Aldabra 2 Acquisition Corp. Prices Acquisition Loan Financing, Sets Closing Date for Acquisition of Boise Paper and Packaging Assets.

- Company Plans to Change Name to Boise Inc. -

- Ticker symbols of common stock and warrants to change to BZ and BZ.WS, respectively -

NEW YORK -- Aldabra 2 Acquisition Corp. (AMEX: AII.U, AII, AII.WS, "Aldabra") announced today that Goldman Sachs Credit Partners LP and Lehman Brothers priced the $1,235.7 million in credit facilities required for its acquisition of Boise Cascade, LLC's packaging and paper manufacturing businesses ("Boise"). Aldabra anticipates the acquisition of Boise will close on Friday, February 22, 2008.

Aldabra plans to change its name to Boise Inc. when the transaction closes and to list its common stock and warrants for trading on the New York Stock Exchange under the new symbols BZ and BZ.WS, respectively, with trading expected to begin Monday, February 25, 2008.

"We are excited to complete the financing despite some of the most difficult market conditions in recent memory. In this market, strong credit quality is important to fixed income investors. We believe the success of this financing reflects very favorably on Boise Inc. and on its prospects," said Nathan Leight, Chairman of Aldabra.

Alexander Toeldte, who will be CEO of Boise Inc., added, "This is a compelling new chapter in our company's history. We look forward to continued positive business momentum as the acquisitions and investments we have made over the past 24 months come fully online."

About Boise Inc.

Headquartered in Boise, Idaho, the company manufactures a wide range of specialty and premium paper products, including papers for pressure sensitive and flexible packaging applications. Boise manufactures containerboard and corrugated products, imaging papers for the office and home, printing and converting papers, newsprint, and market pulp. Boise has approximately 4,700 employees.

Summary Terms of the Financing

The credit facilities consist of:

* A $250 million revolving credit line and a $250 million First Lien Term Loan A priced at LIBOR plus 325 basis points with a term of 5 years and a closing fee of approximately 2%

* A $475 million First Lien Term Loan B priced at LIBOR (with a floor of 4.00%) plus 350 basis points with a term of 6 years and a closing fee of 5%

* A $260.7 million Second Lien Term Loan priced at LIBOR (with a floor of 5.5%) plus 700 basis points with a term of 7 years and a closing fee of 10%

The facility is subject to the execution of definitive documentation at the closing of the Boise acquisition.

FORWARD-LOOKING STATEMENTS

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as "expect," "estimate," "prospects," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: costs associated with running Boise as a stand-alone business after the planned acquisition; uncertainties as to the closing of the acquisition; the satisfaction of closing conditions to the transaction, including the competitive environment in the paper industry of and competitive responses to the proposed acquisition; and other factors listed from time to time in the SEC filings of both Aldabra and Boise Cascade Holdings, L.L.C., including, without limitation, the definitive proxy statement filed by Aldabra relating to the transaction.