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Buckeye Announces USD 5 Million Redemption of Notes
Memphis, Tennessee, USA, 28 February 2007 -- Buckeye Technologies Inc. (NYSE:BKI) today announced that it intends to call for redemption USD 5 million in aggregate principal amount of its outstanding 9 1/4% Senior Subordinated Notes due 2008, or about 8% of the outstanding 2008 Notes, on or about 30 March 2007, in accordance with their terms. A formal notice of redemption will be sent separately to the affected holders of the 2008 Notes, in accordance with the terms of the indenture for the 2008 Notes.

Buckeye, a leading manufacturer and marketer of specialty fibers and nonwoven materials, is headquartered in Memphis, Tennessee, USA. The company currently operates facilities in the United States, Germany, Canada, and Brazil. Its products are sold worldwide to makers of consumer and industrial goods.


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