NewPage Corporation (the Company) announced today that the Disclosure Statement for its Fourth Amended Chapter 11 Plan (the Plan) has been approved by the U.S. Bankruptcy Court for the District of Delaware. The Court's approval of the Disclosure Statement allows the Company to begin the Plan voting process, leading to a confirmation hearing scheduled for mid-December and the Company's expected emergence from bankruptcy before the end of the year.

The Company also was authorized to enter into a commitment letter and related fee letters for its exit financing, consisting of a $500 million term loan facility led by Goldman Sachs Lending Partners LLC and a $350 million revolving credit facility led by J.P. Morgan Securities LLC.

"The approval of our Disclosure Statement represents a significant achievement and another important step for the Company and its stakeholders," said George Martin, president and chief executive officer of NewPage. "We look forward to implementing the Plan upon emergence later this year with the financing and liquidity needed to support our operations."

The Company filed the fourth amendment to its Plan and related Disclosure Statement on November 7, 2012. A copy of the Plan and Disclosure Statement is available at www.kccllc.net/NewPage.

Votes on the Plan must be received by the Company's voting agent, Kurtzman Carson Consultants, LLC, by December 10, 2012, unless the deadline is extended. Solicitation materials are expected to be mailed to all creditors entitled to vote on the Plan by November 15, 2012. A hearing to consider confirmation of the Plan is currently scheduled for December 13, 2012, at 12:00 noon Eastern Time.

This press release is for informational purposes only and is not a solicitation to accept or reject the Plan. The Disclosure Statement, along with ballots and other solicitation materials, will be distributed directly to those creditors of the Company who are entitled to vote to accept or reject the Plan pursuant to the Disclosure Statement.