The Company's principal operations produce and market newsprint and value-added
groundwood papers. The Company's operations also include the manufacturing and
marketing of lumber and other value-added wood products.

These businesses are described in the "Management's Discussion and Analysis", on
the following pages of the Company's 2002 Annual Report:

Newsprint Pages 28 and 29

Value-Added Groundwood Papers Pages 29 and 30

Lumber Pages 30, 31 and 32

The segmented results for these businesses are shown in the Company's
Consolidated Financial Statements for the three years ended December 31, 2002,
on page 45 of the Company's 2002 Annual Report.

The principal market for the Company's products is the United States, with the
remainder marketed worldwide.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2003%2f05%2f16%2f0001169232-03-003857.html#FIS_BUSINESS"