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7/31/2019 2012-28 Hydro Assets_ENG
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News Release
TICKER SYMBOL MEDIA AND INVESTOR RELATIONS FOR MORE INFORMATION
(NYSE: UFS) (TSX: UFS) Pascal BosséVice-PresidentCorporate Communications and Investor Relations
Tel.: 514-848-5938
Stuart ListerManagerCorporate Communications and Publics AffairsTel: 514-848-5555 ext. 85515
DOMTAR SIGNS DEFINITIVE PURCHASE AND SALE AGREEMENT FOR SALE OF
OTTAWA/GATINEAU HYDRO ASSETS(All financial information is in CAD$, unless otherwise noted.)
Montreal, June 13, 2012 – Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced thesigning by its Canadian subsidiary, Domtar Inc. (“Domtar”), of a Definitive Purchase and SaleAgreement (“the agreement”) for the sale of its hydro assets in Ottawa, Ontario and Gatineau,Québec for $45 million. The purchaser is Energy Ottawa Inc. (“Energy Ottawa”), the renewableenergy subsidiary of Hydro Ottawa Holding Inc. The agreement with Energy Ottawa signed on April4, 2012 is subject to customary closing conditions, including certain third party approvals, withclosing expected by August 31, 2012.
The transaction includes Domtar’s three power stations (21 MW of installed capacity), Domtar’swater rights in the area, as well as the company’s equity stake in the Chaudière Water Power Inc.(CWPI) ring dam consortium. Domtar currently has 12 workers operating its hydro assets inOttawa/Gatineau and all employees are to become employees of a subsidiary of Energy Ottawa uponclosing of the transaction.
About Domtar
Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products
including communication papers, specialty and packaging papers and adult incontinence products. The foundation of its business is a
network of world class wood fiber converting assets that produce papergrade, fluff and specialty pulps. The majority of its pulp production
is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet
paper in North America with recognized brands such as Cougar ® , Lynx ® Opaque Ultra, Husky ® Opaque Offset, First Choice ® and Domtar
EarthChoice ® . Domtar is also a leading marketer and producer of a complete line of incontinence care products marketed primarily under
the Attends ® brand name. Domtar owns and operates ArivaTM, an extensive network of strategically located paper and printing suppliesdistribution facilities. In 2011, Domtar had sales of US$5.6 billion from nearly 50 countries. The Company employs approximately 9,100
people. To learn more, visit www.domtar.com.
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395 de Maisonneuve Blvd. WestMontreal, QC H3A 1L6