Irving Paper Price Increase Announcement

Total European shipments of graphic papers were down 35.8% in May 2020 vs. May 2019 and were down 17.4% year-to-date. Total European shipments of newsprint were down 27.6% in May 2020 vs. May 2019 and were down 14.5% year-to-date. otal European shipments of sc-magazine were down 31.3% in May 2020 vs. May 2019 and were down 19.0% year-to-date. Total European shipments of coated mechanical reels were down 41.4% in May 2020 vs. May 2019 and were down 23.3% year-to-date. Total European shipments of uncoated mechanical (improved & others) were down 20.8% in May 2020 vs. May 2019 and were down 7.6% year-to-date. Total European shipments of coated woodfree were down 49.3% in May 2020 vs. May 2019 and were down 22.5% year-to-date. Total European shipments of uncoated woodfree were down 35.8% in May 2020 vs. May 2019 and were down 13.6% year-to-date.

With Mark Petersen’s retirement May 21, 2021 as Sr Vice President, Sales & Marketing, Catalyst Paper is pleased to announce the following changes within the Sales & Marketing Organization. Christophe Kusel, Director of International Sales, will take on the role and responsibilities in a promotion to Vice President, Paper Sales & Marketing reporting to Patrick Corriveau, Vice President, Catalyst Paper and Packaging. The US sales organization, Catalyst Paper (USA) Inc, as well as Richmond BC based Business Operations and Customer Service will report through to Christophe. Jean Buckwalter has been promoted to Vice President Specialty Sales, reporting to Christophe. Jean will continue to see to the nurturing and sales of our ongoing focus in the Food and Specialties arena. Sarah Walters, VP Paper & Packaging Sales will report to Christophe and see to the continued success of our printing & writing Coated sales strategy, as well as taking on a leadership role for the Catalyst packaging initiatives.

Effective with all new and existing orders with confirmed delivery dates of January 15, 2018 or later, Verso Corporation is increasing the transaction price of all Coated Economy Freesheet Sheets and Sheeter Roll grades by 4% to 6%. This includes, but is not limited to: Anthem Plus® sheets/sheeter rolls, Blazer Digital® sheets/sheeter rolls. The increase applies to all basis weights, bulks, finishes and related private label grades.