KPLP Q2 2022 Business and Financial Highlights • Revenue was $397.5 million in Q2 2022 compared to $339.3 million in Q2 2021, an increase of $58.2 million or 17.1%. • Net loss was $35.5 million in Q2 2022 compared to net income of $2.2 million in Q2 2021, a decrease of $37.7 million. “We delivered another strong quarter of double-digit revenue growth in Q2 2022, but the depth, breadth and speed of inflation severely impacted our operating results and lowered profitability,” stated KP Tissue’s Chief Executive Officer, Dino Bianco. “We expect a partial recovery in the third quarter as successive pricing increases begin catching up with the inflationary curve, productivity gains are felt at our Memphis operations, and extensive cost management initiatives take effect. By the end of the fourth quarter, we anticipate a full recovery based on peaked pulp prices and reduced freight rates along with additional pricing adjustments. Consequently, we are highly confident about returning to a normalized margin in the near term.”

Wednesday January 20, 2021, the last roll of paper was produced on SCA’s paper machine 5 at Ortviken paper mill in Sundsvall. PM5 produced uncoated publication paper for newpapers, magazines and commercial print and had a capacity of 255,000 tonnes per annum. The paper machine started production in the year 1985. PM5 will now be dismantled in order to make room for the company Renewcell and its recycling of textile fibre, which is expected to come on stream on the Ortviken site in 2022. As previously announced, the remaining two paper machines at the Ortviken paper mill will stop production during the first quarter of 2021, as SCA ceases to produce publication paper.

Consistent with our June 1, 2017 letter, prices for Supercalendered Web grades listed in that letter are increasing by $2.00/cwt USD/$2.70/cwt CAD. To the extent not already implemented, the pricing will apply to all new and existing orders with confirmed delivery dates of October 1, 2017 or later. Additionally, in reference to our July 27, 2017 letter for #4 Web grades, we are changing the implementation dates and amount of increase to read as follows: Effective with all new and existing orders with confirmed delivery dates of October 1, 2017 or later, Verso Corporation is increasing the transaction price of all #4 Web Grades by $1.00/cwt USD/$1.26/cwt CAD, including but not limited to: Liberty® web; Balance® web; New Era® Matte; New Era® ThinBulk. The increase applies to all basis weights, bulks, finishes and related private label grades.