Press ReleasesNippon Paper Announces Newsprint Price Revision

Nippon Paper Industries Co., Ltd.

Nippon Paper Industries Co., Ltd. (Tokyo: 3863; President: Toru Nozawa; the "Company") has announced a price increase of \300 / ream for newsprint in Japan, for deliveries from April 1, 2023.

Given declining demand for newsprint, coupled with surges in prices for raw materials and

fuel that started to occur in the year before last, the Company has been striving to ensure the

stable supply of newsprint while simultaneously realigning its production structure and

introducing a range of cost-cutting measures. However, with current prices for raw materials

and fuel making it extremely difficult for us to engage in reproduction through our independent

efforts alone, we have determined that the price revision has to be implemented for the

continuation of business and stable supply going forward.