News Releases

    • AbitibiBowater Appoints Chief Restructuring Officer
          ABWTQ (OTC)MONTREAL, July 2 /CNW Telbec/ - AbitibiBowater announced today that the
      Company has appointed Mr. Bruce K. Robertson as Chief Restructuring Officer.
      Mr. Robertson's primary responsibility will be to support Company efforts in
      the restructuring process stemming from AbitibiBowater's creditor protection
      filings. He will work closely with the Executive Team and report to David J.
      Paterson, President and Chief Executive Officer.
          "We are pleased to have Bruce Robertson on board and to share his
      expertise in corporate finance and restructurings," stated David Paterson. "I
      look forward to working closely with Bruce and the Company's Board, Management
      and creditors to move, as quickly as possible, towards a negotiated settlement
      of claims and a comprehensive restructuring plan that will make AbitibiBowater
      a stronger, more sustainable organization.'
          Mr. Robertson recently served as Senior Managing Partner at Brookfield
      Asset Management Inc. At Brookfield, he held a number of operational roles,
      managing over $7 billion in North American distressed private equity, bridge
      lending, and real estate finance strategies. In his capacity as a senior
      executive of Brookfield, Mr. Robertson served on a number of private and
      public boards. He holds a Bachelor of Commerce from Queen's University.
          AbitibiBowater has obtained a court order in the U.S. authorizing the
      appointment of Mr. Robertson.
          More information about AbitibiBowater's restructuring process can be
      found at or by calling toll-free 888 266-9280.
      International callers should dial 503 597-7698.
          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 30 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: Seth Kursman, Vice President,
      Communications and Government Affairs, (514) 394-2398,