september 2006 presentation to shareholders management table of contents i situation overview ii paper industry iii catalyst a specialty papers b newsprint c pulp iv cost structure v financial disclaimer the contains forward looking statements that are based on s assumptions including relating market conditions and demand for company products production pricing our ability successfully obtain performance improvements savings fluctuations in foreign exchange rates availability raw materials or energy other factors beyond control these subject risks uncertainties no assurances can be given any events anticipated by may occur what benefits derive from them number could cause actual results differ materially those expressed implied additional information about found 2005 annual report quarterly reports under section titled documents available sedar at www com website catalystpaper 3
