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Recently released company announcements.
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11.8.2006

 ALPHARETTA, Ga., Nov 08, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Neenah Paper, Inc. (NYSE: NP) today reported income from continuing operations for the third quarter 2006 of $4.6 million, or $0.31 per diluted common share, compared with income from continuing operations of $7.0 million, or $0.47 per diluted common share, for the third quarter of 2005. While profits increased in each of the company's paper segments, hedging and currency effects related to pulp operations resulted in lower total income. Net sales for the third quarter 2006 increased 11 percent versus the prior year to $141.4 million, with increases occurring in all business segments.

 

10.17.2006

 ALPHARETTA, Ga., Oct 17, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Neenah Paper, Inc. (NYSE: NP) today announced it will release 2006 third quarter financial results on Wednesday, November 8, after the closing of the New York Stock Exchange. The company will hold a webcast to discuss earnings and business results at 11 a.m. (EST) on Thursday, November 9. Interested parties are invited to listen to the webcast live or obtain the call-in number via the company's internet site at www.neenah.com. Replays of the webcast will be available through the same site until November 30.

 

10.11.2006

 ALPHARETTA, Ga., Oct 11, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- (NYSE: NP) - Neenah Paper, Inc. today announced that it completed the previously announced purchase of FiberMark's German subsidiaries for $218 million. The transaction was financed through $160 million of available cash and $58 million of new debt drawn against the company's existing senior credit facility.

 

9.20.2006

 ALPHARETTA, Ga. (September 20, 2006) – Neenah Paper (NYSE:NP), one of the country's leading premium paper manufacturers, announced today that it is purchasing over 10 million kilowatt hours (kWh) of renewable energy, making it the largest purchaser of green power in the entire state of Wisconsin. This is 12 percent of Neenah Paper's total energy purchase for its statewide fine paper manufacturing operations. The purchase also qualifies Neenah Paper for distinguished membership in the EPA's Green Power Leadership Club, a program recognizing organizations for exemplary green power purchases. Neenah Paper's energy purchase consists of environmentally preferable, renewable sources of energy such as wind, solar, low-impact hydro and biomass. Renewable resources have little to no impact on the environment and produce no net greenhouse gas emissions in generating electricity. The fast-growing recycled brand, ENVIRONMENT® Papers, and two finishes of the EAMES™ Paper Collection (Painting and Furniture finishes) will be made entirely with renewable energy.

 

8.29.2006

 ALPHARETTA, GA., Aug 29, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- (NYSE: NP) - Neenah Paper, Inc. today announced it has completed the sale of its Terrace Bay pulp mill and woodlands assets to Terrace Bay Pulp Inc. and Eagle Logging Inc., members of the Buchanan group. Terms of the sale are consistent with the definitive sales agreement signed earlier in the month and summarized in the company's press release on August 8, 2006.

 

8.9.2006

 ALPHARETTA, Ga., Aug 09, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- (NYSE: NP) -- Neenah Paper, Inc. today announced it had signed a definitive agreement to purchase FiberMark's German subsidiaries for $218 million. These operations, consisting of three manufacturing sites, produce a diverse range of products, including auto filter media, tape and abrasive backings, and other specialized printing and coating substrates. In 2005, FiberMark Germany's operating income was approximately $29 million on net sales of $221 million.

 

8.8.2006

 ALPHARETTA, Ga., Aug 08, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- (NYSE: NP) -- Neenah Paper, Inc. today announced it had signed definitive sales agreements with Terrace Bay Pulp Inc. and Eagle Logging Inc., members of the Buchanan group, to transfer the company's Terrace Bay pulp mill and the company's woodlands assets. A tentative agreement between the parties was announced in early May.

 

8.8.2006

 ALPHARETTA, Ga., Aug 08, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- (NYSE: NP) -- Neenah Paper, Inc. today reported consolidated net income of $73.3 million for the second quarter 2006, or $4.94 per diluted common share, compared with net income of $6.8 million, or $0.46 per diluted common share, during the second quarter of 2005. Consolidated net income in 2006 included an after-tax gain of $75.7 million, or $5.11 per diluted common share, from the June sale of approximately 500,000 acres of Nova Scotia timberlands. Excluding the gain on sale of the timberlands and losses from discontinued operations discussed below, earnings were $0.57 per diluted common share in the second quarter 2006, compared with $0.62 per diluted common share in the second quarter 2005. Net sales for the second quarter 2006 increased 10 percent versus the prior year to $142.8 million.

 

7.20.2006

 ALPHARETTA, Ga., July 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Neenah Paper, Inc. (NYSE: NP) today announced it will release 2006 second quarter financial results after the closing of the New York Stock Exchange on Tuesday, August 8. The company will hold a webcast to discuss earnings and business results at 11 a.m. Eastern time on Wednesday, August 9. Interested parties are invited to listen to the webcast live or obtain the call-in number via the company's internet site at www.neenah.com. Replays of the webcast will be available through the same site through August 31.

 

7.18.2006

 ALPHARETTA, Ga., July 18, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Neenah Paper, Inc. (NYSE: NP) announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on the company's common stock. The dividend will be paid on September 4, 2006 to stockholders of record as of close of business on August 4, 2006.

 

6.30.2006

 ALPHARETTA, GEORGIA – June 30, 2006 (NYSE:NP) – Neenah Paper, Inc. announced today it had completed the sale of approximately 500,000 acres of timberlands in Nova Scotia for $140 million. The transaction is expected to generate an after-tax book gain of approximately $80 million. Timing for recognition of the gain is currently being evaluated.

 

6.2.2006

 ALPHARETTA, GEORGIA – June 2, 2006 (NYSE:NP) – Neenah Paper, Inc. announced today that the company will be meeting next week with Buchanan Forest Products, Ltd. to discuss the status of a possible transfer of Neenah Paper’s Terrace Bay pulp mill and woodlands operations to Buchanan. In early May, Neenah Paper announced it had tentatively agreed to transfer these operations to Buchanan subject to several conditions, including completion by June 1 of labor negotiations between Buchanan and mill and woodlands employees. Mill employees were able to negotiate a revised agreement in accordance with this deadline, however, woodlands employees have not. Neenah Paper had previously announced plans to permanently close the mill and woodlands if a transfer to Buchanan could not be successfully completed.

 

5.9.2006

 ALPHARETTA, GEORGIA – May 9, 2006 (NYSE:NP) – Neenah Paper, Inc. today announced it signed a definitive agreement with Wagner Forest Management Limited to sell approximately 500,000 acres of timberlands in Nova Scotia for $140 million, subject to normal closing conditions. Net after-tax cash proceeds from the transaction are estimated to be approximately $120 million and would be received at closing, which is expected to occur by early in the third quarter. The transaction would result in an after-tax gain of approximately $80 million. Timing of the gain recognition is currently being evaluated.

 

5.9.2006

 ALPHARETTA, GEORGIA – May 9, 2006 (NYSE:NP) – Neenah Paper, Inc. today reported net income of $0.9 million for the first quarter 2006, or $0.06 per diluted common share, compared with net income of $2.7 million, or $0.18 per diluted common share during the first quarter of 2005. First quarter 2005 results included after-tax charges for the closure of the Terrace Bay No. 1 mill of $0.19 per diluted common share. In January 2006, the company adopted SFAS 123R for recognizing stock-based compensation costs and first quarter 2006 results include a charge of $0.06 per share for the expense of such costs under this new standard.

 

5.9.2006

 ALPHARETTA, Ga., May 9, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Neenah Paper, Inc. (NYSE: NP) announced today that the company and Buchanan Forest Products, Ltd. have tentatively agreed to a transfer of Neenah Paper's Terrace Bay pulp mill and woodlands operations. The transfer is subject to several conditions, including completion of negotiations with mill and woodlands employees to help make the operation more competitive in the current challenging environment. These negotiations need to be completed by June 1 in order for the transaction to proceed.

 

5.5.2006

 ALPHARETTA, GEORGIA – May 5, 2006 – Neenah Paper, Inc. (NYSE:NP) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the company’s common stock. The dividend is payable on June 2, 2006 to stockholders of record as of close of business on May 11, 2006.

 

4.19.2006

 ALPHARETTA, GEORGIA – April 19, 2006 (NYSE:NP) – Neenah Paper, Inc. today announced it will release 2006 first quarter financial results after the closing of the New York Stock Exchange on Tuesday, May 9. The company will hold a webcast to discuss earnings and business results at 11 a.m. Eastern time on Wednesday, May 10. Interested parties are invited to listen to the webcast live or obtain the call-in number via the company's internet site at www.neenah.com. Replays of the webcast will be available through the same site through May 31.

 

3.8.2006

 ALPHARETTA, GEORGIA – March 8, 2006 (NYSE:NP) – Neenah Paper today reported a net loss of $37.7 million for the fourth quarter 2005, or $2.56 per diluted common share, compared with a net loss of a $69.7 million, or $4.73 per diluted common share, during the fourth quarter of 2004. Fourth quarter 2005 results included after-tax charges for the impairment of Terrace Bay pulp assets of $33.1 million, or $2.25 per diluted common share. In the fourth quarter of 2004, $72.0 million, or $4.89 per diluted common share, was included for the impairment charge of Terrace Bay assets. Excluding these impairment charges, fourth quarter results would have been a loss of $0.31 per diluted common share in 2005 and earnings of $0.16 in the fourth quarter of 2004. Neenah Paper was part of Kimberly-Clark through November 30, 2004 and results prior to the spin-off date did not reflect higher pulp discounts, interest expense, corporate costs and other changes attributable to operating as a stand-alone company.

 

1.12.2006

 ALPHARETTA, Ga. – January 12, 2006 – Neenah Paper, Inc. (NYSE:NP) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the company’s common stock. The dividend is payable on March 2, 2006 to stockholders of record as of close of business on February 2, 2006.