AbitibiBowater Inc., doing business as Resolute Forest Products, today announced that it has taken up and accepted for payment 2,664,351 additional shares of Fibrek Inc. deposited to its offer as of the close of business today.  Together with the shares the Company acquired on April 11, Resolute holds approximately 48.8% of the currently outstanding Fibrek shares.  As aggregate consideration for the shares taken up today, Resolute will distribute approximately 76,000 newly-issued shares of its common stock and CAD$1.5 million in cash through RFP Acquisition Inc., a wholly-owned subsidiary.
 
The Company also announced that it has extended to 5:00 p.m. on May 4 the expiry time for its offer.  As further described in the offer circular and other ancillary documentation related to the offer (as amended), Resolute intends to carry out a second step transaction to acquire the Fibrek shares not deposited in the offer.