Press ReleasesNotice of Final Net Assets of Paper Australia at Time of Its Complete AcquisitionA follow-up notice on Share Acquisition by Subsidiary (Establishment of Second-Tier Subsidiary)

Nippon Paper Group, Inc.

Nippon Paper Group, Inc. announces final net assets of Paper Australia Pty Ltd. (Headquarters: Victoria, Australia; hereinafter "AP") as of June 1, 2009, when Nippon Paper Industries Co., Ltd., a Nippon Paper Group, Inc. subsidiary, completed the acquisition of all outstanding shares of AP. Details are as follows:

  1. 1.Overview of the sub-subsidiary
    1. (1)Net assets: AUD 661,290,789 (approximately JPY 56.2 billion)

The contingent portion of the acquisition value linked to AP's performance for the three terms ending June 2012 will be disclosed once it is determined.