Sappi Europe to increase prices for Mechanical Coated paper grades by 4% from April 1st 2018

*Sales increased 56.7% to $668.3 million, reflecting the benefit of the merger; 8% organic sales decline with negative volume/mix offsetting price increases *GAAP loss was $4.5 million, GAAP EPS was $(0.08), which all included merger integration and purchase accounting expenses* On August 1, Company announced the proposed sale of Engineered Papers and capital allocation changes *Approximately $575 million of expected net proceeds to be used to reduce net debt by 35%

Kruger Products officially inaugurated its Sherbrooke Tissue Plant, which was commissioned in 2021, and also broke ground at its expansion project where another tissue plant will be built on a site adjacent to the Sherbrooke Plant by 2024. This second project, which represents further investments of $351.5 million, will deliver on the Company’s vision to make Sherbrooke a major premium-quality tissue product manufacturing hub in North America, featuring Canada’s most advanced and best-performing TAD tissue machine. In total, the Company will have invested nearly $1 billion in the Estrie Region since 2018. The Sherbrooke Plant’s inauguration and the ground breaking of the expansion project took place in the presence of Mr. Joseph Kruger II, Chairman of the Board and Chief Executive Officer, Kruger Inc.; François Legault, Premier of Québec; Pierre Fitzgibbon, Québec Minister of Economy and Innovation; Geneviève Hébert, Member for Saint-François and Deputy Government Whip; Évelyne Beaudin, Mayor of Sherbrooke; Dino Bianco, Chief Executive Officer, Kruger Products L.P.; and Patrice Bégin, General Manager, Kruger Products Sherbrooke Plant.

You are probably already aware that environmental stewardship is one of Monadnock Paper Mill’s core beliefs. But we’re also keeping a close eye on the future—that of our organization, our economy, and our planet. That’s why we are long-time partners with the U.S. Environmental Protection Agency’s (EPA) Green Power (2007), SmartWay Transport (2010), and WasteWise Partner (2002) Programs. Through the EPA programs, we’ve committed to: *Using green power as a way to reduce the impacts associated with conventional electricity use. *Moving goods in the cleanest, most efficient way possible in the U.S. and Canada, SmartWay partners protect the environment, enhance North America’s energy security and foster economic vitality. *Promoting the use and reuse of materials more productively over their entire life cycles. One hundred percent of Monadnock’s papers are made with renewable wind-powered electricity that is certified by Green-e® (Third-party Certified Renewable Energy Certificates) and we’ve delivered: *Promoting environmental awareness among our customers, suppliers, converters, employees, and local residents. *Providing environmentally sustainable products and services to our customers. *Maintaining our record of compliance with environmental regulations and standards. *Continuing to invest in research to determine innovative ways to reduce waste and to efficiently use natural resources. *Choosing materials with minimal environmental impacts during the design and development of new products. *Encouraging legislators and state officials to develop sound environmental policies and regulations. *Committing to continual improvement in pollution prevention and in reducing environmental impacts identified in our 14001 Environmental Management System.