Suzano Pulp and Paper Announces Price Increase on UFR Grades

Kruger is pleased to announce that its affiliate Kruger Specialty Papers Holding L.P. today completed the acquisition of Domtar’s pulp mill in Kamloops, British Columbia. The Kamloops facility, which manufactures northern bleached softwood kraft pulp (NBSK) and unbleached softwood kraft pulp, will continue to operate as usual, honouring all existing volume commitments and agreements with customers and suppliers. The Mill’s 320 jobs will be maintained. In addition, Kruger intends to maintain ongoing initiatives to continue modernizing the Mill. This acquisition will also enable Kruger to secure the supply of high-quality pulp for some of its paper mills, including those in Quebec, where the Company is investing about $1 billion for the construction of two state-of-the-art tissue plants.

The Koehler Paper Group has joined the 4evergreen alliance, thereby underlining its efforts to ensure sustainability and protect the environment. This forum was created by the Confederation of European Paper Industries (Cepi) with the aim of increasing the role played by fiber-based packaging in achieving a sustainable circular economy, while at the same time also minimizing the impact of packaging on our climate and environment. 4evergreen brings together the entire value chain and unites it behind a common goal: To increase the role of the bio-based economy within the packaging industry. The alliance is made up of paper manufacturers, food and drink brands like Nestlé and Danone, and companies within the packaging industry (including market leaders Tetra Pak and AR Packaging), but it also includes brands, retailers, and suppliers within the technological and material sectors, right up to those working in sorting and recycling.

Summary: *Revenue expected to be $783 million(1) *Adjusted EBITDA expected to be $200 to $204 million(1)(2) *Termination of the TTI transaction agreement following rejection by the U.K. Competition and Markets Authority (“CMA”) of a remedy proposal and opening of a Phase 2 investigation *$300 million discretionary debt repayment to be made by the end of the quarter from cash on the balance sheet originally intended for the TTI acquisition *Increasing annualized dividend to $0.32 per share from $0.28 per share, equivalent to a 14 percent increase, effective when the normal first quarter 2021 dividend is declared *Well-positioned to continue participation in the recovery and demonstrate the full capabilities of Tronox’s vertically integrated portfolio