Sappi Europe announces price rise for all Coated & Uncoated paper grades in Europe by 7-10%

Key highlights Q3 • Higher sales volumes in both regions compared to last quarter, offset by price and mix deterioration • Sequentially lower input costs and lower fixed cost than normalized level • Efficiency enhancement program on track – delivered SEK 175 million in the quarter • Earnings per share positively impacted by recognition of tax credits in the US • Strong operating cash flow with tight control on working capital • Frövi recovery boiler project completed on time, spec and budget. Quarterly data Q3 • Net sales decreased by 14% to SEK 10,210 million (11,814) • Operating profit SEK 415 million (1,536) • Net profit SEK 656 million (1,347)

Water is one of the world’s most precious resources, and is inextricably linked to combating climate change. According to the UN, 2.2 billion people worldwide lack safe drinking water and the responsible use of water will help reduce floods, droughts, scarcity and pollution. As a leading manufacturer of packaging and paper, water is vital to our global operations and responsible water stewardship is central to how we do business. Since 2014 we have promoted a landscape approach to water stewardship, working together with farmers, local government, and industries, who all share a common interest in maintaining freshwater ecosystems and services.

Please be advised that, effective with shipments on or after June 1, 2018, Resolute Forest Products will raise its SC paper prices. The products impacted by the price increase include, but are not limited to, the following: ResoluteSCA+; ResoluteSCA; ResoluteSCB; ResoluteSNC. The increases will be applicable to all basis weights and finishes, and all up charges apply.