Euro-Graph Publishes September 2021 Statistics of the European Graphic Papers Industry

Financial Highlights - 2022 Full Year: *Net income from continuing operations of $336 million ($7.57 per diluted share) *Cash provided by operating activities from continuing operations of $418 million *Board of directors initiated a quarterly dividend of $0.1125 per share, paid for in the third and fourth quarters for a total of $10 million *Repurchased 1,556,835 shares of our common stock for approximately $80 million in the fourth quarter, resulting in 42.6 million shares outstanding as of Dec. 31

On behalf of the workers in our sector, Forest Products Association of Canada is disappointed in this outcome and strongly believes that these duties are completely unjustified and represent a costly and losing proposition for workers and paper customers on both sides of the border. FPAC applauds the swift response issued last night from Foreign Affairs Minister Chrystia Freeland and Natural Resources Minister Jim Carr – they unequivocally defended Canada’s interests. In addition to strongly defending Canadian workers and businesses against these unfounded duties imposed by our U.S. neighbours, FPAC is calling on the Trudeau government to do the following: •Continue efforts to support industry’s efforts to aggressively diversify export markets. •Partner with FPAC and Canada’s forest products sector and our workers to further enable the transformation of our sector into new and innovative product areas. •Activate employment support programs for any Canadian workers who might be impacted in the event of reduced shifts or job losses. Click Read More below for additional information.

Sappi Limited wishes to congratulate Mr Valli Moosa for his appointment by President Cyril Ramaphosa as deputy-chair and member of the inaugural Presidential Climate Change Coordinating Commission for South Africa. The Commission is chaired by the President. The mandate of the commission is to advise on and facilitate a common understanding of a just transition towards a low-carbon, inclusive, climate change resilient economy and society, including matters of adaptation, mitigation as well as means of implementation. The commission comprises representatives from government departments and state entities, business organisations, labour, academia, civil society, research institutions and traditional leadership. Mr Moosa is the lead independent director of the Sappi Limited Board and serves as chair of the Social, Ethics, Transformation and Sustainability Committee of the Board.