Update on Fire at Mercer Stendal Pulp Mill

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NEW YORK, July 04 28, 2022 (GLOBE NEWSWIRE) — Mercer International (“Mercer” or the “Company”) (Nasdaq: MERC), provides the following update to its July 1, 2022 press release regarding a fire that occurred in the area storage of woodchips at our pulp mill in Stendal.

Currently, the fire has been mostly extinguished, but as is customary in such cases, the site will be monitored for several days for hot spots. The fire did not damage plant operations and damage appears to have been limited to wood chip storage bins and associated conveying systems. The Company will, to the extent permitted by site monitoring measures, carry out a more formal detailed assessment of the damage and repairs required and develop a restart plan. Until this assessment and plan, there is no guarantee that the plant will resume operations.

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The Company maintains property and business interruption insurance for the Stendal pulp mill and we anticipate that property damage and business interruption will be covered by this insurance, subject to deductibles and limits. usual.

About Us

Mercer International Inc. is a global forest products company operating in Germany, the United States and Canada with a consolidated annual production capacity of 2.3 million tons of pulp, 550 million board feet of lumber and 140,000 cubic meters of CLT. For more information about the company, please visit its website at www.mercerint.com.

The foregoing includes forward-looking statements that involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from expected results. Words such as « expects », « anticipates », « is optimistic that », « plans », « intends », « designed », « will », « believes », « estimates », » may, “could” and variations of such similar words and expressions are intended to identify such forward-looking statements. Among the factors that could cause actual results to differ materially are the following: the highly cyclical nature of our business, raw material costs, our level of indebtedness, competition, fluctuations in foreign exchange rates and interest, our use of derivative instruments, expenditures for capital projects, environmental regulation and compliance, disruptions to our production, market conditions and other risk factors listed from time to time in our SEC reports.

APPROVED BY:

Jimmy SH Lee
Executive Chairman of the Board
(604) 684-1099

Juan Carlos Bueno
President and CEO
(604) 684-1099