Catalyst Announces SC Price Increase

Full-year and fourth quarter highlights: •Full-year and fourth quarter net earnings (loss) attributable to International Paper of $482 million and $153 million, respectively, compared with $1.2 billion for full-year 2019, $204 million in the third quarter of 2020 and $165 million in the fourth quarter of 2019 •Fourth quarter cash provided by operations of $789 million, bringing full-year 2020 to $3.1 billion compared with $3.6 billion for full-year 2019. Full-year 2020 free cash flow (non-GAAP) of $2.3 billion, compared with $2.3 billion for the full-year 2019 •Fourth quarter debt reduction of $611 million, bringing full-year 2020 to $1.7 billion

JANUARY–MARCH 2022 (1–3/2021) *Sales were EUR 1,594 million (1,400). *Operating result was EUR 341 million (136). Comparable operating result was EUR 244 million (174). *Result before taxes was EUR 330 million (121). Comparable result before taxes was EUR 232 million (160). *Comparable return on capital employed was 15.8% (12.6). *Net cash flow from operations was EUR 135 million (95).

Please be advised that, effective with shipments on or after June 1, 2018, Resolute Forest Products will raise its SC paper prices. The products impacted by the price increase include, but are not limited to, the following: ResoluteSCA+; ResoluteSCA; ResoluteSCB; ResoluteSNC. The increases will be applicable to all basis weights and finishes, and all up charges apply.