<b>Sappi Finalizes Mill Closing</b>

Sappi Limited has finalized plans to exit the uncoated paper business in the U.S. and close its paper mill in Mobile, Ala., following a final review.

As previously announced, the shutdown of the facility will enable Sappi Fine Paper North America to focus on its core business, coated fine paper.

Sappi will permanently shut the three paper machines at the mill in phases over the next several months and cease all operations at the mill. A specific timetable has not yet been determined. However, the closure will be completed by no later than the end of the year. The company has made no decisions regarding the disposal of the site or the machinery in the mill.

The mill has a capacity of approximately 300,000 tons annually.