Conciliator submits settlement proposal for UPM Biofuels

Mativ Fourth Quarter 2023 Highlights (Continuing Operations) *Sales were $452.3 million down 13.7% year over year, reflecting lower volume *GAAP loss was $13.6 million, GAAP EPS was $(0.25), and GAAP Operating Loss was $2.2 million. Results included $10.6 million ($0.19 per share) related to asset write-downs due to footprint rationalization, integration costs from the Merger, and divestiture costs from the EP Divestiture. Mativ Full Year 2023 Highlights (Continuing Operations) *Sales increased 24% to $2,026.0 million, reflecting the full benefit of the Merger; Sales decreased 9% on a comparable basis, reflecting lower volume partly offset by higher selling prices and favorable currency translation *GAAP Loss was $507.7 million, GAAP EPS was $(9.33), and GAAP Operating Loss was $413.9 million, which all included significant expenses related to goodwill impairment, integration, and restructuring

Heinzel Holding GmbH and Paracel S.A. jointly announce that Heinzel has entered into an investment agreement to become the strategic equity investor in Paracel, an afforestation and pulp mill project in Paraguay, South America. Paracel has now received equity commitments from a group of Paraguayan and European business families, with Heinzel's investment completing the needed strategic equity for the project. Heinzel will hold 25% of Paracel's shares at project completion. Paracel is planning to produce 1.8 million metric tons of eucalyptus pulp per year in Concepción in northern Paraguay, with forestry assets of more than 180,000 hectares of land owned by the company. Since the start of the project in late 2018, the pioneering project has passed important milestones: Paracel has already planted more than16,000 hectares of forestry, completed the design of the pulp mill, received the construction permit and completed the required environmental and social impact assessments. It has started significant groundworks on the mill site and kicked off social programs and conservation projects for native forests. As one of the world's major afforestation projects it has also completed documentation for the carbon sequestration effect of planting more than one hundred million trees.

We’re proud to be a part of the communities where our employees live and work, including Plymouth, North Carolina. Our Plymouth Mill has played an important role in this historic mill town, driving the economy as the area’s largest employer and changing with the times. It also offered an area first in leadership diversity. The Plymouth Mill was originally known as the North Carolina Pulp Co. It was built in 1937 by brothers John W. and Herbert Kieckhefer of the Delair, New Jersey-based Kieckhefer Container Co. The mill and the mill town grew throughout the 1940s as Keickhefer Container Co. expanded across the United States to keep up with increasing demand. In 1957, the company merged with Weyerhaeuser, and by the 1970s, the Plymouth Mill had grown into one of Weyerhauser’s largest east coast operations — a fully integrated five-machine facility manufacturing a wide range of products, including fine paper, fluff pulp and corrugated medium.