Verso Announces Pulp Price Increase

Mondi plc announces that it has entered into an agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Sezar Invest LLC for a total cash consideration of RUB 80 billion to be paid in a series of instalments as set out below. The Business employs approximately 4,500 people and is a leading provider of uncoated fine paper and containerboard to the domestic Russian market.

Effective with shipments on or after May 15, 2018 Finch Paper will be increasing prices on commercial printing and converting grades in all pack types by 5% to 7% on the following grades: Finch Fine; Finch Fine ID; Finch Fine Color Copy; Finch Opaque and Finch Opaque Digital; Finch Casa Opaque; Finch 94 & Finch 94 Digital; New Leaf Ingenuity and Harmony; Finch Offset, Finch Index and Tag; Finch Reply Postcard 7 pt. and 9 pt.; Finch ThruPut Wove and Finch ThruPut Advantage; Finch Image DME and Finch Deluxe DME; Finch Forms Bond; Finch MOCR Laser; Finch Engineering Bond and CAD Inkjet Bond; Finch Inkjet Products including Digital Web XP, Mailstream, Smartbook Jet, Opaque Jet; Finch Pub Book; Finch Office Papers including all Finch mill and private-label brands; Finch Technical Specialty grades including label facestock and other digital grades.

International Paper announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) equity value. The sale is subject to regulatory approvals in Russia. This transaction indicates ~$3.5 billion in total enterprise value (TEV) for Ilim based on a ~3.1X EBITDA multiple on 2022 full-year results*. The Company also received an indication of interest from its JV partners to purchase all of the Company's shares (constituting a 2.39% stake) in JSC Ilim Group for $24MM (USD) on terms and conditions to be agreed. The Company intends to pursue an agreement to sell the JSC Ilim Group shares, and to divest other non-material residual interests associated with Ilim, to its JV partners.