SMART Papers LLC

HAMILTON, OH—May 13, 2008—SMART Papers has begun construction on a new $30 million high-efficiency energy co-generation facility at its manufacturing center here that marks an important first for the North American papermaking industry. By early 2009, SMART Papers will produce all of its own power and begin a transition to 100% cellulosic biomass fuel. By late 2009, all products will be fully carbon neutral and produced 100% fossil fuel free, company officials said. SMART Papers, which makes premium coated and uncoated printing papers for businesses and consumers, including Fortune 500 companies, said its products will be carbon-neutral because its manufacturing center will be powered

HAMILTON, OH—January 3, 2007—SMART Papers today announced it has a new owner, Plainfield Asset Management of Greenwich, Conn., and is expanding production on all three papermaking machines at its Hamilton, Ohio, manufacturing center. With fresh capitalization and ownership, the company said it is now producing its full line of premium cast-coated, matte-coated and uncoated text, cover and writing papers. SMART Papers employs 520 in various manufacturing, sales, customer service and management positions, primarily in Hamilton, north of Cincinnati. “SMART Papers has a rich history and well-established brands that bring unique value and benefit to the North American printing industry and their customers,” said Eric Reehl, Managing

HAMILTON, OH—December 20, 2006—SMART Papers LLC today reported that the U.S. Bankruptcy Court for the District of Delaware has approved and confirmed its business reorganization plan, paving the way for emergence from Chapter 11 upon the company’s sale to an affiliate of Plainfield Asset Management LLC, a Greenwich, Conn.-based investment advisor. The SMART Papers Plan of Reorganization was approved by the court yesterday in Wilmington, Del. The plan was accepted by an overwhelming majority of voting creditors. It is also supported by SMART Papers’ secured lender, its unsecured creditors committee, Memphis-based International Paper Co. and many other important creditor groups. “We’re very pleased with