Verso Announces Coated Paper Price Increase for July 2018

Financial summary for the quarter: • EBITDA excluding special items US$337 million (Q2 FY21 US$112 million) • Net debt of US$1,793 million (Q2 FY21 US$2,070 million) • Profit for the period US$188 million (Q2 FY21 loss of US$23 million) • EPS excluding special items 35 US cents (Q2 FY21 loss of 1 US cents)

Verso Corporation today announced the launch of its redesigned website, featuring all-new content that covers numerous topics and areas of interest, from its library of paper promotions to sustainability information and much more. "At Verso, we saw an opportunity to create a more impactful online presence that's better aligned with our industry leadership and innovative, resilient spirit," said Verso Director of Communications Shawn Hall. "New technology enabled us to build a much more dynamic, user-friendly site for an experience that both informs and inspires." The new website takes the user through sections for products, careers, sustainability and education—featuring Verso's highly popular Ed® series—as well as investor and customer resources. The showstopper: the product promotion section, which shows visually stunning photo layouts of printed Verso product promotions, many providing the opportunity to order the actual printed piece. "It's just beautiful," said Hall. "A perfect expression of the vibrant future we see for our company."

According to Forbes magazine, each year 4 million baby boomers, the generation born between 1946 and 1964, leave the workforce, taking with them valuable institutional knowledge that future generations might miss out on. At Domtar, we’re working to capture and transfer that institutional knowledge before it’s gone. Since April, Manufacturing Knowledge Development Senior Director Larry Warren has worked with a steering team of operational leaders, both at corporate offices and manufacturing sites, to create an intentional operations training structure. The aim is to ensure consistent operator training, development and institutional knowledge transfer across our manufacturing network as older employees retire and new ones take their place.