Newell Holt Named President of U.S. Paper Operations for Unisource; Appointment further strengthens company's commitment to growth and customer service

Business Wire, June 16, 2004

NORCROSS, Ga. -- Unisource Worldwide, Inc., one of the leading distributors of paper, packaging and facility supplies in North America, today announced the appointment of Newell Holt as President of its Paper business in the United States. Holt brings over thirty years of managerial, sales and marketing experience in the paper industry to Unisource, and will report directly to Unisource CEO Al Dragone.

Holt, 57, will be based at the company's headquarters in Norcross, GA. He most recently served as Senior Vice President for the Midwest Region of xpedx, a unit of International Paper Company, a position he has held since 2002. From 1999-2002, he was Vice President of International Paper's bleached board manufacturing division. Holt began his career in 1969 with Dillard Paper Company, eventually rising to Vice President of Sales. He joined International Paper when it purchased Dillard Paper in 1991.

"Newell is a proven leader and business manager in the paper industry with an impressive track record in sales and marketing," said Dragone. "We are confident that his appointment better positions Unisource to capitalize on the growth opportunities in the paper distribution business, while further strengthening our level of customer service."

Unisource is organized in three strategic business units - paper, packaging and supplies - to focus on individual markets while leveraging its national platform.

"I am excited to join Unisource as a newly-independent company with a track record of market leadership," stated Mr. Holt. "Unisource has a very comprehensive suite of products and services, and I look forward to working with the new management team and the talented employees of Unisource to further strengthen our leadership position in the paper distribution business."

About Unisource

Unisource Worldwide, a $6 billion company, is one of the largest distributors of paper, packaging and supplies in North America. Specializing in supply chain management and operational excellence, Unisource has approximately fifty years' experience in building strong alliances and cost-saving solutions for customers. Unisource has one of the largest sales and distribution infrastructures in the country with facilities in 220 communities and a fleet of 1,300 delivery vehicles. Headquartered in Norcross, Georgia, Unisource employs approximately 7,500 people worldwide. For more information, please visit www.unisourcelink.com