News Releases

    • AbitibiBowater announces intention to sell approximately 76,700 hectares of select timberland assets in Québec
          ABH (NYSE, TSX)
          MONTREAL, Oct. 28 /CNW Telbec/ - AbitibiBowater announced today that it
      intends to divest three forest units located in the Mauricie and
      Bas-Saint-Laurent regions in the Province of Québec, Canada. These timberland
      assets include the Seigneuries of Perthuis, Nicolas-Riou and Lac Métis, which
      comprise a total area of approximately 76,724 hectares (or 189,508 acres) and
      have a timber inventory of over 7.7 million cubic meters. Scotia Capital Inc.
      has been retained as exclusive financial advisor for the sale process, and all
      inquiries or expressions of interest should be forwarded directly to their
          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 27 pulp and paper facilities and 34 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 more third-party
      certified sustainable forest land than any other company in the world.
      AbitibiBowater's shares trade under the stock symbol ABH on both the New York
      Stock Exchange and the Toronto Stock Exchange.
          Cautionary Statement Regarding Forward-Looking Information
          Statements in this news release that are not reported financial results
      or other historical information are "forward-looking statements" within the
      meaning of the U.S. Private Securities Litigation Reform Act of 1995. They
      include, for example, statements about our intention to divest three forest
      units. The reader is cautioned not to place undue reliance on these
      forward-looking statements, which are not guarantees of future performance.
      These statements are based on management's current assumptions, beliefs and
      expectations, all of which involve a number of business risks and
      uncertainties. These risks and uncertainties include, but are not limited to,
      the ability to divest the forest units on terms satisfactory to AbitibiBowater
      and its subsidiaries or at all, industry conditions generally impacting the
      attractiveness of these timberlands to potential purchasers, and the ability
      of potential purchasers to obtain any needed financing to complete a purchase
      of these units. All forward-looking statements in this news release are
      expressly qualified by information contained in AbitibiBowater's filings with
      the U.S. Securities and Exchange Commission and the Canadian securities
      regulatory authorities. AbitibiBowater disclaims any obligation to update or
      revise any forward-looking information.
      For further information:
      For further information: Parties interested in the timberland assets
      should contact Scotia Capital Inc. directly; Scotia Capital Inc.: Jeff
      Drummond, Managing Director, (514) 287-3630,;
      AbitibiBowater Inc.: Investors: Duane Owens, Vice President, Finance, (864)
      282-9488; Media and Others: Seth Kursman, Vice President, Communications and
      Government Affairs, (514) 394-2398,