Clearwater Paper Corporation has announced the pricing of $375 million principal amount of senior notes due 2018 (the "Notes"). The Notes will have an interest rate of 7 1/8% per annum and are being issued at a price equal to 100% of their face value.

The net proceeds of the offering will be used to finance in part the company's acquisition of Cellu Tissue Holdings, Inc., to refinance certain existing indebtedness of Cellu Tissue, and to pay fees and expenses incurred as part of the Notes offering, the acquisition and related transactions. The proceeds from the offering will be placed in escrow pending the closing of acquisition. The acquisition is expected to close in the fourth quarter of 2010, subject to customary closing conditions. If the acquisition is not completed, the company will be required to redeem all of the Notes. The Notes will be guaranteed by substantially all of the company's future wholly owned domestic restricted subsidiaries, including Cellu Tissue and certain of its subsidiaries upon the completion of the acquisition.

As the offering is a private placement, the Notes will be offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933 (the "Securities Act") and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The Notes to be offered have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

This press release contains information about pending transactions, and there can be no assurance that these transactions will be completed.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Litigation Reform Act of 1995 as amended, including, but not limited to, statements regarding the proposed acquisition of Cellu Tissue, the offering of the Notes and the anticipated use of proceeds therefrom. These forward-looking statements are based on the Company's current expectations, estimates and assumptions that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk that the closing of the acquisition of Cellu Tissue may be delayed or not occur, the impact of conditions in the credit markets generally and, in particular, for companies in the markets in which the Company operates, and changes and uncertainty in the United States and international economies in which the Company and Cellu Tissue operate. For a discussion of additional factors that may cause results to differ, see the Company's public filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date thereof. The Company does not undertake to update any forward-looking statements.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

Cellu Tissue intends to file with the SEC a preliminary proxy statement and a definitive proxy statement and other relevant material in connection with the proposed acquisition. The definitive proxy statement will be sent or given to the stockholders of Cellu Tissue. Before making any voting or investment decision with respect to the acquisition, investors and stockholders of Cellu Tissue are urged to read the proxy statement and the other relevant material when they become available because they will contain important information about the acquisition. The proxy statement and other relevant materials (when they become available), and any other documents filed by Cellu Tissue with the SEC, may be obtained free of charge at the SEC's website at www.sec.gov, at Cellu Tissue's Investor Relations website at cellutissue.com/investor (click "SEC filings") or from Cellu Tissue by contacting Investor Relations by mail at 1855 Lockeway Drive, Suite 501, Alpharetta, Georgia 30004, Attention: Investor Relations, or by telephone at (678) 393-2651.

PARTICIPANTS IN SOLICITATION

Clearwater Paper and Cellu Tissue and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Cellu Tissue stockholders in connection with the proposed acquisition. Information about Clearwater Paper's directors and executive officers is set forth in Clearwater Paper's proxy statement on Schedule 14A filed with the SEC on March 29, 2010 and its Annual Report on Form 10-K for the year ended December 31, 2009 filed with the SEC on February 26, 2010. Information about Cellu Tissue's directors and executive officers is set forth in its proxy statement on Schedule 14A filed with the SEC on June 25, 2010. Additional information regarding the interests of participants in the solicitation of proxies in connection the acquisition will be included in the proxy statement that Cellu Tissue intends to file with the SEC.

SOURCE: Clearwater Paper Corporation

BASF and its employees in more than 20 countries have together donated about €785,000 for the flood victims in Pakistan.

“I was impressed by the willingness of BASF employees to make donations. Through their contributions some of the misery can be relieved by helping to supply the people in Pakistan with essential goods,” said Dr. Jürgen Hambrecht, Chairman of the Board of Executive Directors of BASF.

The aid money will be distributed among various UN organizations on the ground in the affected areas of Pakistan and the Red Cross. The employee and company donations from Germany go to CERF, the United Nations Central Emergency Response Fund. CERF uses the money exclusively to support projects run by UN organizations active in Pakistan. For example the World Health Organization uses the money to be able to provide basic medical care or UN-HABITAT for providing potable water.

In the immediate aftermath of the flooding, BASF Group companies in Pakistan and local employees provided local assistance, for example an internal aid committee prepared relief packages containing food, medicines and other emergency goods and organized aid distribution points near BASF sites in Karachi, Lahore, Faisalabad and Sialkot.

About BASF

BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals as well as oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €50 billion in 2009 and had approximately 105,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.

Based on current information, the Pöyry Group's operating profit for 2010, excluding one-time items, is estimated to decline clearly from the comparable figure in 2009. The Group's net sales for the full year 2010 are expected to remain stable.

The main reasons behind the reduced outlook are:

- Delays in start-up of awarded major projects

- Delays in final project investment decisions

- Low activity level in certain markets

- Structural overcapacity especially in Finland

More details about the outlook will be issued in Pöyry's January-September interim report, which will be published on 28 October 2010.

Previous Group level guidance issued on 21 April 2010:

Group sales for the full year 2010 are expected to remain stable or grow from 2009. The Group's operating profit is expected to remain stable compared with 2009 after inclusion of incremental business development expenses necessary to accelerate growth in line with the Vision.

The outlook and comparison both refer to figures excluding one-time items.

PÖYRY PLC

Additional information by:

Heikki Malinen, President and CEO, Pöyry PLC, Finland

Contacts to Jaana Pihlajaniemi, tel. +358 10 33 22399

Johan Brink, CFO (acting), Pöyry PLC, Finland

Tel. +358 10 33 22183

Sanna Päiväniemi, Director, Investor Relations, Pöyry PLC, Finland

Tel. +358 10 33 23002

Ahlstrom Corporation will publish its interim report for January-September 2010 on Tuesday, October 26, 2010 approximately at 12 a.m. Finnish time (CET +1).

Ahlstrom's President & CEO Jan Lång and CFO Seppo Parvi will present the 2010 third-quarter results in Finnish at a press and analyst conference in Helsinki on October 26 at 2 p.m. Finnish time. The conference will take place at event arena Bank, address Unioninkatu 20, 2^nd floor. The name of the meeting room will be displayed on the display board in the lobby.

In addition, a conference call for analysts and investors will be held in English on the same day at 4 p.m. Finnish time. To participate in the teleconference, please dial +358 (0)9 2319 4250 in Finland or +44 (0)20 7806 1953 outside Finland a few minutes before the conference begins. The confirmation code is 7880049.

The event can also be viewed as a live audio webcast at www.ahlstrom.com. Registration is required. It is possible to participate in the Q & A session via teleconference or online.

An on-demand audio webcast of the conference will be available on Ahlstrom's website for twelve months after the call.

The presentation material will be available at www.ahlstrom.com > Investors > Reports and presentations > 2010 after the interim report has been published.

Ahlstrom Corporation
Corporate Communications

For further information, please contact:
Juho Erkheikki
Financial communications
Tel. +358 10 888 4731

With their Thurso pulp mill in the midst of being converted to a dissolving pulp producer, Fortress Paper Ltd CEO Chadwick Wasilenkoff traveled to China last month to meet with potential buyers of their soon-to-be available new product. The region, he said, was a prime market for the dissolving pulp – a product used in the textile industry for the creation of rayon.

“The largest viscose producers (in the world) are expanding their capacity, but none of them have focused on a supply chain – where they’re going to get this rayon pulp,” Wasilenkoff said in an interview with Colorado radio station KRCN.

This week, Fortress Paper announced they had reached an agreement to supply dissolving pulp to two Chinese rayon producers.

As part of the agreement, Fortress will deliver a total of 84,000 air dried metric tons of dissolving pulp annually to the Chinese companies for a period of five years starting in the third quarter of 2011, when the Thurso mill is expected to be fully converted.

The mill expected to have a production capacity of more than 200,000 air dried metric tons of dissolving pulp annually.

Rayon is seeing a sizeable growth across the globe, especially in Asia. Currently rayon represents about four per cent of the textile industry but that number is growing. In China alone, the rayon market is growing at a rate of nearly ten per cent annually, and those numbers are only expected to increase as regulations on cotton and depleting supplies impact what used to be the textile industry’s go-to fibre.

Rayon is also gaining in popularity because while demand for cotton – the world’s most popular textile fibre – is steadily increasing, production of cotton is actually decreasing.

SOURCES:
Reuters: “Fortress Paper Gets Two Contracts In China”
Specialty Cellulose: “Fortress Paper Enters Into Dissolving Pulp Supply Agreements”

Fortress Paper Ltd. announces that it has increased the purchase commitments for its dissolving pulp to an aggregate of 156,000 air dried metric tonnes (“ADMT”) per annum representing approximately 78% of the Fortress Specialty Cellulose Mill’s planned annual production capacity.

Fortress Paper, through a wholly-owned subsidiary, entered into a dissolving pulp supply agreement with an additional producer of viscose fibre (rayon) products located in China, for the delivery of approximately 72,000 ADMT of dissolving pulp per annum at a purchase price based on a formula that factors in the prevailing market price of viscose staple fibre in China, subject to minimum pricing terms and no maximum purchase price. The pulp supply agreement is for a term of ten years, with Fortress commencing the supply of dissolving pulp in the third quarter of 2011.

The Company also announces that it has issued 400,000 common shares upon the partial conversion by Solidarity Fund QFL (Fonds de solidarite FTQ) (the “Fonds”) of $8,000,000 principal amount of its $15,000,000 unsecured convertible debenture that was issued on April 30, 2010.

Chadwick Wasilenkoff, Fortress Paper’s Chief Executive Officer, commented: “We are very pleased to be working with Solidarity Fund QFL (Fonds de solidarite FTQ) on this exciting project in the Province of Quebec where they are playing an important role in the Thurso project by providing early-stage capital to Fortress Paper. I would like to thank the Fonds for their support and I would welcome the opportunity to partner with them again in the future.”

“We were pleased to partner with Fortress Paper earlier this year. The Company’s turnaround plan is well underway. The Thurso plant is already running at a good pace, having called back some 300 employees,” said Gaetan Morin, Executive Vice-President, Investments, at Solidarity Fund QFL (Fonds de solidarite FTQ).

About Fortress Paper

Fortress Paper is a leading international producer of security and other specialty papers and products. Fortress operates three mills, the Landqart Mill located in Switzerland, the Dresden Mill located in Germany and the Fortress Specialty Cellulose Mill located in Quebec, Canada. Fortress Paper’s security papers include banknote, passport and visa papers and its specialty papers include non-woven wallpaper base products, and graphic and technical papers. Fortress Paper’s pulp business includes NBHK produced at the Fortress Specialty Cellulose Mill with plans to convert this capacity into dissolving pulp production along with the construction of a biomass based cogeneration plant.

A new low-consistency (LC) refiner system donated to the Pulp and Paper Centre at the University of British Columbia (UBC) was started up in August, marking another milestone in the University's research program to enhance paper quality and reduce energy consumption.

It also marked a milestone in what has been described as one of the longest industry/academic partnerships at the university (over 25 years), according to James Olson, a professor in the Mechanical Engineering Department at UBC and a member of the Advanced Papermaking Initiative.

Advanced Fiber Technologies (AFT) contributed the key process equipment to enable UBC to expand its capabilities in LC refining -- a technology that is now being exploited by the world's leading papermakers to significantly improve the energy efficiency of mechanical pulp production, according to Olson.

"We are now starting up the most state-of-the-art, university-based LC refining facility in the world," Olson says.  "We are grateful to AFT for helping us move into this important research area."

A member of the Aikawa Group, AFT designs and manufactures screening components and Finebar® refiner plates for the worldwide pulp and paper industry.  To UBC, the company donated a 16-inch Aikawa AWW single-disc LC refiner plus Finebar refiner plates to process a full range of hardwood, softwood, and recycled fibers.

The Natural Sciences and Engineering Research Council of Canada (NSERC) provided funding to purchase ancillary equipment and West Fraser Mills in British Columbia donated a 150 HP motor to drive the refiner.

"AFT has consistently contributed to R&D to fully understand the science of screening," says Dr. Robert Gooding, vice -president of technology at AFT.  "This most recent contribution underscores our commitment to LC refining research."

Gooding explains that while LC refining remains essential to a wide range of papermaking applications, it has taken on a new level of importance for mechanical pulping due to its reduced energy requirements.

After a short "learning curve" to understand the complexities and nuances of the new facility, fundamental research and development will begin in earnest.  The LC refining facility will allow UBC to test new ideas and concepts for pre-treatment, power reduction strategies, advanced controls, and the impact on paper surface qualities. "Of course, we will be eager to perform sponsored research for pulp product development to help the industry further improve its paper products," Olson says.

Gooding adds that AFT will also utilize the facility for fundamental research on plate geometries and power-gap relationships, as well as supporting customer trials.

On Monday 11th Oct 2010, the news agency Thomson Reuters published an interview with the President and CEO of Norske Skog, Sven Ombudstvedt. The article from Thomson Reuters states that "Ombudstvedt said that business performance had been somewhat better than he expected during the third quarter of 2010." The formulation in the article must be due to a misunderstanding, since comments regarding the quarterly financial statements were not given in the interview. However, it was said that market development was somewhat better.

The results in the third quarter will continue to be weak, as it was guided in connection with the presentation of the financial statements for the second quarter. Norske Skog will publish the ordinary pre-quarterly release for the third quarter in Week 42.
 
Norske Skog has unsuccessfully tried to get Thomson Reuters to send out a corrected version of the interview.
 
Oxenøen, Oct 11, 2010
Norske Skog
Communications and public affairs
 
For further information:

Media:
Vice president corporate affairs
Carsten Dybevig
Mob: +47 917 63 117

The financial market:
Vice president investor relations
Jarle Langfjæran
Mob: +47 909 78 434

Clearwater Paper Corporation has announced certain preliminary financial results as of and for the three months ended September 30, 2010, in connection with the company's previously announced proposed offering of $350 million aggregate principal amount of senior notes due 2018. Clearwater Paper currently estimates that for such period, its net sales were between $345 million and $360 million and its Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization, or Adjusted EBITDA, was comparable to that achieved during the same quarter in fiscal 2009. Clearwater Paper's net sales were $331.5 million for the three months ended September 30, 2009. Clearwater Paper also estimates that its cash and short-term investments as of September 30, 2010 were approximately $357 million.

The estimates for net sales and Adjusted EBITDA were derived from preliminary results of operations that are unaudited and subject to the completion of Clearwater Paper's financial closing process for this period. Actual results for the quarter may differ from the estimated results. During the course of the financial statement closing process, Clearwater Paper may identify items that would require it to make adjustments, which may be material, to the estimated range of net sales set forth above or the amount of Adjusted EBITDA.

There can be no assurance that these preliminary results will not differ from the financial information reflected in Clearwater Paper's financial statements for such period when they have been finalized or that these preliminary results are indicative of future performance.

This announcement of Clearwater Paper's preliminary financial results is being made in connection with its previously announced offering of $350 million of debt securities.

Use of Non-GAAP Financial Measures

This press release includes a statement regarding the non-GAAP financial measure entitled "Adjusted EBITDA." Clearwater Paper defines Adjusted EBITDA as EBITDA adjusted for non-recurring expenses or income, including debt retirement costs and alternative fuel tax credits. EBITDA, as defined by Clearwater Paper, is net earnings adjusted for net interest expense, income taxes, and depreciation and amortization. Adjusted EBITDA is a non-GAAP measure that Clearwater Paper's management uses to evaluate the cash generating capacity of Clearwater Paper. The most directly comparable GAAP measure for Adjusted EBITDA is net earnings.

Clearwater Paper believes that the presentation of non-GAAP financial measures enhances an investor's understanding of its financial performance. Clearwater Paper believes that Adjusted EBITDA is a useful financial metric to assess its operating performance from period to period by excluding certain items that it believes is not representative of its business. Clearwater Paper believes that Adjusted EBITDA will provide investors with a useful tool for assessing the comparability between periods of its ability to generate cash from operations sufficient to pay taxes, to service debt and to undertake capital expenditures. Clearwater Paper uses these financial measures for business planning purposes and in measuring performance relative to that of our respective competitors.

In addition, Clearwater Paper believes Adjusted EBITDA is a measure commonly used by investors to evaluate its performance and that of its competitors. They are not presentations made in accordance with GAAP and the use of the term Adjusted EBITDA varies from others in Clearwater Paper's industry. This financial measure should not be considered an alternative to other performance measures derived in accordance with GAAP as measures of operating performance or operating cash flows or as measures of liquidity.

Adjusted EBITDA has important limitations as an analytical tool and you should not consider it in isolation or as a substitute for analysis of Clearwater Paper's results as reported under GAAP. For example, Adjusted EBITDA:

• excludes certain tax payments that may represent a reduction in cash available to us;
• does not reflect any cash capital expenditure requirements for the assets being depreciated and amortized that may have to be replaced in the future;
• does not reflect changes in, or cash requirements for, our working capital needs;
• does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on our debt; and
• other companies in our industry may calculate EBITDA and Adjusted EBITDA differently than we do, limiting their usefulness as comparative measures.

Because of these limitations, EBITDA and Adjusted EBITDA should not be considered as measures of discretionary cash available to us to invest in the growth of our business. We compensate for these limitations by relying primarily on our U.S. GAAP results and we use EBITDA and Adjusted EBITDA only supplementally.

CONFERENCE CALL INFORMATION

Clearwater Paper will host its scheduled third quarter 2010 financial results conference call on Thursday, October 28, 2010, at 8 a.m. Pacific Time (11 a.m. Eastern Time) to discuss its third quarter financial results in more detail. Clearwater Paper will issue its complete financial results press release before the market opens the same day.

Investors may access the conference call by dialing 877-303-9241 (for US/Canada investors) or 760-666-3575 (for international investors). The audio Web cast may be accessed on Clearwater Paper's Web site at http://ir.clearwaterpaper.com/events.cfm.

An accompanying presentation will be available for downloading from http://ir.clearwaterpaper.com/events.cfm before the market opens. The Web cast will be audio only. Investors are recommended to download the accompanying presentation prior to the call.

For those unable to participate in the call, an archived recording will be available through Clearwater Paper's Web site at www.clearwaterpaper.com under "Investor Relations" following the conference call.

FORWARD-LOOKING STATEMENTS SAFE HARBOR

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding Clearwater Paper's results of operations and financial condition at and for the three months ended September 30, 2010. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, adjustments to Clearwater Paper's preliminary results in the course of the financial closing process, Clearwater Paper's ability to execute on its expansion plans; customers' product preferences, changes in the United States and international economies; changes in raw material and energy costs; cyclical industry conditions; loss of a large customer; changes in the alternative fuel mixture tax credit regulations and Clearwater Paper's eligibility for such tax credits; competitive pricing pressure for Clearwater Paper's products; changes in freight costs and disruptions in transportation services; unanticipated manufacturing disruptions; changes in general and industry-specific laws and regulations; unforeseen environmental liabilities or expenditures; labor disruptions; and other risks and uncertainties described from time to time in Clearwater Paper's public filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this press release and Clearwater Paper does not undertake to update any forward-looking statements.

ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, bleached paperboard and wood products at six facilities across the country. Clearwater Paper is a premier supplier of private label tissue to major retail grocery chains, and also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper's 2,500 employees build shareholder value by developing strong customer partnerships through quality and service.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com.

M-real invests approximately EUR 16 million at Kemiart Liners mill - a final decision made regarding EUR 26 million investments in Simpele

M-real Corporation, part of Metsäliitto Group, has decided to invest at the Kemiart Liners mill by modernizing the coating section. Through the investment M-real focuses more on the coated grades and improves the product quality. The investment will be done during 2011. The total value of the investment is approximately EUR 16 million.

“M-real is the European market leader in coated white top liners. This investment is an important development step that is further strengthening M-real's market and quality leadership”, says CEO Mikko Helander.

M-real has, according to the earlier announced plans, made a final decision to invest in the expansion of the cartonboard production and sheeting operations at the Simpele mill. The value of the investments is expected to be approximately EUR 26 million. The investments will be completed in summer 2011.

For further information, please contact:
Mika Joukio, SVP, Head of Consumer Packaging, tel. +358 10 463 3041
Juha Laine, Vice President, Investor Relations and Communications, tel. +358 10 465 4335