Bowater Incorporated CEO to Speak At Investor Conference.

Business Editors

GREENVILLE, S.C.--(BUSINESS WIRE)--March 11, 2002

Bowater Incorporated (NYSE: BOW) Chairman and Chief Executive Officer Arnold M. Nemirow will be speaking at the Morgan Stanley - Mining, Paper and Packaging Conference on Wednesday, March 13 at 8:30am (EST).

Interested investors can access a live audio webcast of the presentation at http://www.bowater.com. A replay of the presentation will be available starting at 10:00am (EST) and will be archived for 30 days.

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. The company has 12 pulp and paper mills in the United States, Canada and South Korea and 13 North American sawmills that produce softwood and hardwood lumber. Bowater also operates two facilities that convert a groundwood base sheet to coated products. Bowater's operations are supported by approximately 1.5 million acres of timberlands owned or leased in the United States and Canada and 33 million acres of timber cutting rights in Canada. Bowater is one of the world's largest consumers of recycled newspapers and magazines. Bowater common stock is listed on the New York Stock Exchange, the Pacific Exchange and the London Stock Exchange. A special class of stock exchangeable into Bowater common stock is listed on the Toronto Stock Exchange (TSE: BWX).