Effective with shipments on or after June 1, 2018, Midwest Paper Group will be increasing prices on Ethos Offset, Ethos Offset 30% PCRF and Ethos Offset 100% PCRF. The increase applies to all basis weights, finishes and private label grades.

First Quarter of 2022 Highlights: First quarter 2022 (“Q1 2022”) net earnings were $34.0 million, or $0.18 per share (diluted), compared to $8.0 million, or $ 0.04 per share, in the fourth quarter of 2021 (“Q4 2021”), which was the Company’s first full quarter operating its acquired forest-products assets *Lumber pricing improved significantly in Q1 2022 and outlook continues to be strong for the remainder of the second quarter of 2022 and beyond, with continued volatility but above-historical levels expected *Asset-backed revolving loan facility of $65.0 million was undrawn at quarter end and has remained undrawn at May 11, 2022. Seasonal log inventory build up continued to be funded from strong operating cash flow *The Company plans to conclude its Transition Services Agreement with Rayonier Advanced Materials by end of May 2022

Water is one of the world’s most precious resources, and is inextricably linked to combating climate change. According to the UN, 2.2 billion people worldwide lack safe drinking water and the responsible use of water will help reduce floods, droughts, scarcity and pollution. As a leading manufacturer of packaging and paper, water is vital to our global operations and responsible water stewardship is central to how we do business. Since 2014 we have promoted a landscape approach to water stewardship, working together with farmers, local government, and industries, who all share a common interest in maintaining freshwater ecosystems and services.