Bowater Chairman Receives Syracuse Pulp & Paper Foundation Honor.

Business Editors

GREENVILLE, S.C.--(BUSINESS WIRE)--Oct. 13, 2000

Bowater Incorporated (NYSE: BOW) announced today that Arnold M. Nemirow, Chairman, President and Chief Executive Officer has received the Syracuse University Pulp & Paper Foundation Herman Louis Joachim Award for management excellence. The award was presented to Mr. Nemirow at the Foundation's annual banquet on October 12.

Bowater Incorporated, headquartered in Greenville, SC, is a global leader in newsprint. In addition, the company makes coated and uncoated groundwood papers, bleached kraft pulp and lumber products. With its pending acquisition of the Sepoong mill in South Korea, the company will have ten pulp and paper mills in the United States, Canada and South Korea. The company also owns and operates a coating operation and three sawmills that produce softwood dimension lumber. These operations are supported by 1.8 million acres of timberlands owned or leased in the United States and Canada and over 14 million acres of timber cutting rights in Canada. The company is one of the world's largest consumers of recycled newspapers and magazines. Bowater common stock is listed on the New York Stock Exchange, U.S. regional exchanges and the London Stock Exchange. A special class of stock exchangeable into Bowater common stock is listed on the Toronto Stock Exchange (TSE: BWX).