<B>Glatfelter Reports Quarterly Figures</B>

Net sales for the quarter were $170.5 million, slightly higher than the net sales for the third quarter of 1999.

Net income and earnings per share for the first nine months of 2000 were $31.9 million and $.75, respectively, as compared to $27.1 million and $.64, respectively, for the first nine months of 1999. Results for the nine months ended September 30, 2000 reflect the impact of an after-tax unusual charge of $2.1 million, or $.05 per share, recorded during the first quarter of 2000.

``Our third quarter financial results are always negatively affected by the impact of scheduled annual maintenance shutdowns at our U.S. facilities,'' said George Glatfelter II, Chairman, CEO and president. ``This quarter's results were also hurt by the transitional costs of downsizing our Pisgah Forest mill. This transition is nearing completion, and more recent results for the mill are close to our initial projections. Although we are not satisfied with the third quarter financial results, we are pleased with the current strength of our markets, the operating performance of all of our mills and the outlook for the fourth quarter.