MEMPHIS, Tenn. - Sylvamo (NYSE: SLVM), the world's paper company, closed an agreement Monday acquiring Stora Enso's uncoated freesheet paper mill in Nymolla, Sweden, for 150 million euros. The mill, strong brands it produces and team members who operate and support the facility are now officially part of Sylvamo.

'The Nymolla mill strengthens our uncoated freesheet product mix and enables us to serve customers across Europe and around the world more effectively,' said Jean-Michel Ribieras, chairman and chief executive officer. 'We'd like to welcome our new team members to the world's paper company.'

The integrated mill has two pulp lines and the capacity to produce approximately 500,000 short tons of uncoated freesheet on two paper machines. The mill produces several brands, including Multicopy, and paper used for office printing, business forms, digital printing, offset for printing books and much more.

'I'd like to welcome Sylvamo to Skane Ian as the mill becomes a part of the world's paper company. We look forward to a long lasting and prosperous relationship for years to come,' said Michael Lindemann, manager, Nymolla Mill.

The Nymolla mill has an excellent environmental footprint, which complements Sylvamo's purpose to produce paper in the most responsible and sustainable ways. The low-cost mill generates 85% of its energy needs from carbon-neutral, renewable biomass residuals.

About Sylvamo

Sylvamo (NYSE: SLVM) is the world's paper company with mills in Europe, Latin America and North America. Our vision is to be the employer, supplier and investment of choice. We transform renewable resources into papers that people depend on for education, communication and entertainment. Headquartered in Memphis, Tennessee, we employ more than 6,000 colleagues. Net sales for 2021 were $2.8 billion. For more information, please visit Sylvamo.com.

Contact:

Sylvamo Global

Adam Ghassemi

T: +1-901-519-8115

E: adam.ghassemi@sylvamo.com

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