Press ReleasesNippon Dynawave Packaging Co. Commences OperationCompleting Purchase of Liquid Packaging Board Business from Weyerhaeuser

Nippon Paper Industries Co., Ltd.

Nippon Paper Industries Co., Ltd. (President: Fumio Manoshiro; hereinafter, "the Company") announces the completion of the asset purchase of the Liquid Packaging Board Business (hereinafter "the Business") of Weyerhaeuser Company in the United States in accordance with the Company's release dated June 16, and the commencement of the operation of Nippon Dynawave Packaging Co. (hereinafter, "Nippon Dynawave Packaging"), a new consolidated subsidiary established in the United States in order to assume the Business.

The Company will not only ensure the efficient management of Nippon Dynawave Packaging, but also pursue the creation of new businesses to enhance its group value, through collaborations with the industrial paper business and the packaging business.

Outline of Nippon Dynawave Packaging

1. Company Name Nippon Dynawave Packaging Co.
2. Location

Longview, Washington, USA

3. President John Carpenter
4. Number of Employees approx. 540
5. Start of Operation September 1, 2016
6. Business Description Production, processing, and sale of liquid packaging board and cup stocks, etc.

In addition, Nippon Dynawave Packaging engaged NP Trading Co., Ltd. (President:Kyoichi Fujikawa), a subsidiary of the Company, to act as its sole agent for the Japanese market (See contact information below).

Hiroyuki Nakagawa, General Manager

Liquid Packaging Board Dept.

Functional & Packaging Material Div.

NP Trading Co., Ltd.

TEL +81-3-6665-7325 FAX +81-3-6665-0419