News Releases

    • AbitibiBowater Announces Appointments to Board of Directors
          ABH (TSX, NYSE)
          MONTREAL, April 15 /CNW Telbec/ - AbitibiBowater Inc. today announced the
      appointments of Anthony F. Griffiths and Paul Rivett to serve on its Board of
      Directors. These appointments are the result of Fairfax Financial Holdings
      Limited (TSX, NYSE: FFH) exercising its right to appoint two directors to the
      Board, pursuant to the terms of the purchase agreement of Fairfax's private
      placement, announced on March, 24, 2008. Both Board appointments are effective
      on April 15, 2008.
          The Company also announced today the departures of Hans P. Black and
      Bruce W. Van Saun as members of the Board. Mr. Black has been a member of the
      AbitibiBowater and, previously, Abitibi-Consolidated Inc. boards since 2005.
      Mr. Van Saun served on the boards of AbitibiBowater and, previously, Bowater
      Incorporated since 2005.
          "We are very pleased to have both Anthony Griffiths and Paul Rivett join
      the AbitibiBowater Board of Directors," stated Executive Chairman John W.
      Weaver. "On behalf of the Board of Directors and senior management, I would
      like to welcome them to our organization. We look forward to benefiting from
      their experience and expertise."
          In commenting on today's announcements, President and Chief Executive
      Officer David J. Paterson stated, "Hans Black and Bruce Van Saun provided our
      new and legacy organizations with valuable counsel throughout their tenure. We
      would like to acknowledge their contributions and thank them both for their
      commitment to enhance our competitiveness and corporate governance."
          Anthony F. Griffiths is currently an independent business consultant and
      corporate director. He is a member of Fairfax's Board of Directors, serving as
      Lead Director, member of its Audit Committee and Chair of its Compensation and
      Governance, and Nominating Committees. He is also the Chairman of Russel
      Metals Inc. and Novadaq Technologies Inc. and a director of Northbridge, Crum
      & Forster and OdysseyRe, Vitran Corporation Inc., PreMD Inc. and Jaguar Mining
      Inc. He was the Chairman of Mitel Corporation, a telecommunications company,
      from 1987 to 1993, while also holding the position of President and Chief
      Executive Officer from 1991 to 1993.
          Paul Rivett has been Fairfax's Chief Legal Officer since 2004. He also
      serves as Vice President and Chief Operating Officer of Hamblin Watsa
      Investment Counsel Ltd. Prior to 2004, Mr. Rivett was an attorney at Shearman
      & Sterling LLP in Toronto, Canada.
          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 35 wood products facilities located
      in the United States, Canada, the United Kingdom and South Korea. Marketing
      its products in more than 90 countries, AbitibiBowater is also among the
      world's largest recyclers of 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: For Investors: Duane Owens, Vice President and
      Treasurer, (864) 282-9488; For Media: Seth Kursman, Vice President,
      Communications and Government Affairs, (514) 394-2398,