KPLP Q3 2022 Business and Financial Highlights • Revenue was $427.0 million in Q3 2022 compared to $391.4 million in Q3 2021, an increase of $35.6 million or 9.1%. • Net loss was $38.8 million in Q3 2022 compared to $9.3 million in Q3 2021, a decrease of $29.5 million. • Declared a quarterly dividend of $0.18 per share to be paid on January 16, 2023.

UPM Raflatac announces Soprema as its main partner in label waste recycling in the EMEIA region. Soprema, one of the world's leading companies in waterproofing and a specialist in roofing and insulation, will transform the label waste collected through RafCycle™ by UPM Raflatac recycling service into new construction and insulation materials. Soprema is a key player in the construction sector. With a presence of 123 manufacturing sites and over 120 subsidiaries worldwide, Soprema is known for its commitment to sustainable construction solutions and investment in innovation. The collaboration with UPM Raflatac further underlines Soprema's dedication to sustainability. UPM Raflatac’s RafCycle service is committed to liner waste recycling. With this innovative partnership, label waste is converted into insulation solutions, supporting the use of renewable sources in the construction industry at Soprema’s site in France.

Billerud announces that Kevin Kuznicki, President, Billerud North America and member of the Group Management Team, is leaving the company to pursue other ventures, effective 14 June 2024. The recruitment process for the successor to the position will start immediately. “I would like to express a big thank you to Kevin Kuznicki for his contributions since taking over the role in March 2023. He has been a key person in guiding the North America operations during a challenging year for the company and we wish him all the best for the future,” says Ivar Vatne, President and CEO of Billerud. Tor Lundqvist, Deputy President and Senior Vice President of Operations for North America will assume the role of Acting President, Billerud North America until a successor is appointed.