Domtar Signs Agreement with Cranberry Business Park Ltd.

Company to acquire remaining lands at the tisk^wat paper mill site

Domtar (formerly Paper Excellence) has signed a purchase agreement with Cranberry Business Park Ltd. for the sale of the remaining half of its lands at the former tisk^wat Paper Mill site in Powell River, British Columbia.

“We are looking forward to contributing to the economic future of Powell River and the region,” said Craig Austin and Thomas Logocki, Cranberry Business Park. “With waterfront access and abundant energy sources, this site has so much potential.We are proud to be part of the revitalization of the city’s Historic Townsite, alongside our neighbour at tisk^wat, the Tla’amin Nation.

“It was a priority for Domtar to find a buyer who would ensure that the lands continue to generate jobs and economic benefit for the broader community well into the future,” said Carlo Dal Monte, vice president, Legacy Assets.  “In March we returned a substantial portion of the tisk^wat site to Tla’amin Nation. We are proud that the agreements that we’ve reached offer such a bright future for the region.”

Earlier this year, together with Tla’amin Nation, Domtar announced that it was returning a substantial portion of the tisk^wat lands to the Nation. This historic agreement aligns with the company’s commitment to a reconciliation-centered approach to engaging with Indigenous communities.

Closing is expected to take place later in the year, subject to the completion of standard regulatory approvals.

About Cranberry Business Park

The Cranberry Business Park team includes several entrepreneurs who have created hundreds of jobs in Canada across multiple industries and communities, including in Powell River, B.C. Sonny Huang is a key leader on the team who has demonstrated success and owns and operates businesses such as Mt Boucherie and Rust wineries in the Okanagan Valley as well as an energy solutions business at YVR. Sonny Huang is excited to be part of the Cranberry Business Park team and is dedicated to supporting economic development at the tisk^wat site.

About Domtar

Domtar is a leading, privately held manufacturer of diversified forest products, with a workforce of about 14,000 employees in more than 60 locations across North America. The company has an annual production capacity of 9.1 million metric tons of pulp, paper, packaging and tissue, and approximately 3 billion board feet of lumber and other wood products. Formerly known as the Paper Excellence Group, Domtar is comprised of legacy businesses Paper Excellence, Domtar and Resolute Forest Products.

Domtar prides itself on operational excellence, delivering sustainable, high-quality and cost-effective products to meet and exceed customer needs globally. The company is committed to turning sustainable wood fiber into everyday essential products. Domtar’s principal executive office is located in Fort Mill, South Carolina. For more information, visit www.domtar.com.

Contact:

Jennifer Johnson – Media Contact – jennifer.johnson@domtar.com – (949) 278-5537

Source: Resolute FP Canada Inc.