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Management Side
Technical Side
Cascades to Bid on Common Shares
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Kingsey Falls, Quebec, Canada, 11 March 2008 -- /PRNewswire/ -- Cascades Inc. announces that the Toronto Stock Exchange accepted its notice of intention to begin a normal course issuer bid in respect of its Common Shares. Purchases pursuant to the normal course issuer bid will commence on 13 March 2008, and will not continue beyond 12 March 2009. The Common Shares purchased shall be cancelled.

The notice will enable Cascades to acquire up to 4,946,517 Common Shares, which represents approximately 5% of the 98,930,351 issued, and outstanding Common Shares as of 07 March 2008. During the last 12 months, Cascades purchased 502,200 Common Shares at an average cost of CAD 9.01.

The average daily trading volume of Cascades' Common Shares was 147,306 on the Toronto Stock Exchange over the last six completed calendar months (the ADTV). Accordingly, Cascades is entitled to purchase up to 25% of the ADTV on any trading day, being 36,826 Common Shares.

All purchases will be made through the facilities of the Toronto Stock Exchange in accordance with its requirements.

Cascades considers that the shares to be acquired may, from time to time, be undervalued in the market and represent an excellent opportunity to enhance shareholder value.

Source: Cascades Inc.


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