Sustainable Paper and Packaging From Sugar Beets

Overview • Third quarter of 2020 reported operating income of $300 million, adjusted operating income of $347 million • Record-high adjusted lumber earnings of $387 million, driven by unprecedented surge in lumber prices and strong operational performance across all regions despite the impact of the coronavirus pandemic • Total net debt of $526 million at September 30, 2020, improvement of $331 million from prior quarter; available liquidity of $1.1 billion; net debt to capitalization of 18.6% at September 30, 2020 • Vida Group (“Vida”) completed acquisition of Bergs Timber Production AB (“Bergs”) sawmill assets • Cumulative cash deposits of $548 million on countervailing and anti-dumping duties at September 30, 2020

Continuous sharp input cost rises since the beginning of the year, particularly pulp prices, have now increased to a point where Sappi can no longer absorb them . Therefore Sappi Europe today announces price increases for all Packaging and Speciality Papers with effect of January 1st, 2018. The increase will be 7 % for all uncoated grades and 5 % for all coated grades for Flexible Packaging, Label Papers, Containerboard, Silicon Base Papers and Paperboard. The price rise will apply to all European and Overseas markets. The final implementation will be discussed by Sappi’s sales team with their customers over the next weeks. Existing agreements will be certainly respected.

Sappi has again achieved the highest platinum level in EcoVadis’ sustainability rating across all three of its manufacturing regions – Europe, North America, and South Africa. In line with Sappi’s business strategy, the organisation has consistently focused on its priority SDGs and collaborated with all its stakeholders to deliver measurable and tangible progress. Sappi, a leading global provider of everyday materials made from woodfibre-based renewable resources, has again achieved Platinum, the highest rating in EcoVadis’ sustainability assessment across all three of its manufacturing regions – Europe, North America, and South Africa. Sappi continues to be among the top 1% of the companies worldwide rated by EcoVadis in the manufacture of pulp, paper and paperboard category. In 2018-2019, Sappi received EcoVadis gold medal, which was the highest level until the Platinum category was introduced in 2020. Sappi’s global business strategy focuses on growing its business, enhancing trust, and driving collaboration and innovation as a sustainable, diversified global woodfibre group.