News Releases

    • AbitibiBowater's Executive Chairman John W. Weaver Announces Retirement
          ABH (NYSE, TSX)
          MONTREAL, June 5 /CNW Telbec/ - At AbitibiBowater Inc.'s first annual
      meeting of stockholders earlier today, John W. Weaver announced his retirement
      as Executive Chairman of the Company, effective July 1, 2008. Mr. Weaver will
      continue to serve as non-Executive Chairman and a member of the Board of
      Directors of AbitibiBowater until March 31, 2009.
          "Leaving AbitibiBowater at this stage of my life is the right thing to
      do," stated Mr. Weaver. "I am very proud of how far we have come as a combined
      company in such a short period of time. Many challenges lie ahead and I am
      confident that the right people are in place to successfully meet them head
          "I feel honored by my many years of association with such a fine
      organization," added Mr. Weaver. "And I would like to take this opportunity to
      thank all our employees for their ongoing hard work and commitment."
          "John has been key in forging the new Company personality and setting the
      foundation for a bright future," commented David J. Paterson, President and
      Chief Executive Officer. "On behalf of all AbitibiBowater employees and
      shareholders - as well as on a very personal level - I thank John for his
      invaluable contributions and dedication, and wish him all the best for this
      next phase of his professional and personal life."
          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.
      For further information:
      For further information: Investors: Duane Owens, Vice President and
      Treasurer, (864) 282-9488; Media and Others: Seth Kursman, Vice President,
      Communications and Government Affairs, (514) 394-2398,