Bowater CEO to Speak at Investor Conference.

GREENVILLE, S.C. -- Bowater Incorporated (NYSE: BOW) President and Chief Executive Officer, David J. Paterson, will speak at the UBS Global Paper & Forest Products Conference on Wednesday, September 20, 2006 at 10:30 a.m. Eastern time.

Interested parties may access a live audio webcast and obtain a copy of the presentation on Bowater's website at www.bowater.com. A replay of the presentation will be available on the company's website within 24 hours of the presentation and will be available until October 20, 2006.

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 operates 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.