Our goal is for you to recognize Verso as a customer-centric organization that delivers best-in-class paper and pulp products with the highest level of service. We know that we have opportunities to improve in this area, and are working diligently to develop new initiatives to do just that. One way we believe we can become more customer-focused is by realigning the current structure and leadership of our Sales, Marketing and Supply Chain organization. We’ve determined that the SVP of Sales, Marketing and Supply Chain role can be more effective with three separate leadership positions. The good news is that you are already familiar with the leaders of these positions as outlined below. Aaron Haas will continue to lead the Marketing, Business Development, Product Development and Customer Technical Service organizations as SVP of Marketing and will continue to report to me. John Schultz will continue to lead the Sales organization as SVP of Sales for all product categories and will now report directly to me. Brian Seitz will continue to serve as Director of Supply Chain, which includes Customer Service, Logistics, and Planning, Scheduling and Delivery, under the leadership of David West.

International technology group ANDRITZ has received an order from SCA (Svenska Cellulosa Aktiebolaget) to rebuild a disc filter at their pulp mill in Ortviken, Sundsvall, Sweden. After the rebuild, the production capacity of the disc filter (originally supplied by ANDRITZ) will be tripled to 900 bdmt/d, and the filtrate flow will be increased to a maximum of 130,000 l/min. The refurbished disc filter will ensure the requested throughput at different beating degree levels, ranging from 300 to 700 CSF, for the production of various high-quality pulp grades. Start-up is scheduled for the fourth quarter 2022. The ANDRITZ scope of supply comprises the main disc filter components, such as: *New hollow shaft with high-volume filtrate channels – the largest-volume filtrate channels ever designed for an ANDRITZ disc filter *396 ANDRITZ SuperFlow sectors for 22 filter discs with customized filter bags *State-of-the art disc guiding system *New filtrate valve with automated adjustment to the different beating degrees *New knock-off and cleaning shower systems *New repulper screw *On-site services for installation and start-up as well as supervision of start-up

First, the Company is ceasing production at its very small facility in Niagara Falls, New York, effective immediately and maintaining the premises as a distribution centre. Additionally, Supremex will close its facility in Concord, Ontario, as its lease expires in February 2025 and will transfer the location’s most efficient production equipment, primarily to its other Greater Toronto area (“GTA”) envelope plants in Mississauga and Etobicoke over the coming months. These measures will not result in significant headcount reduction as the vast majority of employees will be relocated within the Company’s existing operations. Related to these moves, Supremex will record restructuring charges of approximately $2.7 million before taxes for a period extending from the third quarter of 2024 through the first quarter of 2025. “With the rising cost of real estate, consolidating envelope production in the GTA will significantly reduce fixed costs and allow us to optimize capacity utilization throughout our network as we methodically pursue the execution of our North American expansion strategy,” said Stewart Emerson, President and CEO of Supremex. “In addition to optimizing the equipment base in the Toronto region, some redundant equipment will be re-deployed to U.S. facilities, providing customers with superior service and high-quality products at the most affordable cost. Finally, we expect the operating leverage resulting from these initiatives to improve the profitability and cash flow generation of our envelope activities.”