Resignation of Michael Korenberg

365 days of operation and a trajectory that stands out for its excellent performance. One year after the start of activities for the first paper machine (PM) of the Puma II Project - the biggest investment in Klabin's history, which includes the construction of two paper machines with integrated pulp production -, the MP27 surpassed the mark of 330 thousand tons of Eukaliner® and Eukaliner White® produced and sold to the domestic and foreign markets, reinforcing the Company's vocation for the development of sustainable and innovative solutions in paper and paper packaging in Brazil. The machine, which has the capacity to produce 450,000 tons per year, surpassed the learning curve expected for the period. Developed and patented by Klabin, the Eukaliner® product range, produced at MP27, is the first in the world with kraftliner paper made 100% from eucalyptus fiber, which guarantees advantages such as the optimization of the forest area necessary for its production. (less resource for manufacturing the same volume of paper), in addition to properties such as a more robust structure, which allows for a reduction in the weight of corrugated cardboard packaging with increased resistance and better printing quality.

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am very pleased with an excellent performance from the group. We outperformed the guidance provided at the end of the last quarter with EBITDA at US$240 million, a 36% increase over the prior quarter (US$177 million) and more than double the equivalent quarter last year (US$98 million). Robust market demand in all product segments combined with the implementation of higher sales prices facilitated the growth and offset rising costs. This achievement was despite logistics and transport bottlenecks, as well as significant increases in energy, pulp and other raw materials.” Financial summary for the quarter: • EBITDA excluding special items US$240 million (Q1 FY21 US$98 million) • Net debt US$1,917 million (Q1 FY21 US$2,056 million) • Profit for the period US$123 million (Q1 FY21 loss of US$17 million)

Ahlstrom-Munksjö’s Cristal™ transparent packaging papers have recently achieved BPI® compostability certification and Cristal™ heat sealable papers have additionally received a How2Recycle® label. How2Recycle® communicates the recyclability of a package – a standardized program built to comply with legal guidance, such as the US Federal Trade Commission’s Green Guides – and reduces confusion by creating a clear, straightforward label that enables brands to convey to consumers how to dispose of a package. The system provides reliability, completeness, and transparency for recyclability claims. “We are proud that our Cristal™ products, both transparent papers and transparent heat seal packaging products, recently passed Western Michigan University’s testing protocol for recyclability,” said Zack Leimkuehler, Vice President of Ahlstrom-Munksjö’s Technical Solutions business. “Achieving BPI® compostability certification, in addition to adding the How2Recycle® label, offers our customers and the marketplace yet another fiber-based solution to reduce traditional non-renewable substrates in packaging engineering.”