Sappi Europe to maintain prices of Woodfree Coated Paper for the remainder of 2023

The owners of a Port Alberni paper mill say a major new investment in the facility reflects confidence in British Columbia’s forestry sector. Paper Excellence says it will spend $13 million to upgrade the mid-Island mill as it prepares to produce food-grade papers used by restaurants and food preparation companies. The company says the investment will remove production bottlenecks and upgrade a pair of paper machines at the facility. "With help from the leadership of B.C.’s government, we are very excited to invest in a winning project like this at Port Alberni," said Patrick Corriveau with Paper Excellence. "With the mill’s best-in-class papermakers and the ability to make even more of these new food grades, we’re confident in the Port Alberni mill’s secure and long-term future."

Fourth Quarter of 2021 Highlights *The fourth quarter of 2021 (“Q4 2021”) was the Company’s first full quarter operating its newly acquired forest products business **Q4 2021 net earnings of $8.0 million or $0.04 earning per share *Lumber pricing improved in Q4 2021 and into 2022 with continued volatility expected *Made significant strides in reducing reliance on transitional services arrangement with key hires in human resources, IT and accounting *Asset backed revolving loan facility of $65.0 million was undrawn at December 31, 2021 and has remained undrawn at March 23, 2022. Cash from operations has funded the seasonal log inventory build-up *Invested in Boreal Carbon Corporation, an entity focused on acquiring and managing forestry projects in North America to generate carbon credits

Suzano S.A. informs its shareholders and the public that, regarding the project “Partial retrofit of the pulp production plant located in Aracruz involving the replacement of parts in the recovery boiler and installation of a crystallization system”, as disclosed in the Material Fact notice dated December 19, 2019, the following is planned during its implementation phase in the fourth quarter of 2022: • Temporary downtime of the A line production for around 45 days due to interventions in the recovery boiler; • No adjustments to the Company’s original operating plan for 2022, which will ensure that clients’ needs are fully met without any changes to the commercial strategy. The project’s capital investments amount to R$298 million, of which R$188 million was already invested by July 2022, with the remaining amount considered in the capex estimate for the year disclosed by the Company on July 27, 2022.