Please note that this list may not contain the names of all analysts covering Nippon Paper Group, Inc. Any opinions, estimates or forecasts regarding Nippon Paper Group, Inc.'s performance made by these analysts or analyst organizations are theirs alone and do not represent opinions, forecasts or predictions of Nippon Paper Group, Inc. or its management. Nippon Paper Group, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with their information, conclusions or recommendations.