News Releases

    • AbitibiBowater Completes Sale of Select Timberland Assets in Quebec
          ABWTQ (OTC)
          MONTREAL, Sept. 2 /CNW Telbec/ - AbitibiBowater announced today that it
      has completed the sale of approximately 121,000 hectares (300,000 acres) of
      private timberlands in Quebec, Canada, for C$53 million in cash.
      AbitibiBowater plans to use the proceeds from this sale for general corporate
          Timberlands located in the Mauricie, Charlevoix and Saguenay regions were
      sold to two newly formed limited partnerships held by Société de gestion
      d'actifs forestiers Solifor, s.e.c. Timberlands located in the Côte-Nord
      region were sold to Aménagements forestiers Portneuf (3908666 Canada Inc.).
          AbitibiBowater produces a wide range of newsprint, commercial printing
      papers, market pulp and wood products. It is the eighth largest publicly
      traded pulp and paper manufacturer in the world. AbitibiBowater owns or
      operates 23 pulp and paper facilities and 29 wood products facilities located
      in the United States, Canada, the United Kingdom and South Korea. Marketing
      its products in more than 90 countries, the Company is also among the world's
      largest recyclers of old newspapers and magazines, and has third-party
      certified 100% of its managed woodlands to sustainable forest management
      standards. AbitibiBowater's shares trade over-the-counter on the Pink Sheets
      and on the OTC Bulletin Board under the stock symbol ABWTQ.
      For further information:
      For further information: Investors: Duane Owens, Vice President,
      Finance, (864) 282-9488; Media and Others: Pierre Choquette, Manager,
      Government Relations and Public Affairs - Quebec, (514) 394-2178,