Matti Koski has been appointed Kotkamills Oy’s Vice President, North America

KPLP Q2 2020 Business and Financial Highlights • Revenue increased by $21.1 million or 5.8% to $386.8 million in Q2 2020 compared to $365.7 million in Q2 2019. Excluding the divested Mexico business, Q2 2020 revenue increased by $46.5 million or 13.7%. • Adjusted EBITDA was $64.4 million in Q2 2020 compared to $31.5 million in Q2 2019, an increase of 104.6%. • TAD Sherbrooke site progressing on time and on budget despite the temporary shutdown in Q1 2020 due to the implementation of strict COVID-19 protocols. • Declared a quarterly dividend of $0.18 per share to be paid on October 15, 2020.

ND Paper is implementing a series of transformations at its Rumford Division to further expand into packaging grades. In its current configuration, the fully integrated Rumford Division operates three paper production lines, kraft and mechanical pulping assets, and a pulp dryer; its product mix is heavily weighted toward bleached grades serving printing and writing (P&W) markets. With the COVID-19 pandemic battering economic activity across the world, demand for P&W papers has plummeted; coated woodfree and coated mechanical papers – primary Rumford grades – are expected to decline 23.5% and 30.3% year-over-year, respectively, equivalent to over 1.4 million tons of output. To ensure a viable, profitable future for the Rumford Division, ND Paper will be transforming the mill to increase its product flexibility and shift further into packaging grades. Notable changes include: *Commissioning of an unbleached recycled pulp line to provide fiber flexibility to the R12 and R15 paper machines *Conversion of its R15 paper machine from P&W papers into lightweight, high strength kraft linerboard products *Expansion of R12 paper machine capability to include unbleached recycled bag and converting papers, in addition to its current offering of bleached and unbleached papers *Continued operation of the R9 pulp dryer, including expansion into unbleached softwood kraft market pulp *Permanent curtailment of mechanical pulping operations and R15 coating and supercalender assets

Sappi North America, Inc., a leading producer and supplier of diversified paper, packaging products and pulp, today released its 2022 Sustainability Report, highlighting its commitment to science-based targets in creating sustainable products and business practices. The company also secured the EcoVadis Platinum sustainability rating for the third year in a row, keeping Sappi at the top 1% of companies rated for sustainability. In 2022, the United Nation’s Sustainable Development Goals (UNSDG) continued to play an integral role in shaping Sappi’s business practices. The UNSDGs not only provide a global benchmark for sustainability, but also help guide Sappi’s approach to new sustainable product development; achieve record-breaking employee safety; elevate diversity in senior management; collaborate with partners on forward-trending projects; and more.