Bowater appoints David G. Maffucci Senior Vice President and Chief Financial Officer.

Incorporated (NYSE:BOW) today announced the appointment of David G. Maffucci as Senior Vice President and Chief Financial Officer.

Maffucci, 44, joined Bowater in 1977, and has held several financial positions including that of Assistant Controller and, most recently, Vice President - Treasurer.

Maffucci, who is a Certified Public Accountant, was with a major public accounting firm prior to joining Bowater.

Bowater Incorporated is the largest producer of newsprint in the U.S., and also makes coated and uncoated groundwood papers, bleached kraft pulp, continuous computer forms and lumber products. It has five paper mills, eight converting plants and 3.7 million acres of timberlands in the U.S. and Canada. Bowater Incorporated common stock is listed on the New York Stock Exchange, U.S. regional exchanges, the London Stock Exchange and the Swiss Stock Exchanges.

CONTACT: Bowater Incorporated, Greenville

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