Bowater Incorporated CEO to Speak at Investor Conference.

GREENVILLE, S.C. -- Bowater Incorporated (NYSE: BOW) Chairman, President and Chief Executive Officer, Arnold M. Nemirow, will speak at the Lehman Brothers Materials Select Conference in Miami, Florida on Friday, November 12, 2004, at 1:45 p.m. EST.

Interested parties can 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 Monday, December 13, 2004.

Bowater Incorporated, headquartered in Greenville, SC, is a leading producer of newsprint and coated groundwood papers. In addition, the company makes 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 12 North American sawmills that produce softwood lumber. Bowater also operates two facilities that convert a groundwood base sheet to coated products. Bowater's operations are supported by approximately 1.4 million acres of timberlands owned or leased in the United States and Canada and 30 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).