Press ReleasesNippon Paper Industries Co., Ltd. Announces Conclusion of Basic Agreement with Tokushu Tokai Paper Co., Ltd. Concerning Containerboard and Sack & General Purpose Kraft Paper Businesses

Nippon Paper Industries Co., Ltd.

Nippon Paper Industries Co., Ltd. (President: Fumio Manoshiro; hereinafter, "the Company") announces that, at a meeting of its Board of Directors held today, the Company resolved to conclude a basic agreement with Tokushu Tokai Paper Co., Ltd. (President: Kiyotoshi Misawa; hereinafter, "Tokushu Tokai Paper") concerning their containerboard and sack & general purpose kraft paper sales business. This agreement covers the integration of their sales functions (hereinafter, "the Sales Function Integration") and the demerger of the manufacturing business at the Shimada Mill of Tokushu Tokai Paper (hereinafter the subsidiary of Tokushu Tokai Paper to be established through the demerger is referred to as "the New Manufacturing Company") and the Company's investment in the New Manufacturing Company (hereinafter, "the Investment in the New Manufacturing Company"; "the Sales Function Integration" and "the Investment in the New Manufacturing Company" are referred to collectively as "the Business Alliance").

The Business Alliance, which will be discussed and examined by both parties, will come into effect in or about October 2016, subject to conclusion of the final agreement and approval by the Japan Fair Trade Commission and the General Meeting of Shareholders of Tokushu Tokai Paper, etc.

Nippon Paper Industries Co., Ltd. Announces Conclusion of Basic Agreement with Tokushu Tokai Paper Co., Ltd. Concerning Containerboard and Sack & General Purpose Kraft Paper Businesses.pdf

Conclusion of Basic Agreement Concerning Containerboard and Sack & General Purpose Kraft Paper Businesses (Presentation Material).pdf