Press ReleasesNippon Paper Industries Announces Linerboard and Corrugated Medium Price Revisions

Nippon Paper Industries Co., Ltd.

Nippon Paper Industries Co., Ltd. ("the Company"; President: Yoshio Haga) announces price revisions for linerboard and corrugated medium in the domestic market.

Products subject to price revisions: All kinds of linerboard and corrugated medium handled by
Containerboard Sales Division of the Company
Markup: About 15%
Timing of implementation: From January 21, 2014 shipment
Reason for implementation: The prices of raw materials such as wastepaper and fuels are in an upward trend. Although the Company has made sustained efforts to reduce costs, it has proven difficult to absorb all the cost increases through the Company's own efforts, and it decided that there was no alternative but to pass the cost on to the product prices.