Bowater Names Craig Stevens to Lead Nuway Operations.

Business Editors

GREENVILLE, S.C.--(BUSINESS WIRE)--March 18, 2002

Bowater Incorporated (NYSE: BOW) today announced that Craig B. Stevens has been appointed Vice President and General Manager - Nuway Operations, reporting to E. Patrick Duffy, President of the Coated and Specialty Papers Division. He will have responsibility for Bowater's Nuway coating facilities in Benton Harbor, Michigan and Covington, Tennessee, which convert a groundwood base sheet to products used in magazines, catalogues and inserts.

Mr. Stevens is a graduate of the University of Connecticut and a Certified Public Accountant. He joined Bowater in 1973 and has held various management positions, most recently as Vice President, Administration and Planning of the Newsprint Division.

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'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).