Bowater Announces Date for Release of Third Quarter 2006 Financial Results.

GREENVILLE, S.C. -- Bowater Incorporated (NYSE: BOW) will release third quarter 2006 financial results before the market opens on Thursday, October 26, 2006. A management conference call will be held to discuss these financial results at 10:00 a.m. Eastern time, October 26, 2006. The conference call number is 888-550-2358 or 703-546-4242 (international). A webcast of the call will be available on Bowater's website at www.bowater.com. Interested parties may follow the on-screen instructions for access to the webcast and related information. A replay of the call will be available after 1:30 p.m. Eastern time on Thursday, October 26, on our website and through Thursday, November 2, by dialing 800-475-6701 or 320-365-3844 (international) and using the access code 845070.

Bowater Incorporated, headquartered in Greenville, SC, is a leading producer of coated and specialty papers and newsprint. In addition, the company sells bleached market pulp and lumber products. Bowater employs approximately 7,800 people and has 12 pulp and paper mills in the United States, Canada and South Korea. In North America, it also owns two converting facilities and 10 sawmills. Bowater's operations are supported by approximately 857,000 acres of timberlands owned or leased in the United States and Canada and 28 million acres of timber cutting rights in Canada. Bowater operates six recycling plants and is one of the world's largest consumers of recycled newspapers and magazines. Bowater common stock is listed on the New York Stock Exchange and the Pacific Exchange. A special class of stock exchangeable into Bowater common stock is listed on the Toronto Stock Exchange (TSX: BWX). To learn more, visit www.bowater.com.