Lecta to take temporary downtime at several mills

Overview • Q1 2024 operating loss of $86 million; shareholder net loss of $65 million, or $0.54 per share • Sustained pressure on global lumber markets and pricing, especially for Southern Yellow Pine (“SYP”) • Solid earnings from Europe; US South results directly impacted by weak SYP lumber pricing; Western Canadian results remained challenging despite uplift in Western Spruce/Pine/Fir lumber pricing • Modest uptick in NBSK pulp unit sales realizations, 7% increase in pulp production quarter-over-quarter • Ongoing constraints accessing economically viable fibre in British Columbia impacting lumber and pulp operating rates in the near-term and through the balance of 2024

Georgia‐Pacific announced it will build a new softwood lumber production facility in Warren County, Georgia. Construction of the $135 million, 340,000‐square foot, technologically advanced plant is scheduled to begin in the summer of 2018 with an anticipated startup in spring 2019. Georgia‐Pacific’s existing lumber plant in Warren County will continue full operations until the new facility is completed. After startup of the new plant, Georgia‐Pacific estimates hiring an additional 30 to 40 employees, bringing its workforce in Warren County to approximately 150 people. “We have enough property next to our existing mill in Warren County to build a larger facility equipped with the latest in lumber manufacturing technology,” said Fritz Mason, vice president and general manager, Georgia‐Pacific Lumber. “We have a great team at Warrenton and building a new state‐of‐the‐art facility on this site will make it competitive for years to come. The team has earned it.” The new facility will be capable of over three times the output of the current facility. The existing facility has been operating since the early 1970s and technology in the lumber production business has changed significantly since that time. Click Read More below for additional information.

Total European shipments of graphic papers in July 2017 were up 1.1% vs. July 2016 and are down 0.6% year-to-date. Total European shipments of newsprint in July 2017 were down 3.3% vs. July 2016 and are down 3.9% year-to-date. Total European shipments of sc-magazine papers in July 2017 were up 0.9% vs. July 2016 and are up 2.0% year-to-date. Total European shipments of coated mecanical reels in July 2017 were up 5.0% vs. July 2016 and are down 1.1% year-to-date. Total European shipments of uncoated mecanical (improved & others) in July 2017 were up 5.8% vs. July 2016 and are up 1.9% year-to-date. Total European shipments of coated woodfree in July 2017 were up 1.9% vs. July 2016 and are up 1.5% year-to-date. Total European shipments of uncoated woodfree in July 2017 were up 0.9% vs. July 2016 and are down 0.5% year-to-date. Click Read More below for additional detail.