Bowater Logo This is Bowater Letter to Shareholders Capacity & Production Financial Highlights Board & Officers Shareholder Information

CORPORATE OFFICERS
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David J. Paterson
Chairman, President and Chief Executive Officer

William G. Harvey
Executive Vice President and Chief Financial Officer

Ronald T. Lindsay
Executive Vice President, General Counsel and Secretary

Pierre Monahan
Executive Vice President - Building Products

W. Eric Streed
Executive Vice President - Operations and Process Improvement

James T. Wright
Executive Vice President - Human Resources

C. Randy Ellington
Senior Vice President - Newsprint Sales

Luc Lachapelle
Senior Vice President - Manufacturing

William C. Morris
Senior Vice President - Pulp, Coated and Specialty Paper Sales and Marketing

Gaynor L. Nash
Senior Vice President - Manufacturing

David A. Spraley
Senior Vice President - Manufacturing

Kathleen M. Bennett
Vice President - Government Affairs, Communications and Environment

Victor L. Bilodeau
Vice President - Manufacturing Services

Larry G. Green
Vice President - Purchasing

Thomas M. Griffith
Vice President - Information Technology and Chief Information Officer

Joseph B. Johnson
Vice President and Controller

Duane A. Owens
Vice President and Treasurer

Colin R. Wolfe
Vice President - Financial Planning and Analysis
New Structure
New Leadership
New Strategies
Newsprint
Coated & Specialty Papers
Market Pulp
Lumber
BOARD OF DIRECTORS
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Richard B. Evans
President and Chief Executive Officer
Alcan, Inc.
Aluminum Manufacturer
Director since 2003
Age: 59

Human Resources and Compensation Committee; Nominating and Governance Committee
John A. Rolls
President and Chief Executive Officer
Thermion Systems International
Aerospace and Industrial Heating Systems
Director since 1990
Age: 65

Executive Committee; Audit Committee; Finance Committee; Nominating and Governance Committee
David J. Paterson
Chairman, President and Chief Executive Officer
Director since 2006
Age: 52

Executive Committee
Gordon D. Giffin
Co-chair, Public Policy and Regulatory Affairs
McKenna Long & Aldridge LLP
Attorneys at Law
Director since 2003
Age: 57

Audit Committee; Nominating and Governance Committee
Togo D. West, Jr.
Chairman
TLI Leadership Group
Consulting Services
Director since 2002
Age: 64

Audit Committee; Human Resources and Compensation Committee
Arthur R. Sawchuk
Chairman
Manulife Financial Corporation
Financial Services
Director since 1998
Age: 71

Executive Committee; Human Resources and Compensation Committee; Nominating and Governance Committee
Arnold M. Nemirow
Former Chairman, President and CEO
Bruce W. Van Saun
Vice Chairman – Asset Management and Market-Related Activities
The Bank of New York Company, Inc.
Financial Services
Director since 2005
Age: 49

Audit Committee; Finance Committee
Ruth R. Harkin
Director - ConocoPhillips
Energy Company
Iowa Board of Regents Director since 2005
Age: 62

Finance Committee; Human Resources and Compensation Committee
L. Jacques Ménard
Chairman
BMO Nesbitt Burns
President
BMO Financial Group, Quebec
Financial Services
Director since 2002
Age: 61

Finance Committee; Nominating and Governance Committee