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Fraser Papers Inc.

Toronto, Ontario, Canada, 08 March 2010 – Fraser Papers Inc. announced today that the specialty papers business to emerge from creditor protection under the company’s restructuring proposal will be named “Twin Rivers Paper Company.”

The new specialty papers business will consist of the integrated pulp, energy, and paper operations in Edmundston, New Brunswick, Canada, and Madawaska, Maine, USA, and two lumber mills located in Plaster Rock and Juniper, New Brunswick. The new company name is reflective of the location of the pulp and paper operations at the confluence of the Madawaska and Saint John rivers.

“The new name was generated from an employee suggestion process and reflects a number of key characteristics we think are appropriate for the company. These include pride in our northern location and community, combined with the natural attributes of sustainability and strength that we associate with these two rivers,” said Jeff Dutton, president and COO of Fraser Papers.

The new name, Twin Rivers Paper Company, is being introduced to employees and customers, but will not be used officially until the sale of the specialty papers business is completed, expected in early April, following final court approvals in both Canada and the United States.

Fraser Papers is an integrated specialty paper company that produces a broad range of specialty packaging and printing papers. The Company has operations in New Brunswick and Québec in Canada, and in Maine and New Hampshire in the United States. For more information, visit www.fraserpapers.com.


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