News Releases

    • AbitibiBowater announces results of private debt exchange offer
          ABH (TSX, NYSE)
          MONTREAL, April 7 /CNW Telbec/ - AbitibiBowater Inc. announced today that
      the previously announced exchange offers by Abitibi-Consolidated Company of
      Canada ("ACCC"), an indirect subsidiary of AbitibiBowater, expired at
      12:00 midnight, New York City time, on April 4, 2008. The exchange offers were
      for the 6.95% Senior Notes due 2008, 5.25% Senior Notes due 2008 and 7.875%
      Senior Notes due 2009. Approximately 89.4% of the outstanding 6.95% Senior
      Notes, 92.1% of the outstanding 5.25% Senior Notes and 94.8% of the
      outstanding 7.875% Senior Notes were validly tendered in the exchange offers.
      As a result, ACCC issued an aggregate of approximately US$292.9 million
      principal amount of 15.5% Senior Notes due 2010 and approximately
      US$217.7 million in cash including payment of accrued interest to tendering
      note holders in connection with the exchange offers.
          About AbitibiBowater
          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. Following the required
      divestiture agreed to with the U.S. Department of Justice, AbitibiBowater will
      own or operate 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,