Press ReleasesNippon Paper Industries to Revise Prices of Patent-coated Board.

Nippon Paper Industries Co., Ltd.

Nippon Paper Industries Co., Ltd. (President: Fumio Manoshiro) will be revising the prices of patent-coated board as follows.

1. Product Categories Subject to Price Revision:

    One-side coated duplex board,specialty board and both sides patent-coated board

2. Price Increase: 10% or more for individual product categories

3. Application of New Prices: Products shipped on Oct.1, 2014 and later

4. Grounds for Revision:

    With rising prices of a number of raw materials and fuels, we have sought to cut costs to absorb      the cost increases. However, we have found it impossible to achieve further cost reductions      through our independent efforts alone and have therefore decided to revise product prices.