announced today that the specialty papers business, to emerge from creditor protection under the

Company’s restructuring proposal, will be named “Twin Rivers Paper Company”.

The new specialty papers business will consist of the integrated pulp, energy and paper operations

in Edmundston, New Brunswick and Madawaska, Maine, as well as two lumber mills located in

Plaster Rock and Juniper, New Brunswick. The new company name is reflective of the location

of the pulp and paper operations at the confluence of the Madawaska and Saint John Rivers.

“The new name was generated from an employee suggestion process and reflects a number of key

characteristics we think are appropriate for the company. These include pride in our northern

location and community, combined with the natural attributes of sustainability and strength that

we associate with these two rivers,” said Jeff Dutton, President and COO of Fraser Papers.

The new name, Twin Rivers Paper Company, is being introduced to employees and customers but

will not be used officially until the sale of the specialty papers business is completed, expected in

early April, following final court approvals in both Canada and the United States.