It is with great appreciation to their dedicated and committed volunteers that the Howe Sound Pulp & Paper Mill recently presented a $1,500 donation to the Sunshine Coast Search and Rescue (SCSAR) – a fantastic non-profit organization. The SCSAR relies on donations to maintain a state of readiness and help conduct life-saving operations within our community. Thank you for the work you do!

Financial Highlights - First Quarter vs. Fourth Quarter *Net income of $43 million ($1.02 per diluted share) vs. $49 million ($1.16 per diluted share) *Adjusted operating earnings1 of $45 million ($1.07 per diluted share) vs. $49 million ($1.16 per diluted share) *Adjusted EBITDA2 of $118 million (13% margin) vs. $117 million (12% margin) *Cash provided by operating activities of $27 million vs. $167 million

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.