AbitibiBowater to Solicit Creditor Approval for its Reorganization Plan

MONTREAL—Aug. 2, 2010—AbitibiBowater announced today that the U.S. Bankruptcy Court for the District of Delaware approved the solicitation materials for the company's U.S. plan of reorganization under chapter 11 of the U.S. Bankruptcy Code. It had previously obtained the Québec Superior Court's approval for the mailing of solicitation materials and related disclosure documents for its plan of reorganization under the Companies' Creditors Arrangement Act (CCAA). These approvals now enable AbitibiBowater to start soliciting votes from creditors to accept or reject its restructuring plans, in accordance with the applicable court orders.