Pursuant
to the resolution passed at a meeting of the board of directors held on June
28, 2012, Oji Paper Co., Ltd. ("Oji Paper") is pleased to announce
that it has entered an agreement with Shandong Century Sunshine Paper Group
Co., Ltd ("Century Sunshine Paper") in China and Dragon Chariot
Limited ("Dragon Chariot") in Hong Kong concerning the implementation
of specialty paper business in China by establishing a joint venture. Oji Paper
Group is driving the emergence and expansion in the specialty paper sector in
China expected to be growth field in the future. After completing the
incorporation formalities of such joint venture, Oji Paper Group will hold a
new specialty paper manufacturing base in China.
