Cascades also announced today that, in accordance with the terms of its wholly owned subsidiary Cascades Tenderco Inc.'s previously announced tender offer for any and all of Cascades' outstanding 7 1/4% senior notes due 2013 and 6 3/4% senior notes due 2013, which has expired today, Cascades Tenderco has purchased an additional approximately $3.9 million aggregate principal amount of 7 1/4% notes and an additional approximately $1.3 million aggregate principal amount of 6 3/4% notes, in each case tendered subsequent to 17 December 2009. Pursuant to the tender offer, a total of approximately $529.7 million aggregate principal amount of 7 1/4% notes and $189.3 million aggregate principal amount of 6 3/4% notes were purchased. Approximately $116.2 million aggregate principal amount of 7 1/4% notes remain outstanding and approximately $60.7 million aggregate principal amount of 6 3/4% notes remain outstanding.

Founded in 1964, Cascades produces, converts, and markets packaging and tissue products composed mainly of recycled fibers. Cascades employs close to 13,000 employees who work in more than 100 modern and flexible production units located in North America and Europe. Cascades' management philosophy, its 45 years of experience in recycling, and its continued efforts in research and development are strengths enabling the company to create new products for its customers. Cascades' shares trade on the Toronto stock exchange under the ticker symbol CAS.