NORPAC Announces Price Increase on Newsprint Products for US

• Pulp sales of 2,486 thousand tons (-11% vs. 3Q22). • Paper sales1 of 331 thousand tons (stable vs. 3Q22). • Average net pulp price in export market: US$547/ton (-33% vs. 3Q22). • Average net paper price1 of R$7,085/ton (+3% vs. 3Q22). • Pulp cash cost ex-downtime of R$861/ton (-2% vs. 3Q22). • Leverage of 2.7 times in USD and 2.6 times in BRL. • Cerrado Project completes 78% of physical progress and 68% of financial progress.

The self-assessment results, have exceeded internal expectations and positions the operation as a leader in sustainable practices, evidenced by a low environmental footprint. Unfortunately, current Covid-19 restrictions have prevented an on-site verification process from taking place, however members of the SAC are invited to connect via the Higg portal to view the results and engage with us further in this regard. The Higg FEM is part of the Higg Index suite of tools that was developed by the SAC to allow the apparel industry to measure their sustainability performance. Sappi joined the SAC in February 2019 and remains a committed member of the organisation, being a participant in many of the SAC events and engaging in ongoing discussions on how to enhance the tools on offer.

Bankruptcy has been opened in Norske Skogindustrier ASA. Pursuant to Continuing Obligations section 15.1 (1) cf. Stock Exchange Act section 25 (1), Oslo Børs has today passed the following resolution:…