AbitibiBowater Emerges from Bankruptcy

• Completed other initiatives that have materially improved AbitibiBowater’s financial position, including: the repudiation or renegotiation of unfavorable contracts, creating savings of over $78 million and the settlement of a North American Free Trade Agreement (NAFTA) claim of C$130 million for the expropriation of Company assets in Newfoundland and Labrador.