470/t (-25% vs. 2Q19). • Average net paper price5 of R$4,330/ton (+7% vs. 2Q19). • Pulp cash cost ex-downtime of R$599/ton (-14% vs. 2Q19). • Capture of operating synergies in line with planning.

UPM Raflatac, a global supplier of innovative and sustainable self-adhesive paper and film products, announces a new line of Graphics Solutions, now available in North and South America. UPM Raflatac acquired AMC AG in Germany last year, which included this line of high-quality self-adhesive films and laminates, large format versatile printing and sign films. “Following a successful portfolio of these Graphics Solutions in Europe, we are excited for the opportunity to partner with distributors and provide quality, cost effective materials here in the Western Hemisphere,” stated Gabrielle Whittaker, Director, Films & Specials, UPM Raflatac Americas.

Stora Enso has appointed Tobias Bäärnman, Chief Strategy and Innovation Officer, as a member of the Group Leadership Team. He joined Stora Enso in 2017, first as SVP Controlling, Strategy and IT for Consumer Board division. Since December 2019, he has worked as Chief Strategy and Innovation Officer. Before joining Stora Enso, he worked as Finance Director at Iggesund Paperboard and has earlier held various positions at Statoil and Procter and Gamble. He has a master’s degree in finance. Stora Enso has also appointed Teemu Salmi, CIO and Head of IT & Digitalisation, as a member of the Group Leadership Team. He joined Stora Enso in 2017. Previously, he worked at Ericsson in various executive positions, most recently as SVP and Head of business unit IT & Cloud in Middle East & Africa. He has a bachelor’s degree in computer science.