Andrew King, Mondi Group Chief Executive Officer, commented: “Mondi demonstrated resilience through the year in the face of ongoing difficult trading conditions, characterised by soft demand and a challenging pricing environment. This resilience highlights the strength of our cost-competitive, strategically located integrated assets and our great people. Furthermore, our ability to adapt with agility and flexibility to market uncertainties, combined with our unwavering focus on product quality, reliability and innovation in offering a diverse portfolio of sustainable packaging and paper solutions, has been central to delivering value to our stakeholders. “In 2024 Mondi successfully started up five major capacity expansion projects on time and within budget building a strong platform for growth. The largest of these, the new paper machine at Štětí (Czech Republic), commenced operations ahead of schedule in December. We are very appreciative of the commitment of our colleagues who have worked tirelessly over the last few years to deliver these projects. Our focus now turns to executing our operational and commercial strategy and leveraging our expanded product offering.

Full-year and fourth quarter highlights: •Full-year and fourth quarter net earnings (loss) attributable to International Paper of $482 million and $153 million, respectively, compared with $1.2 billion for full-year 2019, $204 million in the third quarter of 2020 and $165 million in the fourth quarter of 2019 •Fourth quarter cash provided by operations of $789 million, bringing full-year 2020 to $3.1 billion compared with $3.6 billion for full-year 2019. Full-year 2020 free cash flow (non-GAAP) of $2.3 billion, compared with $2.3 billion for the full-year 2019 •Fourth quarter debt reduction of $611 million, bringing full-year 2020 to $1.7 billion

For 170 years, Domtar has manufactured useful products for thousands of applications. For the past 20 years, pulp and paper have been at the center of our business. Domtar’s Paper division is the largest integrated manufacturer and marketer of uncoated freesheet paper in North America. We are the private brand expert and leading producer of many of the most successful brands of copy paper and we produce and market a number of highly respected, well-known commercial printing, publishing, digital and inkjet paper brands. Our network of mills and converting sites give us 3 million tons of papermaking capacity annually to help us to serve our customers, support our employees and strengthen our communities. That’s how our paper makes life better every day. Domtar is a global manufacturer with a history spanning more than 150 years. Click Read More below for additional information.